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Sangl’s Recent Financial Activities

November 3rd, 2007 at 01:37 pm

Here is what has been taking place in the Sangl household from a financial standpoint.

* We have finally received the final bill from the hospital from my hernia repair surgery in June. If I had not had medical insurance, I would have been on the hook for over $23,000 - WITH DISCOUNTS. Since I did have medical insurance, I am obligated to pay the full deductible which was $3,000. If you don't have medical insurance, GET IT NOW! At least acquire major medical/catastrophic health insurance with a super-large deductible!
* My health insurance qualifies for a Health Savings Account (HSA). That means that I don't have to pay taxes on the $3,000 in health insurance costs! If my tax rate is 25%, I would have had to use $4,000 of my income to get $3,000 in take-home pay! I love tax-advantages!
* I recently paid my annual health club membership fee. By paying this annually instead of monthly, I only have to pay for eleven months! Every month I save 1/12 of the annual membership fee and PRESTO! the money is there when the bill comes due! I call it the

Text is Known Upcoming Expenses Escrow Account and Link is http://www.josephsangl.com/?p=425
Known Upcoming Expenses Escrow Account - and you can put together your own escrow account by visiting the
Text is TOOLS and Link is http://www.josephsangl.com/?page_id=151
TOOLS page.
* My annual life insurance premium and Christmas shopping are also going to happen next month. I am GLAD that I have the escrow account! It makes it SO MUCH EASIER to save for these larger, non-monthly expenses.
* I noticed that ING Direct lowered their interest rate by another 0.10% when the Fed dropped rates this week. Oh well, they are still paying 4.20%! If you have not opened an on-line savings account with ING Direct, you can still get $25 FREE if you open the account with at least $250. I still have a few of those links left. You can click
Text is HERE and Link is http://www.josephsangl.com/?p=388
HERE to open your account and get $25 FREE!
* My daughter turns eight in a couple of weeks! Where did all of the time go? I think it is high-time that I review her 529 college savings and make sure we are on the right track!

What financial activities did you embark on over the past week?

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1 Responses to “Sangl’s Recent Financial Activities”

  1. annab Says:
    1194663079

    i realized that I've not been budgeting, and that part of the reason is that I haven't set up a money-tracking system on my home computer. So this weekend, I'm doing that. Smile

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