In 2015, my husband's employer first offered a high deductible health plan, also called an HDHP or HSA plan (since it qualifies us to enroll in an HSA). Since we knew that HSAs are pretty great, it sounded like a good deal to us. We decided to switch from the traditional PPO (preferred provider organization) plan to the high deductible plan. Have you considered a high … [Read more...] about HDHP vs PPO: What’s the Best Health Plan With Kids?
When most people think about saving for college, they immediately think of saving in a 529 college savings plan. A 529 plan is account run by the state for purposes of saving for college expenses. You may have also heard about Educational Savings Accounts (or ESAs) and wondered if they have any advantages over a 529. Or what about using a Roth IRA for college savings? Let's … [Read more...] about 529 vs ESA vs Roth IRA: Which Is Best for College Savings?
My husband's car has built-in SiriusXM Radio, and he really enjoys it for his commutes to work. Although I don't mind a few luxuries in our lives, the price of $15.99/month is a bit much for our budget. Thankfully, I figured out how to get a SiriusXM discount and we now only pay around $5/month, for a savings of almost 70%. The process to get a SiriusXM discount is really … [Read more...] about How to Easily Get a Discount on SiriusXM Radio
If you need to get out of debt, you're going to need a plan. You may have heard about the debt snowball and debt avalanche method, but which is better? And which one is right for you? Let's imagine a family has the following debts: Credit card #1: $1,000 balance, 10% interest, $100 min. payment Credit card #2: $5,000 balance, 15% interest, $200 min. payment … [Read more...] about Debt Snowball vs Debt Avalanche: Which is Better?
One of the most common questions I hear from new budgeters is, "How do I convince my husband / wife to use a budget?" When one spouse is on board and the other isn't, it can be very difficult to get started. People often compare paying off debt or saving money to the process of losing weight, but you can lose weight by yourself. If you're married, it's pretty difficult for one … [Read more...] about How to Convince a Reluctant Spouse to Use a Budget