Equity, adjusted gross income, stocks, bonds, current ratio, operating cash flow, assets, liabilities, net worth -- it's easy to get lost in the jungle of financial terms out there when you're trying to manage finances. Whatever happened to just measuring income and expenses? Well, when you ask yourself "how much am I worth?" it's not just a question of how much money you have in your wallet, or even your bank account, at that moment. It turns out that, depending on how and when you invest, spend or save your money, your worth varies. Liquid assets make up just one special category of your worth. Understanding it will help you get a better idea of your own financial situation.
Here's a handy checklist to help you gather all the documents you need to do your taxes and get the biggest refund you can!
Even though your bank offers a variety of convenient services, chances are they're not free. And regulations now require banks clearly state all of their fees upfront, but that doesn't mean we expect them.