Comments on: Last-Minute FSA Spending Ideas

By: Funny about Money

Funny about Money — Tue, 30 Dec 2008 00:27:34 +0000

LOL! You put your finger on what’s wrong with an FSA if you’re generally healthy and your health insurance plan is decent: at the end of the year, you have to run out and blow MORE THAN THE ALLEGED TAX SAVINGS (which in my case has always been about nil, anyway) on junk you don’t need.

Thanks. I’d rather have my full paycheck and put the amount that might have gone into an FSA into an emergency savings fund.

By: jim

jim — Mon, 29 Dec 2008 19:41:41 +0000

We usually spend it all too but occasionally we have a few dollars left and have to use them on some of these random items.

By: Carla

Carla — Mon, 29 Dec 2008 19:25:24 +0000

This is interesting! I never even thought some people have leftovers at the end of the year. The max I can take out annually is $3000 and I usually spend all of it buy June.

By: Yoni

Yoni — Mon, 29 Dec 2008 18:16:04 +0000

The “trusty arm wrap pump” has a much cooler real name: Sphygmomanometer
(isn’t that fun to say aloud?)

By: Trevor - 14 Year Old Money Blogger

Trevor - 14 Year Old Money Blogger — Mon, 29 Dec 2008 17:57:07 +0000

Certainly. Good luck to anyone that needs to spend their money.

Too bad we don’t have FSA’s in Canada. Our system is very different.