Action Tip: Now we have two sets of expenses left to account for, medical and then all discretionary spending on things like food, clothes, toiletries, eating out, giving, saving and more. Today we are going to look at medical bills.
Lets look at the medical bills paid. You can follow along here on page 2 (Take Home minus bills, debts and medical with HSA). I put this in a separate section because if you have a Health Savings Account (HSA) with employer paid contributions, some of your medical bills may not come out of your pocket. Some might. Some you may have paid with after-tax dollars and forgot to have them reimbursed.
What I did on the spreadsheet is highlighted what was employer paid with purple, then highlighted in red things paid that need to be reimbursed. If you also have forgot to have things reimbursed, get on it!
You may also notice that you want more taken out of your pay and put into your HSA for future medical bills. It’s not a good feeling when you feel like you can’t go to the doctor or dentist because you can’t afford it. Perhaps you can afford it and need to adjust your spending and cut some bills.
And look, this thing doesn’t have to be perfect. You just have to do it so you have an idea of what in the world has happened to your money so you can tell it what to do in the future.