Capital gains can have a serious impact on your tax situation. It is advisable to plan ahead, as present law provides different tax rates for different types of property with rules provided by a complex tax code. For more information on capital gains and their treatment, read this C.P.A. Insight.
Debit cards work like cash—when you use one, money is automatically deducted from your checking account. While this may save you from having to carry cash in your wallet, owning a debit card does come with risks. For a list of pros and cons of owning a debit card, as well as some security tips, read this Financial Strategy.