Texas Proud
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 16, 2005
- Messages
- 17,383
Azanon said:I just generally have a hangup with any system where you effectively pay money upfront with the intention of saving money later. A FSA would be one example. Warranties are another. A club card at Barnes and nobles is another example.
Its all the same. You start in the hole, and because you know you've got that money you have to spend, you probably end up making doctor visits you'd otherwise not even bother going to.
You see ads everywhere that try to brainwash you that in some kind of scenario, spending money is "saving money". I'm just amazed at the amount of people that actually fall for it.
So put your 1K in a FSA and "save money". In the meantime, i'll put my 1K in a hot stock sector and make the same thing you did without the spending obligations. I realize that "saving" 360, and spending 1K I wouldnt have otherwise in the process of saving the 360, leaves me poorer than just not even bothering with it at all.
I actually have a paranoia belief that everyone's out to get everyone else's money. Humor me for just a week with that mindset and amaze yourself how throughout the day as to how true that actually seems to be. They came up with this FSA as just one more strategy to separate you from your money.
I feel like FSA like Dave Ramsey feels about credit card deals. Sure, in theory you might win at their scheme, but if you keep playing with snakes, you'll eventually get bit. They're counting on it. They dont care about you.
Wow Azz.... a bit parinoid there...
I put the minimum $240 in my account... I pay my dentist appointments.. two a year... I pay my annual exam (just started them.. but it is recommended and it is probably a good spend)... I get a prescription every once in awhile... and if I have any money left over, I can buy non prescription drugs that I need for allergies etc.. and I can even get reimbursed for my miles I drive to and from the doctor...
I only save a few dollars.. but I will never spend less than $240 in a year in medical.... just won't happen.. and since it is taken out of my paycheck during the whole year... there are times I can spend all the money in a few months and am MAKING money on getting services with an interest free loan..
So, be paranoid and do not save money.. that is your choice..