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Debit and ATM card transactions are linked to your checking account.

​A foreclosure happens when: 

​Mandi and Thomas were married and had a child aged 7. Mandi died in 2013 leaving Thomas a single parent. In 2014, the most favorable filing status for Thomas will be:

Tax avoidance is legal, tax evasion is illegal.​

A financial goal that would be important in all stages of the life cycle is creating and maintaining an emergency fund.

Estimating expenses using actual expenses from previous years and tracking current expenses make the task of preparing a cash budget easier.​

​A cash budget has value only if you use it, review it regularly, and keep careful records of income and expenses

Estimating expenses using actual expenses from previous years and tracking current expenses make the task of preparing a cash budget easier.​

​You have a balanced budget when your total income for the year equals or exceeds your total expenditure for the year.

The need for financial planning declines as your income increases.