FinPowered Female

Open enrollment has officially begun and believe me, I understand that looking at those forms can feel like a completely different language!

Not to mention, the increase in costs from 2025 to 2026 might have you feeling a little uneasy and without a doubt, frustrated! Understandably so.

So, here is a little cheat sheet for you that breaks it down in the hopes that you feel a little bit more in control, confident and aware of what you're signing up for and what you'll be responsible for in the next 12 months!

Note: If a high deductible health plan is what makes the most sense for you - I strongly encourage you at least consider opening and saving or investing in the HSA account made available to you! And then check in with your employer to learn if they will also be contributing to it on your behalf - and how much!

Follow for all things money and building wealth with confidence!

Feel like childcare costs are draining your wallet?

Mhmm.. childcare is ridiculously expensive!!

But what if there was a way to save on those bills and keep more money in your pocket?

Here’s the good news: a Dependent Care FSA can help you save and in this season of life, every little bit counts! Here's some info on it if you're not aware of what it is...and a tip for those who do have one already!

- You can save up to 30%: The money you contribute to the DCFSA comes out pre-tax, which means you’re lowering your taxable income and thus saving on taxes - so really this could translate to saving on childcare costs.

- The funds can be used to cover what you are already paying for: Think daycare, preschool, before/after-school care, summer camps, etc.

- DON'T LET IT GO TO WASTE! These accounts are “use it or lose it,” so it’s important to plan how much you’ll spend and contribute only what you’ll use AND to be sure to provide those receipts for the expenses so you get reimbursed before the grace period ends each year!

This isn't life changing savings - but hey - if I can knock $1,000+ off my taxes every year by using this account for expenses I'm already paying for - I consider that an easy win.

Are you using a Dependent Care FSA? If not, what questions do you have about it? 👇

What’s going to happen next?!

Read through the slides to get my personal and professional take on investing for your future!

The most basic line that needs to be heard….

Time IN the market beats timing the market.