Describe some examples of checking and savings account transactionsthat result in assessments of fees or penalties. Which are theleast and most avoidable?
2. Analyze your personal budget as a financial planning tool formaking decisions in the following situations. In each case, howwill they affect your budget (consider eachindividually)?
a. A neighbor and coworker suggest that he and you commute to worktogether.
b.The roofers inform you that your chimney needs be to repointed andrelined as well as your new roof, and the cost will be anadditional $4,000 - billed monthly.
c.You have a part-time job where you make a consistent $700 a monthand are considering giving that up and putting more time into yourhobby which has an upfront cost of $5,000 to get off the ground asa business, but, assuming it goes well, could earn you $1,000month.
d.Your car is just about on its \"last wheels\", you can buy a used carfor $250 a month for 3 years, but it is not that great on gasmileage (18 mpg) and you drive 20,000 miles ayear.  Oryou can buy a new car that has payments of $375 a month for 5 years, but it gets great gasmileage (34 mpg). Decide what you would do and explain the impactto your budget.
3.Review your list of personal financial goals. For each goal, howdoes the U.S. Tax Code help or hinder you in achievingit?
