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Simple Ways to Save Tip #9:
How to Save Money on Insurance, Part 2
Another huge insurance expense is, of course, your health care. One way you can save money there is to sign up for a flexible spending account (FSA) through your employer.
With an FSA, you can use PRE-TAX money to pay your out-of-pocket medical and child care costs. Your employer takes a specific amount out of your paycheck before taxes and you pay for deductibles, co-pays and other out of pocket expenses. You then get reimbursed from your FSA, which saves you between 15% and 39.6% on these costs, depending on your tax bracket!
For more ways to save on health care and insurance, don’t miss 5 Ways to Slash Your Health Care Costs.
Our Top 10 2009 Smart Money Moves
It's been a heck of a year, hasn't it? We've had plenty of ups and downs, which is why we want to help you kick off 2009 on a high note. Read More.
11 Little-Known Tax Deductions That Can Save You a Bundle!
Who doesn't get pleasure out of not paying taxes? Lower them even more with these tips for finding deductions where you may not think to look. Read More.
10 Simple Steps to Living Debt-Free in 2009
Buried under piles of bills? These days, who isn't? Tackle them once and for all with our 10-step guide. Read More.
Debt Management
Family & Money
Invest Wisely
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Your Top Money Questions - Answered!
Have you ever wondered:
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How You Can Become a Millionaire!No, we aren't pulling your leg! Even in today's economy, it is possible to reach millionaire status by retirement. Use our calculator to see for yourself how setting aside just a small amount each month will quickly put your savings in the seven figure range. We think you'll be surprised! |
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