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.

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Chances were that this audit was going to be a lot more expensive than if she had received help – and not waited until the last minute to fill out all her tax forms. She considered the options she had ignored: computer programs like Turbo Tax, tax preparation companies like H&R block, a bookkeeper or CPA. Each carried a different cost but, in the long run, probably would have saved her money.

She vowed next year would be different.

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Lucky Magazine has created Lucky At Your Service which ties into stores’ inventories. The app featured over 70 shoes in its March shoe guide. Click “find it near you” and either GPS or a zip code can tell you which stores have what you’re looking for. The best part, it’s free. Download it at: http://corp.nearbynow.com/luckyatyourservice

ShopSavvy (www.biggu.com/applications) also acts as a personal shopping assistant. You scan an items barcode with your phone’s camera and the app shows you the lowest prices online and at nearby stores.

Even starlets need to save.

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The same is true for your finances. There are a number of experts available to help you get your financial closet in order. Experts include: Accountants, attorneys, financial planners, insurance brokers, investment advisors, realtors, and stockbrokers.

Each does something different and they can be costly. Before you run out and hire one, think about why you want one. Maybe you have a specific life-changing event like a wedding, a new child, a new job, a divorce, or an impending inheritance. Maybe you just have some financial goals you want help achieving. Whatever your reasons, do your homework. And, be sure you interview more than one advisor/planner. After all, if you dress punk, you wouldn’t hire a stylist whose signature look was boho-chic.

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