Questions from Personal Finance


Q: You have been asked to give a brief speech on how to

You have been asked to give a brief speech on how to achieve financial success and financial security. Use the five steps in the financial planning process and the building blocks to achieving financi...

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Q: What can a person try to do to genuinely control spending to

What can a person try to do to genuinely control spending to better achieve financial success?

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Q: Many college students choose not to file a federal income tax return

Many college students choose not to file a federal income tax return, assuming that the income taxes withheld by employers “probably” will cover their tax liability. Is such an assumption correct? Wha...

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Q: Some college students earn money that is paid to them in cash

Some college students earn money that is paid to them in cash and then do not include this as income when they file their tax returns. What are the pros and cons of this practice?

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Q: Name three tax credits that a college student might take advantage of

Name three tax credits that a college student might take advantage of while still in school or during the first few years after graduation.

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Q: Identify three strategies to reduce income tax liability that you may take

Identify three strategies to reduce income tax liability that you may take advantage of in the future.

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Q: List two examples of checking account transactions that result in assessment of

List two examples of checking account transactions that result in assessment of fees that are avoidable?

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Q: You know someone who recently had $90 in overdraft fees for

You know someone who recently had $90 in overdraft fees for two small debit card transactions. Explain to him why such high fees resulted from such small transactions and the relative benefits of havi...

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Q: When would you recommend using an individual account, a joint tenancy

When would you recommend using an individual account, a joint tenancy with right of survivorship account, and a tenancy by the entirety account for your monetary assets?

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Q: Many people desire protection from the possibility of overdrawing their checking account

Many people desire protection from the possibility of overdrawing their checking account. Banks make it easy by allowing you to opt into overdraft protection. Explain how this and other overdraft prot...

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