Put Some Serious Coin Back in Your Pocket at your Workplace

Life would be a little easier if we had a little more money — I think we can all agree on that. The moment we step into our adult lives we get pounded by endless financial obligations. We have rent, school loans, credit card debt, car payments and so on. We don’t get a chance to catch our breath.

However, there are a lot of strategies out there that can help put some serious money back into our pockets. I’m not going to lecture you about making a budget or try get you into a wild cryptocurrency scheme (countless friends have tried with me). I’m going to share my knowledge about the magic of three tax-advantaged benefits available at many workplaces.

I find that many of these options below are not utilized by people I know because the numerous rules and laws around it are daunting for the average financially-illiterate person. But the monetary difference it makes to an individual can be huge. So I will do my best to concisely communicate these benefits in layman’s term. Here goes nothing.

1.) Health Savings Account

A Health Savings Account (HSA) is a savings account that you can open only if you have a high-deductible health plan (HDHP). You can contribute pre-tax money up to $3,450 if you have individual coverage in your HDHP, $6,850 for family coverage. They will…