Amanda Stanhaus

Tag: purchase

Foreign Transaction Fee

When a credit card is used in a purchase of a good in anything other than its homeland’s currency—>Fee! Fun Fact: American and Canadian “dollars” are not the same.

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

Inflation

The growth rate of prices. The change in purchasing power of money. On average, the price of everything is going up. Those classic pumps are more expensive each year.

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

Option

The purchaser may want to buy/sell a security at a certain price. Just like when my friend says maybe to plans, she wants to keep her options open for the best deal. P.S. She maybe isn’t my friend.

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

Purchasing Power

Not a magical power, sorry. This is how much bang I get for my buck.

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

Receipt

Slip of paper with the details of my purchase, $ amount, name and partial credit card #. I like to keep these.

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