A couple months ago, I was working on our finances, and I was using a notepad that was supplied by my wife's employer. Her employer likes to send out notepads and calendars with inspirational topics and tips. Each month or each pad has a different topic. This particular notepad had a financial theme and every once in a while you will stumble upon a page with tips. This particular page of tips was talking about strategies to save money at the grocery store. One statement stuck out to me, because I have recently been questioning buying in bulk. The below statement got me thinking:
Well, April is in the books and I am smack dab in the middle of baseball season. This mean late nights and less time with my family. However, I truly love baseball season. I really enjoy the smell of the grass, the time outdoors and coaching up kids to play the great American pastime.
A couple of months ago, I was talking with one of my relatives about retirement. During this discussion the topic of a pension came up and our conversation sounded something like this:
Me - "I hate my pension, because I have to put in 7.7% of my income into my pension."
My Relative - "At least you have a pension. I wish I had a pension."
The conversation didn't go much farther, but this conversation made me wonder. Do people really still believe in pensions? I feel like throwing my money in a pension is a waste and I wish I could choose to deny those contributions.
Growing up in Nebraska, I remember celebrating Arbor Day every year while I was in school. It was a big celebration in my state and school, because Arbor Day was first celebrated in Nebraska. I have lived in Texas for over 8 years and Arbor Day is not a big deal in the state and even the schools. Therefore, I decided to take a break from my originally scheduled articles on finances and discuss ways to celebrate a holiday that gives back to the environment!
A couple years ago, my employer began offering a FSA (Flexible Spending Arrangements) for healthcare expenses. Once they began offering this product, I had to do some research to decide whether it would be a good deal. I initially couldn't decide, because I didn't want money just sitting around not growing!While researching the FSA, I stumbled upon the HSA (Health Savings Account). I discovered that the HSA is a much better product. Despite this discovery, I still found that investing in a FSA was worth it for the Summit of Coin family (that may change toward the end of 2018).