This week will be a very short, BUT important topic, Health Savings Accounts. A health savings account also known simply as HSA, is money taken out of your check (pre-tax) for medicinal expenses. The benefit of the account is it's taken out pre-tax so that in itself lowers the amount of taxes you pay per check and also the money is there in case of emergency. These are usually in conjunction with insurance plans with a high deductible so the money that is stored away saves you a lot of out of pocket costs. The final benefit is if you feel that you have enough money to be comfortable you can invest some of the money into mutual funds and make extra (possibly) while the money is sitting idle. If the money is needed it can be easily taken out of the mutual fund and used as needed! Constantly adding money to this account will pay off handsomely in retirement when medical bills can add up and income is limited, so with that being said look into and invest into an HSA if your company offers it.