So Many Shoes, So Little Money – Blog

Fashionista’s Finance Dictionary

June 5th, 2009

With apologies to the urban dictionary…

Annual Percentage Rates (APR)
Fees charged by credit card companies when you do not pay your bill in full.
The credit card company charged me major bucks last month when I didn’t pay my bill in full – damm you Jimmy Choo!

Budget
An itemized plan of what you earn, what you spend, and what you can spend.
The new Gucci bag I am coveting is not in my budget – I might have to rent it!

Debt
Spending more than you can afford on anything (un-stylish)
Girl #1 – “Fantastic new jeans – tres chic! Were they expensive?”
Girl #2 -“Very. They put me in debt but I had to have them.”
Girl#1 – “That is so not stylish.”

Compound Interest
Where you pay (or receive) interest on your interest.
I owe so much interest on my credit card bill it’s as if my shoes bought their own shoes.

Time Value of Money
All things being equal it is better to receive money sooner than later.
A true Fashionista measures time in seasons and hates to wait.

Professional Help
Experts who can help you manage your money: Accountants, Attorney, Financial Planner, Investment Adviser, Insurance Broker, Realtor, Stock Broker
I’ve hired a professional, after all it’s a fine line between super stylish and fashion train wreck.

Filed under: Introduction

Tags: Expert help