26% of Americans With Children Regret This Financial Decision
Though healthcare is expensive for Americans across the board, it can be especially taxing for families with children. If you're in the latter camp, you're probably eager to save as much money on medical costs as you can. But if you don't contribute to a tax-advantaged healthcare account, you'll miss out on a key opportunity to reduce that financial burden.
Unfortunately, recent data from Aflac reveals that 26% of families did not contribute to a flexible spending account (FSA) or health savings account (HSA) over the past two years. And that's a mistake they regret.
If you have the option to save in an FSA or HSA, it pays to take advantage of it. You'll reap a world of tax savings, which will do one important thing: put more money back in your pocket.
Source Fool.com
