Why do gas prices change every day?
I drove past the gas station yesterday and regular was $2.35. Today it's $2.49. What changed overnight? Who decides gas prices? Is it the gas station owner or the oil companies? Does the price of crude oil really affect pump prices that fast? I feel like prices go up instantly but take weeks to come down.
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2 Answers
The biggest financial mistake I see people make is not having an emergency fund. Before investing, before paying extra on debt, save 3-6 months of expenses in a savings account. This protects you from going into debt when unexpected things happen.
Taxes are the part everyone forgets about. Whatever you're planning, factor in what you'll owe Uncle Sam. Talk to an accountant — a good one saves you more than they charge. H&R Block is fine for simple stuff but get a real CPA if it's complicated.
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