article thumbnail

2012 Financial Goals

Family Balance Sheet

The kids were in the back seat watching a movie and we were in the front seat reviewing 2011 and strategizing for the upcoming year. Start a Car Replacement Savings Account. Start College Savings Accounts for our Girls. Our oldest daughter is in Kindergarten and we have not started to save for her higher education.

article thumbnail

3 Simple Office Supplies for Smooth Tax Prep

Family Balance Sheet

For our personal tax returns, I keep an ongoing "Taxes" file for any paper work that we need to support our tax deductions, such charity receipts, Goodwill donations receipts, real estate and school tax statements, year-end statements for mortgage interest, student loan interest, interest-bearing checking and savings accounts.

article thumbnail

Why We Left Traditional Health Insurance

Family Balance Sheet

We did take advantage of one benefit of a high deductible health plan: a Health Savings Account. A Health Savings Account (HSA) is for individuals who are covered under high-deductible health plans (HDHPs) to save for medical expenses that HDHPs do not cover. And this is when the junk hit the fan.