COLUMBUS, GA (WTVM) --You may want to start by checking out those employee handbooks that you've possibly tossed to the side or even stuffed in a drawer at home somewhere. It could be hiding some savings."There are a wide range of things that folks can take advantage of these days that a lot of employers offer, says local accountant Scott Voynich. Voynich is talking about pre-tax savings. Money that you can have deducted from your paycheck before taxes are taken out.
One obvious choice is contributions to a 401-K or retirement account, especially if your employer offers a match. Even in this volatile economy, Voynich says contributing on the front end, can put more money into your pocket in the long run. For example, he says if someone put money away for 30 years, they'd bank up to 50-percent more than if it was placed in a taxable savings account.Dependent care accounts are another example. This can be used for child or elder care and offers employees the opportunity to stash away the amount of money they expect to spend use on those services.