Comments on: Seven pairs of easily confused money terms http://www.mightybargainhunter.com/2008/02/21/seven-pairs-of-easily-confused-money-terms/ Personal finance, commentary, and spending less the easy way Sat, 21 Nov 2009 01:23:30 -0400 http://wordpress.org/?v=2.8.6 hourly 1 By: MLM Guy http://www.mightybargainhunter.com/2008/02/21/seven-pairs-of-easily-confused-money-terms/comment-page-1/#comment-184879 MLM Guy Fri, 17 Jul 2009 18:03:31 +0000 http://www.mightybargainhunter.com/2008/02/21/seven-pairs-of-easily-confused-money-terms/#comment-184879 Dana, I love your point about MLMs. They are definitely more like affordable franchises that people can start part time and grow. Great reference. Dana, I love your point about MLMs. They are definitely more like affordable franchises that people can start part time and grow. Great reference.

]]> By: Dana http://www.mightybargainhunter.com/2008/02/21/seven-pairs-of-easily-confused-money-terms/comment-page-1/#comment-135580 Dana Tue, 15 Apr 2008 07:04:47 +0000 http://www.mightybargainhunter.com/2008/02/21/seven-pairs-of-easily-confused-money-terms/#comment-135580 Thanks for explaining the difference between MLMs and pyramid schemes. I've been involved in the former and would like to be again; the good ones are basically like really cheap franchises and sometimes they offer really good product. The last one I was involved with (and I've been involved with three) offered the kinds of scented candles you might find at Whole Foods, and for about the same price range, only nicer quality. I was not aware of the difference between APR and APY. I will have to mark this in del.icio.us for future reference. Thanks for explaining the difference between MLMs and pyramid schemes. I’ve been involved in the former and would like to be again; the good ones are basically like really cheap franchises and sometimes they offer really good product. The last one I was involved with (and I’ve been involved with three) offered the kinds of scented candles you might find at Whole Foods, and for about the same price range, only nicer quality.

I was not aware of the difference between APR and APY. I will have to mark this in del.icio.us for future reference.

]]> By: FIRE Finance http://www.mightybargainhunter.com/2008/02/21/seven-pairs-of-easily-confused-money-terms/comment-page-1/#comment-127179 FIRE Finance Tue, 04 Mar 2008 00:39:20 +0000 http://www.mightybargainhunter.com/2008/02/21/seven-pairs-of-easily-confused-money-terms/#comment-127179 Fantastic post. We cited it in our Sunday Review as one of our favorites. Keep up the excellent blogging. Cheers, FIRE Finance Fantastic post. We cited it in our Sunday Review as one of our favorites.
Keep up the excellent blogging.
Cheers,
FIRE Finance

]]> By: Daily Links: True Geek Edition | Medij.com blog http://www.mightybargainhunter.com/2008/02/21/seven-pairs-of-easily-confused-money-terms/comment-page-1/#comment-126820 Daily Links: True Geek Edition | Medij.com blog Sat, 01 Mar 2008 09:39:50 +0000 http://www.mightybargainhunter.com/2008/02/21/seven-pairs-of-easily-confused-money-terms/#comment-126820 [...] of geekiness, the Mighty Bargain Hunter posted a list of seven pairs of easily confused money terms. A couple of these are obscure (mint variety vs. mint error? huh?), but others are useful and [...] [...] of geekiness, the Mighty Bargain Hunter posted a list of seven pairs of easily confused money terms. A couple of these are obscure (mint variety vs. mint error? huh?), but others are useful and [...]

]]> By: Apple http://www.mightybargainhunter.com/2008/02/21/seven-pairs-of-easily-confused-money-terms/comment-page-1/#comment-126661 Apple Fri, 29 Feb 2008 01:27:06 +0000 http://www.mightybargainhunter.com/2008/02/21/seven-pairs-of-easily-confused-money-terms/#comment-126661 A big one I hear is "tax return" vs. "tax refund." As in "With my tax return I am going to buy a TV." Oh really, all they want for that TV is a 1040? A big one I hear is “tax return” vs. “tax refund.” As in “With my tax return I am going to buy a TV.” Oh really, all they want for that TV is a 1040?

]]> By: Money Blue Book http://www.mightybargainhunter.com/2008/02/21/seven-pairs-of-easily-confused-money-terms/comment-page-1/#comment-126528 Money Blue Book Wed, 27 Feb 2008 21:22:47 +0000 http://www.mightybargainhunter.com/2008/02/21/seven-pairs-of-easily-confused-money-terms/#comment-126528 Hey this is a pretty handy list. I know most of these but there were a few I wasn't familiar with. -Raymond Hey this is a pretty handy list. I know most of these but there were a few I wasn’t familiar with.
-Raymond

]]> By: tracy ho http://www.mightybargainhunter.com/2008/02/21/seven-pairs-of-easily-confused-money-terms/comment-page-1/#comment-126370 tracy ho Wed, 27 Feb 2008 08:37:01 +0000 http://www.mightybargainhunter.com/2008/02/21/seven-pairs-of-easily-confused-money-terms/#comment-126370 Great post Its happy to know now , Keep it up , Tracy ho wisdomgettingloaded Great post

Its happy to know now ,

Keep it up ,

Tracy ho
wisdomgettingloaded

]]> By: chrylis http://www.mightybargainhunter.com/2008/02/21/seven-pairs-of-easily-confused-money-terms/comment-page-1/#comment-126365 chrylis Wed, 27 Feb 2008 07:54:13 +0000 http://www.mightybargainhunter.com/2008/02/21/seven-pairs-of-easily-confused-money-terms/#comment-126365 Unfortunately, the description of APR is incorrect. The entire purpose behind using APR is to compensate for the effect of different compounding periods and one-time fees. This distinction is properly made between APR and the "simple" or "nominal" interest rate, which does *not* take compounding into account. APY is similar to APR except that it does not take one-time fees into account (and is usually used for expressing yield on deposit accounts like savings accounts or CDs). Unfortunately, the description of APR is incorrect. The entire purpose behind using APR is to compensate for the effect of different compounding periods and one-time fees. This distinction is properly made between APR and the “simple” or “nominal” interest rate, which does *not* take compounding into account.

APY is similar to APR except that it does not take one-time fees into account (and is usually used for expressing yield on deposit accounts like savings accounts or CDs).

]]> By: Dividends4Life http://www.mightybargainhunter.com/2008/02/21/seven-pairs-of-easily-confused-money-terms/comment-page-1/#comment-125966 Dividends4Life Mon, 25 Feb 2008 18:24:12 +0000 http://www.mightybargainhunter.com/2008/02/21/seven-pairs-of-easily-confused-money-terms/#comment-125966 Excellent article! I had never noticed the distinction between APR and APY. Very informative. Best Wishes, D4L Excellent article! I had never noticed the distinction between APR and APY. Very informative.

Best Wishes,
D4L

]]> By: The Penny Saved Personal Finance Site » Blog Archive » Site Fixed and my favorite articles of the week http://www.mightybargainhunter.com/2008/02/21/seven-pairs-of-easily-confused-money-terms/comment-page-1/#comment-125616 The Penny Saved Personal Finance Site » Blog Archive » Site Fixed and my favorite articles of the week Sat, 23 Feb 2008 18:28:59 +0000 http://www.mightybargainhunter.com/2008/02/21/seven-pairs-of-easily-confused-money-terms/#comment-125616 [...] Easily Confused Money Terms at Mighty Bargain Hunter [...] [...] Easily Confused Money Terms at Mighty Bargain Hunter [...]

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