The on Medical Savings Account (MSA) has become effective on January 1, 1977, during the term of then president Bill Clinton. Despite the advantages it claimed, the law restricted many people from availing of the benefit. Its guidelines were pretty strict and at the time, only 750,000 individuals were eligible. Thankfully, in recent years, new amendments have been enacted, thereby allowing more Americans to avail of the MSA from a chosen financial …

One of the best ways to prepare for possible medical needs and expenses is having a health savings account. If you are looking for a place where you could open a health savings account then insured banks and credit unions can be a good place to start. If the bank you are inquiring with offers individual retirement programs then they may likely to offer a health savings account as well.  Aside from …

Setting aside few bucks daily, weekly or monthly is a very good practice to prepare for the future.  As they say, it is always best to start saving when you’re still young – if you have extra money to save, then best do it while you are in your early years of schooling. Starting to save at an early age does not only allow you to save more, it also teaches you …

Researches show that the best stage to teach a person good values and practices is when they are still kids – the age when they can easily adopt things which are taught to them. Yes, you’ve probably told your kid about the importance of saving but explaining this alone would not be sufficient. As a parent, you can go ahead and open a child bank account for him. Have your kid start …

There is nothing so sure in businesses. Sometimes, even established ones can still get messed up. Whether it is a small or medium to big business, expect problems to come. It doesn’t matter if you only have a minor problem – it is important that you are equipped with contingency plans. A business can only run when it has enough capital. You will need to purchase computers, cars, and other capital goods …

When your business is still small, you can think of opening a dedicated savings account for supporting your business. A business savings account can help you in a number of ways if you were to face any troubles in the future. It can firstly help you reduce the impact of a financial blow that can occur in certain emergency situations. This is because it will encourage you to build an emergency fund …

A health insurance plan is almost mandatory for all individuals in the United States of America. Though it is not enforced, you will find it extremely unviable to survive without a health insurance plan or a HSA (health savings account). When we talk of insurance, the deductible is a very important criterion that has to be considered. You need to know what your deductible is going to be when you get …

Teaching your child the concept of financial responsibility is a very important thing to do at a very young age. The faster you do it, the better for the future of your child. When the child becomes a teenager, it will be really hard to convey the concept given the number of distractions that they will face. You can start by teaching the following basic rules of investment.  The importance of compound …

The ING Orange savings account is considered the best financial product as it offers incredible rate of interest and yet keeps the entire process quite simple as well as straightforward.  Mortgage loans are offered by ING Direct at extremely low as well as adjustable rates and the process is also very simple.  The ING Direct is a bank which does all its business online, over phone or via mail.  The ING Direct …

Saving for the children before they reach college is the wisest thing to do for any parent.  The parents have to start worrying about the expenses they would incur when the children start college.  So, unless the parent starts saving from the time the children are small, it could become virtually impossible to fund their children’s education.  No one is aware of exactly how much it would cost to put one’s child …