These are tax-free accounts where you set money aside to pay for medical expenses.
HSAs are available to people who use a high-deductible health plan, while FSAs don’t have eligibility requirements.
Some people say renters are throwing away money on rent, but it’s clear that they’re throwing away less on credit card interest than their home-owning friends.
And these expenses are some of the biggest for many Americans.
The impact of credit card debt, of course, depends on how you handle it.
There are two main types of credit card users, transactors and revolvers.
Since Nerd Wallet’s number focuses on credit card debt only, the 5 billion is a more accurate estimate of how much debt is outstanding.
It’s also important to note that this total includes the balances of cardholders who pay off their cards in full every month, as well as those who carry debt from one month to the next.