health savings account

What is a Health Savings Account (HSA) and How Does it Work?

Health Savings Accounts (HSAs) are tax-advantaged accounts that can be used to pay for medical care if you have an HSA-eligible plan, or a high-deductible healthcare plan (HDHP).  You’ve probably heard more and more about HSAs in recent years, as HDHPs have increased in popularity. In fact, more than half of workers in the private…

YNAB vs Mint: 4 Reasons YNAB Beats Mint Hands Down

YNAB vs Mint: 4 Reasons YNAB Beats Mint Hands Down

Update: Since publishing this Mint vs YNAB comparison, two significant events have occurred. First, a new version of YNAB was released. The product now requires a monthly subscription, which we don’t like. Second, Empower has launched a free financial dashboard that does what YNAB does, plus a whole lot more. You can read the details…

How to Create a Family Vacation Budget (and a Free Vacation Budget Planner Spreadsheet)
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How to Create a Family Vacation Budget (and a Free Vacation Budget Planner Spreadsheet)

Vacationing together can help you unwind, reset sometimes tense parent-child relationships, and strengthen family bonds. And more Americans seem to be remembering that. From the late 90s until 2014, the number of vacation days Americans took annually dropped precipitously. But it’s on its way up again, with the average for 2017 at about 17 days…

Chime vs Simple: A Review of Millennial Financial Options

Chime vs Simple: A Review of Millennial Financial Options

When it comes to banking, millennials are a little different. For instance, were less likely than our parents to choose a big bank or even a local credit union. In fact, a 2016 FICO survey showed 16 percent of millennials were considering opening an account with an online-only bank. What do our banking quirks mean…

7 Reasons the Envelope Budgeting System is a Terrible Idea

7 Reasons the Envelope Budgeting System is a Terrible Idea

On its surface, envelope budgeting seems like a good idea. That is, until you try it. Believe me, I’ve tried it. And tried it. And tried it. And every time I’ve tried it, there’s some reason that envelope budgeting doesn’t work for me and my family. If you’re considering envelope budgeting because you think it’ll…