Amanda Stanhaus

Tag: vespa

Update: Vespa Goal

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I’m doing my best to save $$ for my goal of a Vespa by Sept. 2014. In addition to my automatic savings, this winter I walked when I could and put the saved fare in a jar. And surprisingly, I rarely took taxis.

But now that spring has sprung, I will be able to fully realize my new year’s resolution…I have not bought a metro card.

I am planning on walking everywhere, otherwise I will pay each public transit fare in $$. Sounds like a pain in the ass, right? I want it to be, so I force myself to walk and put that saved $$ towards my Vespa.

See you on the sidewalk!

(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.)

Car Insurance

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A hoodlum scratched my vespa—in my nightmare last night. Once I calmed down… it was only a dream…I realized I will need to get my real vespa insured.

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

The coverage for my two-wheeler will be similar to four-wheel car insurance. From a scratch to a complete ruin, I can buy insurance to give me financial assurance for any range of accidents.

The legal requirements differ by location. I’ll decide between how much to pay in monthly payments compared to paying out of pocket, if something bad happens.

But, insurance will make every joy ride more joyous knowing I’ll be worth the same amount of $$ rain or shine.

Here are the dirty details explained by Mint’s fabulous blog.

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

Goal Setting

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Vespa with matching helmet!

I want it in dragon red. And I like getting what I want.

But, I’ll need $5,000. That’s for the cheapest one. But not being able to go faster than 39 mph is just fine by me (and all who love me).

Now I need to save, save, save.

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

If I put $500 away every month into a money market deposit account with an interest rate of 3% that is compounded quarterly, I’ll have more than enough a year from now.

This combo of saving and waiting could be good for me.  Remember, I’m not trying to be cookie monster.

I’ll feel the pain of delayed gratification over the next months.

Hopefully, separation does make the heart grow fonder.

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