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What May Have Occurred In Tara's Checking Account?

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In this paper I will talk about Tara and how her one bad day extended to becoming worse for her entire month. She messed up her checking account and could only pay her rent. Once her car broke down she managed to get it towed and found out that it needed to be repaired and would cost closer to $400. She thought she could use her credit card but it was declined because she had exceeded her spending limit. Having exceeded her spending her spending limit Tara had to catch a bus to school. Once she got to school and entered her chemistry class she was told by her teacher that she would have to purchase another book for class even though she had already spent $150 on books for that same class before. What should Tara do now to start addressing …show more content…

Her teacher could tell her places like Amazon or Ebay. Provide her with an old but destroyed book as long as it was usable. She has classmates that if nice enough will share their book with her. How do you think the mistake may have occurred in Tara’s checking account? What advice would you give her to avoid a similar mistake in the future? Tara may have assumed she was receiving more than what she got because like most people who do math they would multiply how much they make by the amount of time they have worked and will immediately forget about taxes which will differ in states. Hopefully she would not repeat that mistake. Given that Tara does not have a lot of leeway in her finances for multiple disasters such as the ones that befell her this month, what general course would you advise her to take as a way to plan her expenditures more effectively? Make sure she knows how much money she would actually get the next month. I would also include getting a loan which she could pay off monthly but at a reasonable amount. Her finances in general are crazy because she allowed her credit card to be used so much that she couldn’t pay for something when it became an

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