Amanda Stanhaus

Tag: negotiate

Phone Bill Haggler

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One of my favorite activities is haggling over my phone bill. Whenever I spy an extra charge…I tell myself, “I am not paying that!”

I haggled $40 off my phone bill last month. Granted their math was WAY off, but I always use the same technique.

Listen and learn, ladies!

I scrupulously review the bill and then call up the phone company seeming completely confused.

In my confused state, I ask the phone company rep, “how could my bill be so much??”

The phone company rep scrupulously reviews the bill with me over the phone, and comes to the same conclusion I did, “Oh, you don’t have to pay that!”

It’s all about making the rep feel like she came to this conclusion herself, yet we really know who led her there!

Haggler for life!

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(Originally published on Amanda Stanhaus’s financial literacy blog: XO, Bettie.)

Negotiation

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Discussing money is always difficult. This makes negotiating my salary extra tricky.

My frame of mind when I negotiate is the following: you can’t afford me, so impress me.

From my perspective, negotiation is all about the attitude. Ex.: Regardless of responsibilities, I’m always totally qualified, duh.

Meanwhile, my prospective employer’s goal is to find a way to pay me the least amount possible for the most amount of work.

Prospective employers love to ask for the range of salary I am expecting from a job. From my range, the prospective employer equates my low # to their high #.

Essentially, whoever names a # first loses. Don’t be a loser, don’t name a #.

If a prospective employer “needs” to know a #, stall a much as possible. Say things such as “market rate,” “I need a better understanding of my responsibilities,” and “You will need to provide me with more information about my benefits before I can say such a #.”

If all else fails, look up on Glassdoor for range of salaries according to position, city, and company.

Stay tough!

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(Originally published on Amanda Stanhaus’s financial literacy blog: XO, Bettie.)

Saving is Sexy

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I’m alway aspiring to make saving sound sexy, but Helen Gurley Brown was the original.

Here are a selection of Helen’s tips from what’s basically my bible, Sex and the Single Girl.

-Scrimp on what isn’t sexy or beautiful or really any fun, so you can afford what is.

-Never pay more when you can pay less.

-Don’t subscribe to a newspaper if you see one at the office or can borrow your landlord’s.

-Ditto magazines. Ask a friend to pass hers on after she’s read them.

-If you pay the bills, turn off the lights when you leave home.

-Give up smoking.

-Negotiate with everybody.

-Don’t undertip. This little economy is unworthy of you.

-Work for a rich man.

-Get adopted by a wealthy couple.

Got it? Got it!

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(Originally published on Amanda Stanhaus’s financial literacy blog: XO, Bettie.)

Debt Deal

I love deals.

Sale shoes. Day old bread. Debt.

(click on the bold-faced vocab words:))

If I’m going to pay off my debt, why not pay it off as cheaply as possible?

When paying off debt, deals can be made with interest rates and the associated interest payments. Sorry, there’s no changing the principle. Unless, maybe if I morph into Hermione, hmm…

mortgage’s interest rate can be lowered when refinanced.

Credit Card or Student Debt can be paid off in full with a line of credit. Lines of credit are known to have negotiable interest rates.

If the interest rate associated with a line of credit is less than the one associated with my current debt, a deal is within reach!

Go grab it!

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(Originally published on Amanda Stanhaus’s financial literacy blog: XO, Bettie.)