Family & Personal Finance Article Archive

Health Savings Account vs. Flexible Savings Account: Which is best for me?

Having a health insurance plan does not mean that all medical expenses are covered. Health savings accounts (HSA) and flexible savings accounts (FSA) are designed to help consumers budget for deductibles, co-pays, prescription costs, plan out-of-pocket costs, and other unexpected medical expenses. In addition to helping a consumer manage planned and unexpected medical expense, both HSAs and FSAs lower an individual’s taxable income, which in turn reduces the amount of annual taxes paid to the IRS.

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Planning for Holiday Expenses on a Tight Budget

The holidays are a time to spend with family and friends sharing good food and gifts. Unfortunately, this time of sharing can create stress for individuals and families who are living on a tight budget. The extra gifts, food, and travel expenses can make a budget that is already stretched, snap. Planning ahead and making decisions about spending will help the holidays be more enjoyable.

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For Extension Educators: Youth Financial Education Toolkit

Financial education for today’s youth is an extremely important undertaking. There are concepts that need to be understood and practiced for adults to lead financially healthy lives. Learning these concepts while younger may help alleviate some bad financial decision making later in life. As youth educators, we have a unique opportunity to help teach basic and complex financial concepts to youth across the state.

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