Scrolling through Facebook the last few days, I’ve seen an alarming number of people re-posting the same misleading information about Health Savings Accounts (HSAs). See below:
Author: budgetbaroncpa
Car Payments Will Make You Poor – Here’s How to Avoid Them
Most people think that owning a car means you’re going to be stuck with a car payment for the rest of your life. The auto industry is filled with enticing deals that allow you to stretch your payments over 4, 5 or even 6 years in order to get you into the luxury vehicle of your dreams on an average Continue reading
Politics and Investing: What You Can Learn From the Collapse of SolarCity
Going green is the trendy thing to do these days, and with the many enticing tax benefits of “going green”, sometimes it might even make sense to do so.
This post is not to debate the benefits or drawbacks of green energy. It’s simply to point out the danger of making investment decisions based on your Continue reading
Stuck in Credit Card Debt? Here are 5 Tips to Become Debt Free
I am by no means against credit cards. I use credit cards for virtually all purchases I make: groceries, restaurants, vacations…you get the idea. Cashback and travel rewards are great perks that make credit cards a no brainer for me; however, I don’t rack up a big balance that I know I can’t pay off in full at the end of the month. This is the key to
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Pay Yourself Before You Pay Your Bills
Bills, Bills, Bills… We all have them and we all pay them. I am by no means telling you to not pay your bills; however, I am telling you that you have to set aside a portion of your monthly income to go towards savings for something that will help you obtain passive income and ultimately savings for emergency/retirement. This is called Continue reading
Politicians and the Illusion of Unfair Student Loan Interest Rates
It’s presidential election season and many important issues are being discussed. Of course student loans are always a hot topic, as every politician knows that this is the most effective way to appeal to young voters. This blog is not meant for political discussion; however, if I see a way where readers of this blog can learn and benefit from Continue reading
Life is Unpredictable: Your Financial Health Shouldn’t Be
One of the biggest problems and sources of stress Americans face today is not having sufficient cash reserves for unexpected life events. It is reported that a startling 76% of Americans are living paycheck-to-paycheck. Most Americans do not plan for losing their job, unexpected medical bills or a major automobile expense and quite honestly, I understand why. It’s not Continue reading
