Vertrue Says, Keep Finances Limber With Flexible Spending Accounts
Norwalk, Conn. (
So what is a flexible spending account (a.k.a. FSA) anyway? By definition, an FSA is a tax-favored program offered by employers that allows their employees to pay for eligible out-of-pocket healthcare and dependent care expenses with pre-tax dollars. And these accounts offer immediate discounts on such expenses that equal the taxes otherwise paid on that money.
-- Here comes that rainy-day feeling. Saving money for a rainy day is one way to do things; how to spend it once it's saved is decidedly another. While the federal government doesn't place an actual limit on how much can be saved with a flexible spending account, there is an important caveat: Anything that isn't spent or used by the end of the year is forfeited. So while it's probably not the best idea to save excess funds for an end-of-year shopping spree, it can't hurt to have a back-up plan.
-- Name that swoon. When it comes to what's reimbursable, it pays to do some research. Certain medical procedures and treatments (e.g., acupuncture, massage therapy and chiropractic care) may be eligible for reimbursement. Talk to health professionals and insurance companies if such procedures are called for. Be prepared to pay for any and all non-emergency medical procedures, but there still may be a pleasant surprise or two waiting, depending on the insurance carrier.
-- Make it count. Today's flexible spending accounts do a pretty good job of living up to the name: "Financial flexibility" is such that proper planning and forethought should nearly take forfeitures out of the equation. That's why it pays to plan ahead, readying potential "extras," such as elective surgeries, wellness visits to the doc and the like. Keep a close eye on the account, and try to ensure that nothing is squandered.
-- It's a family affair. Many companies offer dependent-care flex spending accounts. And these may allow employees to set aside pre-tax dollars to cover things like day care expenses for dependents -- even elder care in some cases.
Remember that knowing how to make financial flexibility work is a lot like keeping fit and limber physically: It's all a matter of developing good habits and sticking with them, suggests
Headquartered in Norwalk, Conn.,
Ty Coughlin has earned a fortune through his series of Web-based businesses, and has recently automated his most successful business model so that it can generate revenue with almost no maintenance or intervention. He is now seeking 120 qualified applicants on his Web site at CashIndependence.com to join him in this lucrative and proven money making opportunity.
Coughlin is looking for 120 motivated applicants from all walks of life to join him in expanding the turnkey home business that paid for his luxurious oceanfront home in Hawaii and allows him to make six figures per month while working only a few hours each week. He has established an e-mail contact form on Cashindependence.com for anyone who is serious and truly interested in learning more about how to be considered for this home business income opportunity.
What distinguishes the opportunity at CashIndependence.com from most other automated home business online is that Coughlin's model is an
"I'm not some information-selling guru who wants to sell you useless information products," explains Coughlin. "I'm going to show a select group of people exactly how this automated system for your home business can work. This system will work for anyone; as long as you have a home computer and know how to check your e-mail, this system will work for you."
The user-friendly interface of Coughlin's computer home based business system is a critical element of its accessibility to all interested entrepreneurs. No special skill, experience or education is required of qualified applicants to the program. Only a basic understanding of Web browsers and e-mail applications is necessary. Comprehensive training and mentoring resources are provided to all applicants who are approved. After you have had a chance to review the information sent to you, there is a $50.00 application fee if you want to be considered. The $50.00 fee is refundable if you are not approved. Coughlin comments, "This is only set up to avoid applicants who are not serious about starting a home based or internet business. We find this effectively weeds out the people who are just tire kickers."
To learn more about how you can establish an automated system for your home business, you may get the information sent to you immediately by going to:
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The Institute for Financial Literacy announced the winners of the 2008 Excellence In Financial Literacy Education ("EIFLE") Awards at the Annual Conference on Financial Education in Atlanta, Georgia on September 10, 2008. The EIFLE was created to acknowledge innovation and quality of financial literacy education efforts and the commitment of those that offer them.
Atlanta, GA (
Educator of the Year: Dr. Julie Heath of the University of Memphis.
Organization of the Year (Not for Profit): InCharge® Education Foundation, Inc.
Organization of the Year (For Profit): Zions Bank®.
Institutional Book of the Year in the Money Management Adult Category: More Than Money Matters™ by Thrivent Financial for Lutherans.
Institutional Book of the Year in the Money Management Children Category: It's a Habit, Sammy Rabbit! by Sam X. Renick.
Trade Book of the Year in the General Adult Category: That's What It Means! - A Practical Guide to Everyday Finance Terms by Peter Woan.
Curriculum of the Year in the General Children Category: It Just Adds Up by Sue Lynn Sasser
"The Excellence In Financial Literacy Education Award recognizes the hard work and effort of the individuals and organizations trying to improve Americans' financial literacy" said Leslie E. Linfield, Executive Director of the Institute for Financial Literacy. "This work has become increasingly relevant to Americans over the past year, and the Institute is pleased to help raise the visibility of these efforts through the EIFLE Award."
The Institute for Financial Literacy is a tax exempt non-profit organization whose mission is to make effective financial literacy education available for all American adults. The Institute accomplishes its mission by working with organizations to incorporate financial education into their existing services. The Institute also provides direct delivery of financial counseling and education to the general public. As the national authority on adult financial education, the Institute advances professionalism and effectiveness in the field of financial literacy by setting the National Standards for Adult Financial Literacy Education™, hosting the Annual Conference on Financial Education™, maintaining the Library of Personal Finance™, and administering the Center for Financial Certifications® and the Center for Consumer Financial Research™. For more information please contact us at 207-879-0389 or visit our website at