Denali Northern Expenditure

Tag: health

How to Save Money on Healthcare

How to Save Money on Healthcare

It’s not easy to save money on healthcare in the United States. The status of healthcare is up in the air and the functionality of the healthcare system is abysmal. It makes no sense and keeps costing more money. For a really good overview of all the problems and possible solutions, I highly recommend Elisabeth Rosenthal’s book, An American Sickness. It uses many, many real life examples and ends with a plan of action on how to solve the problem with many tips on things you can do. Some of the ideas listed in this post are from there, others are ones I’ve encountered in my own research.

Save Money on Healthcare

Here are some actionable things you can do to try to help keep your health bills down:

non-financial goals

An Update on 2016 Goals

Usually people catch up with a mid-year review in June or July… you know, mid-year!? But here we are, mid-August, and I think it’s time for a check-in. School started Monday for the kiddos, so it feels like a good time to re-evaluate and figure out what needs to happen in the next 4 months.

As I’ve mentioned in the past two plan updates, the financial goals may come up a bit shy. I talk extensively about that monthly, so today’s focus is on the non-financial goals I set in January:

Relativity - Minneapolis Cherry Spoonbridge

Financial Relativity (Your Experience is Not Mine)

What is Relativity?

In physics, the basic definition of relativity is that physical phenomena are highly dependent upon the position (motion, etc) of the observer.

I was in Minneapolis recently for work. It was a super windy day with 40-50 mph gusts. It was the worst airplane landing I had ever experienced with the plane violently rocking back and forth and up and down right up until touchdown. The wind made the trunk lid slam into my head as I was putting my luggage in the trunk. I headed to Trader Joe’s to buy my imports. As I was checking out, the lady said: “Isn’t it a lovely day? Every day is a lovely day when you don’t live in Duluth!” Hilarious, right? Except I sort of didn’t get it because I’ve never been to Duluth. I’m assuming this is similar to us (in Anchorage) saying in the middle of winter: “At least it’s not Fairbanks!” (which is probably lost on YOU, dear reader!).

Our brains think brand names taste better than generics

The Brand Name Deception

You should avoid most name brands and go straight for the generic.

There, I said it. Post over.  …If only it were that easy. The fact is, we all know that we are deceived by a name brand. We know we shouldn’t get addicted to the brand, but we do anyway!

Penny’s annual science fair was this month. As I was perusing the other boards, I came across this one:

non-financial goals

Our 2016 Non-Financial Goals

I’ve mentioned that I love New Year’s resolutions and I’ve shared our financial goals for 2016. I don’t like to make typical, vague goals or tie myself in to doing something I can’t achieve. With that in mind, here are my 2016 non-financial goals:

Accept Yourself Now

It’s not even one full week into the New Year and already several people have abandoned their resolutions. The statistics on New Year’s resolutions are bleak. Over 80% of New Year’s Resolutions fail. In order to avoid this, some people don’t make any resolutions at all. I’m a huge fan of New Year’s and the accompanying resolutions. I love the chance to look back on the previous year and see what I was able to accomplish and look ahead to a clear calendar and figure out where I want to be in a year. Spending a week in Hawaii with my family made me realize not everyone is like me. When asked where he wants to be in a year, my brother-in-law responded: “I have plans for in 5 years and 10 years, but 1 year is hard to define.” My sister said: “Oh no. Is this about hopes and dreams? I hate talking about those!” And my dad and husband said “I don’t know!”

Know Thyself: Do You

Lately, I’ve had a total breakthrough in achieving my goals. It has been a breakthrough for me to come to the realization (and admit) that I’m an “a lot at one time” kind of person and get stressed out about committing to do something every day. Granted, it’s only been a few weeks since I changed my tactics on my goals to reflect this realization, but so far things are going well. This all goes back to the most important thing you can do for yourself and your finances: know thyself. There are hundreds, probably thousands of personal finance blogs available, and it’s fabulous for your finances to surround yourself with good influences that preach the messages of avoiding debt, saving more, and finding financial freedom and independence. But the reason why there are so many is because there is no one-size-fits all approach to finances.

Do you want to know the absolute best way for you to get out of debt and save more money? The answer: The one you will actually do. 

Life Asset Allocation

In the personal finance world, we like to discuss asset allocation and rebalancing our funds. Where will you put your money? How much will be in stocks or bonds? Will you choose an index fund or buy individual stocks? With the stock market plummet of the past week and people freaking out, I thought about how we undervalue ourselves while we focus so much on money. If we were to manage our lives like we manage our assets, we would ask ourselves similar questions. Let’s explore the possible life allocations:

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