Insurance and Taxes

In this Everfi module, I learned some important things that will be very valuable to me in the future about insurance and taxes. One thing that I learned was the 1040EZ is an end-of-year tax form that is used to determine the amount of income tax owed to the IRS. Also, When starting a new job, you will fill out the W-4 tax form. This form determines how much money will be withheld from your paycheck for taxes. 

Renting Vs. Owning

Owning tends to be cheaper in the long-term, since at the end of your payments you own the property – which builds your wealth and enables you to potentially sell the property in the future.When deciding to buy a car, there are many additional costs to consider – like registration fees, the price of gas, maintenance and repair expenses, and even auto insurance payments! Car leases can have lower monthly payments but tend to be more expensive in the long run.