this post was submitted on 05 Dec 2023
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Let's get a list going. Like with a Target debit card you can get $40 cash back and it takes 1 to 2 days to be withdraw from your checking.

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[–] [email protected] 18 points 11 months ago (5 children)

Sign up for a health savings account and USE IT. (United States specific advice.)

It lowers your taxable income. The only caveat is you have to remember to use that money to buy things you were already going to buy anyway. Convenient hack to know what you can and can't use: Doordash now labels HSA-eligible items at CVS. You don't have to actually use Doordash to see which items you can buy with your HSA card.

[–] [email protected] 8 points 11 months ago (3 children)

You actually don't have to spend money with an HSA, ever. You can invest it, and it rolls over. FSAs must be spent within the year you contribute, though.

[–] [email protected] 7 points 11 months ago (2 children)

Sorry, I didn't say that clearly. What I mean is you have to remember to use the damn HSA card when you go to buy Tylenol instead of your normal payment method. This is...where I tend to fail lol

[–] [email protected] 2 points 11 months ago

It's also good to not use it, if you can afford to keep it and spend normally. HSA space is extremely limited, because it's by far the best retirement account available. FSAs are fantastic for spending, as they don't have as many restrictions and don't carry over year over year.

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