Money Management tips tricks and hacks?

My current take on debt- We never take out a loan for anything we don’t have capital to buy outright and only if the interest rate makes sense. We refinanced at 2.25%. I figure a 6% growth in the market because I’m conservative and account for inflation etc. If I paid cash for my house I would lose money in the long run. A lot of money. Do the math. Always do the math. Don’t give up the potential of a huge chunk of money compounding vs starting from zero and contributing XX a month. Not for the undisciplined, but it’s savings 2.0. My two cents.

 

Yes it goes in pretax. It can be withdrawn tax free for qualified medical expenses. I put my current medical expenses on a rewards CC and pay it off out of checking. But I keep the receipts. It is legal to reimburse yourself for those expenses from the HSA. Today, or 10 years from now.

I believe there are some additional things the money can be used for in retirement, like Medicare supplement coverage. But I’m not an expert and that may change before I get there.

Worst case I’ll have an expensive medical event and will have plenty of HSA money to cover it.