Amanda Stanhaus

Tag: thank you

Financially Literate

I know what I’m doing with my $$, thank you very much!

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

Behave and Save

Do you stash your cash in your panty drawer? Of course, it’s necessary to have a stash of cash for emergencies (actual, not fashion). But if there is ever more cash than underwear in my drawer, I could be doing my $$ a disservice.

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

If I were to deposit that cash into a savings account, it could grow! Grow with respect to the interest rate, that is. The interest rate determines the % of my  account balance the bank pays ME! The bank likes storing my $$, and interest payments are their thank you note. Here’s a reminder courtesy of Don Draper.

There is a bevy of other options to grow my money even more. A savings account is by far the most straightforward. The others have an intimidation factor. But, keep reading and I will conquer intimidation!!

image

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

Check, please!

image

I’ll be using my checking account to pay that.

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

No interest $$ is being earned, so funds in my checking account are on the run! Responsible run, of course.

Savings accounts are for funds in it to win it. A saving account’s prize is interest payments.

When my checking account is feeling low, and my $$ maker (shake it!) is not making enough $$, I move $$ from my savings account to my checking account to be spent.

I HATE having to move $$ from my savings to checking account.

And I HATE that not everyone thinks I dance like Beyonce.

But, there is a distinct difference…

image

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