I got myself into a funny situation this year with my medical flex spending account. Basically, those are accounts you set up through your employer, funded through payroll deductions, that you can use to pay for medical expenses. The benefit is that you don’t pay taxes on that money, but the downside is that you lose any money you don’t use by the end of the year. So it requires accurately estimating the amount of money you’ll need.
I utterly failed to do this. Continue reading →
