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Tag: saving

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How can I save money with a Flexible Spending Account (FSA)?

  • Posted on November 29, 2018October 18, 2024
  • by BrightDime

If we told you that you could save up to 30% on medical expenses, would you be interested? The cost of healthcare can be overwhelming and even with insurance people…

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Saving Money for Healthcare with an Health Savings Accounts (HSA)
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Saving Money for Healthcare with an Health Savings Accounts (HSA)

  • Posted on November 29, 2018January 4, 2024
  • by BrightDime

An HSA is similar to a Health Care Flexible Spending Account (HCFSA); you can pay for health care expenses from this account before taxes, but the HSA has several notable…

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  • Glossary

health savings account (HSA)

  • Posted on November 20, 2018July 26, 2022
  • by BrightDime

An HSA is special savings account that allows you to set aside money before taxes to use on qualified health care expenses. It can only be used when enrolled in…

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  • Glossary

emergency fund

  • Posted on November 8, 2018July 26, 2022
  • by BrightDime

An emergency fund is a larger version of your rainy day fund. It’s there to cover larger, longer term unexpected expenses like the loss of a job, or unexpected medical…

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  • Glossary

rainy day fund

  • Posted on October 30, 2018July 26, 2022
  • by BrightDime

A rainy day fund’s job is to protect you against small financial inconveniences by ensuring you have the cash to deal with them without having to borrow money. Using a…

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  • Glossary

saving

  • Posted on October 29, 2018July 26, 2022
  • by BrightDime

Saving is the deliberate act of setting money aside for a specific goal or purpose. It’s money you don’t spend…yet. We save because we have future goals we’ll need to…

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What is 50/30/20 Budgeting?
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What is 50/30/20 Budgeting?

  • Posted on October 5, 2018July 26, 2022
  • by BrightDime

A budget is a plan that you create for your money, setting up a framework for ongoing spending and saving for your financial goals. Some budgeting methods are rigid, very…

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