Dangers of Automatic Bill Payments On Your Finances

Online Bill PayWe are all busy these days. There are new emails waiting to be checked, Netflix shows to binge watch, Instagram updates from friends of what they had for lunch, or The Donald’s latest tweets to read. With so many things vying for our attention, automatic bill payments can be really appealing. You spend five minutes setting it up, and you never have to see or manually pay another bill again!

With automatic bill pay, you can set up auto payment plans for all your bills. Your utilities, mortgage, phone, internet, cable, auto, or any other regular payments can be automatically deducted from your bank account at your scheduled date, freeing you from missed payments and late fees. But is it a smart idea?

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The Best HSA Provider For Investing Your HSA Money

Best HSA Providers For InvestingThere are many banks, brokerages, credit unions, and insurance companies that are offering HSA accounts these days because 97% of HSA accounts are in cash. All this money sitting in accounts are allowing these companies to make loans with that money to earn more money while only giving you a fraction of interest back in return. With interest rates being so low, those who keep their HSA funds in savings accounts are actually losing money to inflation as health care costs continue to increase each year. This is why it is better to find a provider that lets you invest your HSA savings.

With so many choices, choosing a HSA provider that meets your investment needs can be a little challenging. To help you get started on your search, this is a review on some of the popular HSA providers that allow investing of your funds and their fees.

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