Amanda Stanhaus

Tag: pay

Automatic Payment

My bills have no choice, but to be paid with this system.

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

Bill

An entity that expects a payment will send one of these.

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

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.)

Debt Payment

Get rid of debt by paying these. On time, preferably.

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

Front-End Load

Pay me up front,” says the mutual fund manager.

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

Income

Raking it in! Traditionally comes from working. Investments can pay this too.

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

Lease

I’m going to rent this for x years and promise to  pay y every month. Read carefully and then give it my autograph.

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

Minimum Payment

Make the least amount of effort (or $$) possible to pay off my bill.

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

Mortgage

I don’t have enough cash to pay for my house in full, so I took out one of these. It’s a form of amortization. AKA: reducing my debt by paying installments over time.

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

Offering Price

I’ll pay this much. What do you say?

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