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So there is incentive to keep the funds growing as long as you can (or until you can no longer absorb the medical expenses in your budget).
In this case, our HSA is earning a very low interest rate in money market accounts. The return is not very impressive, but considering our need for the funds to cover medical expenses in the near-term, I was happy to have it in a safe location when the market began to correct.
Here's the full budget breakdown for October 2018:
Budget Review - October 2018
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Overall income was a bit lower in October due to a few things:
Reimbursements will increase over the next couple of months as we cover medical expenses from October - December.
This month we spent more than our total gross income, resulting in a debit to our main account. Last month resulted in a credit, and it is not uncommon for a debit to occur when large expenses or transfers occur within a given month.
In December, I will show the yearly numbers as well as monthly, which should help flatten the spikes month-to-month.
However, erratic spending is one of the primary reasons we use tools such as Personal Capital and Mint, along with our spreadsheets for predictive planning.
Check out my previous posts for more information!
October was a high-spending month vs. our gross income, but much of that was because of emergency fund contributions.
We will also see additional reimbursements for medical expenses that were taken in October, so November or December will likely be "credit" months.
How did your October budget hold up? Do you have frugal wins or struggles you'd like to share? Let me know in the comments below!