FSA’s - Flexible Spending Accounts
This is a guest post from Chad over at GoingGazelle. Chad is a volunteer Financial Peace University coordinator and a volunteer Crown Money Map Coach.
IIAS Flexible Spending Accounts: Swipe Twice & Reduce Your Taxes!
A lesson in Personal Finance from a Wal-Mart Cashier
I wish I could tell you my vast knowledge of Personal Finance led me to discover and write this tip. However, this post was driven by a lesson from a Wal-Mart cashier. My wife accidentally used her FSA debit card to pay for some purchases instead of our normal debit card. We had some Tums and Dora the Explorer Band-aids in the cart. The Wal-Mart register recognized those two items were approved for FSA and debited them from the FSA account. The rest of the materials we had to pay for by swiping a normal debit card or pay cash.
The cashier then explained that their register system was […]
Original post by bob