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10 Best Bank Bonuses & Promotions of 2016

Coupons Do Work

When it comes to saving money and banking, we are always looking for the best bank ; and what can save you money and what bank gives you money :). Here is a list of the top 10 for 2016. Open a new, account (that qualifies) with a minimum of $50 on or before December 31st, 2016. BMO Harris – $200 Bonus.

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Why We Left Traditional Health Insurance

Family Balance Sheet

COBRA (an acronym for Consolidated Omnibus Budget Reconciliation Act of 1985) is a law that was passed during the Reagan administration that allows employees to continue their health coverage after leaving employment, but the employee must pay for it. After much thought, we decided on the cheaper plan and subscribed to an Aetna HMO for 2016.

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How to Build your Emergency Fund

Family Balance Sheet

This post was first published in 2016. Create a separate savings account and call it your Emergency Fund. Be diligent about how you use this account. need to redirect this link. Life suddenly changed for most of us in March 2020 and this past year of the pandemic has reinforced how important an emergency fund is.

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Over 40 and Worried about Money? Start here!

Family Balance Sheet

.” Recently Go Banking Rates conducted two studies on savings rates with startling results. Almost 70% of Generation X have less than $1000 in personal savings account. *. of Generation X report a retirement savings account balance of $0.**. of Gen X report they have saves less than $10,000 for retirement.**.

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An Update on Medi-Share – September 2017

Family Balance Sheet

After a lot of thought at the end of 2016, we decided to take a leap of faith (pun intended) and try Medi-Share, a health sharing ministry that is promoted as a biblical and affordable solution to traditional health insurance. However, due to depleting the $10k we had set aside, we must now build our savings for future medical bills.

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Our 2018 Financial Goals

Family Balance Sheet

2 – Save $10k in a savings account, specifically earmarked for medical expenses. We blew through our health savings account, and now need to save another $10k so we’re not caught off guard if another emergency were to happen. This will take us most of the year. Earn Additional Income.

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Medi-Share Update: One Year Later

Family Balance Sheet

That was a hit to our budget, but we reworked our numbers to find the funds and make it fit. However, on November 1, 2016, we logged on to healthcare.gov to renew for 2017 and found premiums had doubled and the options were limited. As you can see we saved significantly in 2017 with Medi-Share on our monthly payment.