Savings

HSA Contribution Limits (Updated for 2022 and 2023)

HSA is a pre-tax account savings account that allows you to set aside money for qualified medical expenses. You can use these funds to pay deductibles, prescription drugs, eyeglasses, or other qualified expenses. You can even use HSA funds to purchase OTC medications. In most years, IRS announces inflation adjustments for HSA contributions. So what …

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5 Paychecks Weeks In 2022 + What To Do With The Extra Money

If you get paid on Fridays every week, there are five months in 2022 when you will get five paychecks. Five paycheck months in 2022 are April, July, September, and December. The best way to put the extra money to use is to make your monthly budget based on four weekly paychecks rather than five. …

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Costco Gas – Savings, Rewards And Whether You Need To Membership To Use The Pump

In my area, Costco gas is about at least $0.25/gal cheaper than at other gas stations. That’s regular gas. If your car needs premium gas, your savings could be more than $0.75/gallon. Because of that, we sometimes see long lines at the Costco gas station. But how much money are you saving each year by …

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3 Paycheck Months in 2022 + What To Do With The Extra Paycheck To Improve Your Finances

Most employees get paid twice a month or biweekly.  If you get paid biweekly, there are two months in 2022 in which you will get three paychecks. If you get paid twice a month, you will get 24 paychecks a year – usually on the 1st and 15th of the month.  But if you get …

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I Bonds – Safe Investment That Offers Decent Return

Money market funds and saving accounts pay almost zero percent interest these days. But these accounts are ideal places to put your emergency fund because they offer liquidity.  Let’s say that you already have an emergency fund, and you are looking at investing your excess cash. You decide that you don’t want to invest that …

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