Amanda Stanhaus

Tag: oops

Bar Hop, Card Hop

image

Oops, neither Babe nor I —not to mention our bartender—-were paying attention last Friday night, when we paid our individual tabs.

Our credit cards are seemingly identical twins. After Babe read my cash back credit card post, she got the same one.

What happened was Babe and I were drinking and distracted… we paid our respective bills and left the bar with the other’s credit card.

The switch up lasted 12 hrs, when I was out to brunch and my regular waiter uncomfortably commented that I was attempting to pay for my brunch with someone else’s credit card.

Yes, the whole experience was très embarrassing! Please help me in never allowing this to happen to anyone ever again.

Drink responsibly. And retrieve the correct credit card pre-party hopping.

Happy weekend!

image

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

New Year’s Resolutions

Whizz! 2013 flew by.

Yikes! 2014 is almost here.

I have lots of big dreams for 2014…I’m not ready to broadcast them yet…they will be reality soon enough!

But in regards to mundane money management—and growth— I’m going to have fun with it!

Organized by category, here are my realistic—yet fun—New Year’s resolutions.

Essentials

The ideal is to pay my credit card in full each month. I’m going to break it down and pay off my balance each Sunday. If successful, I will celebrate by going out for a Sunday nightcap!

Milestones

I’m still saving up for my Vespa. In addition to my automatic saving system, whenever I walk somewhere, the public transit fare I saved will be placed in a jar for safe keeping. The more I walk, the sooner my Vespa will be mine!

Investing

Reading in full my monthly investment statements is no easy task. Eating coconut creme cookies constantly is the easiest task I can imagine. So I am going to mix the two. I will treat myself to coconut creme cookies once a month when I read the investment statements.

Insurance

While I am still on my parents health insurance plan since I am pre-26, I do want check out these exchanges everyone is talking about.  Not that I want to buy my own health insurance until I’m 26…so I will religiously attend weekly family dinners.

Oops

Just like I am able to spot my friends’ future husbands (unfortunately, only my friend’s, not mine), I want to spot my oopses before they happen..  If the potential oops has to do with being frugal, I will ask myself, what would Warren Buffett do? And If the potential oops has to do with being fabulous, I will ask myself, what would Helen Gurley Brown do?

Convo (By: Birdie)

Just like Bettie is making financial literacy fun, I am going to break the mold of the grumpy academic economist and be the world’s first PR-perfect conversational economist. I’ll build my fan base here by translating the economic news of the week into key takeaways to provide a bird’s eye view!

O Canada (By: Belle)

Inspired by Bettie, I will do a monthly review of my RRSP while eating maple creme cookies. And when the review is fini, c’est fini avec the cookies!

Happy New Year! Best of luck with your realistic resolutions!

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

Cashmere Card

image

Big OOPS!

I didn’t have time to stop by Bloomies’s cashmere sale. I wanted a turquoise cap-sleeve crewneck. My friend was already going, so I lent her my debit card to buy it for me. “What a good friend,” I thought.

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

Oh yes, card and PIN. She had full access. And I, sans card, had none.

It took her 4 days to give me back my card. We’re now former friends.

I changed my PIN even before another cent left my checking account.

If there is a next time, it will be a cash transaction.

Being too busy is just maybe a sign I shouldn’t be shopping. No matter how good the discount and what’s on sale. Ugh, life and its lessons.

image

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

Lagging Indicator

Once shit hits the fan, this states the obvious.

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

Late fee

I’m late, late, late for a very important date…with my bill.

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

Margin

Borrow money to buy a security. One of many reasons the Great Depression was so GREAT.

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

28 Keys to 2008

image

Clueless about why 2008 made the rich and poor, poor alike? Click on the bold words to learn their meaning (or better yet, here is a list) and then repeat after me…

The buy side thought mortgages made invincible asset backed securities.  Mortgages were not created equally; they were not commodities. The bull market, lack of due diligence and aggressive investment style [eye-roll, mutter “Goldman”] clouded almost everyone’s view. Plus, lots of leverage with lack of worry about liability. The worst was the derivatives to cover the company’s, but not their client’s, asses. I mean assets….

Once the bear market began, boy did it roar with cyclical and defensive stocks alike taking a tumble. Default there.  Bankruptcy here. Magnified by balance sheets that were not diversified.

If only I had used my spare time for technical analysis of leading indicators, benchmarksbond ratings, decided to be contrarian and short sell REITs my retirement would have come early!

Now, with the market obviously inefficientfundamental analysis will help me pick the winners, just like Warren!

image

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

Speculator

Looking to make $$ off of the hot, new thing. Fun… till it fails… and it generally does.

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

Questioning my Credit Card Choice

Cashback credit cards mean approximately free money. You just have to spend before you receive.

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

$40 cashback from my credit card last year.

First thought—Nice!!

Second thought— $40 is 1% of what?????

image

Mint’s pie chart showed me how I allocated this chunk of money over the year. The largest chunk of the chunk was going to my waxes. In this area, blondes do have more financial fun.

While replacing my credit card, after my latest oops I noticed my current credit card had an annual fee of $19 with 1% back on everything. I realized there was another cashback credit card from my bank with no annual fee, 2% back on groceries and .5% back on everything else.

The cashback credit card decision was a doozie. My local grocery is so cheap (and clean and the best) that it doesn’t accept credit cards. I decided to stick with my current card—I made a decision that fit my spending habits.

Other things to check on are interest rates, spending limits and if you’re a jetsetter, foreign transaction fees.

image

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