Weekly Update: Personal Finance, Women and Money
In addition to posting on the Fabulous & Money Savvy™ blog, we write for a Personal Finance: Women & Money column on Examiner. Each week you will receive an update.
Year end: Don’t lose your Flexible Spending Account
During a time when households are seeking ways to save money and stretch its paychecks, various accounts are accessible for each to take advantage. Flexible spending accounts are a great way to save by using pretax money that will cover medical expenses.
Any money left unspent at the end of the coverage period is forfeited and can be applied to future plan administrative costs or can be equally allocated as taxable income among all plan participants; this is commonly known as the “use it or lose it” rule.
Read the entire article, click here.
Women gain political recognition
Women are proving to others what they have always known, they are capable of running this country. For the first time in history, white males will no longer hold a majority in the Democratic caucus in the House and women are increasing seats in the Senate.
“We’re the party of diversity, Senate Majority Leader Harry Reid said. Look at the results from all over the country.”
Read the entire article, click here.
Election 2012: What does it mean for the poor and women
President Obama and Governor Mitt Romney have different views on how to help Americans in poverty, those who are near poor, and women.
“Poverty and income inequality have been in the spotlight during the 2012 election. Democrats are positioning themselves as the defenders of the middle class, while casting Republicans as caring only about the rich.”
Read the entire article, click here
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