
12-11-2008, 11:56 PM
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Administrator
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Join Date: Feb 2005
Posts: 364
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Save money in the next three weeks
Any members here from US have to deal with this?
Quote:
Jo-Lynne Shane is furiously looking for ways to spend $500 in the next three weeks. If she doesn't, that money will disappear at the stroke of midnight December 31.
Shane, a mother of three who lives in a suburb of Philadelphia, Pennsylvania, has that much money left in her family's healthcare Flexible Spending Account. By the rules of the IRS, any money she doesn't spend by the end of this year vanishes.
"If you don't use it, you lose it," said Shane, who gives cost-cutting tips to other mothers on her blog, Musings of a Housewife.
She admits that it can hard to focus on finances during the holiday season. But if you don't want to lose money in the next three weeks, follow these five tips from health insurance experts.
1. Flexible Spending Accounts (FSA)
2. Vision benefits
3. Elective surgeries
4. Prescription drugs
5. Wellness requirements
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CNN: How to save money in the next three weeks
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