Shoebox

Shoebox Terms of Use

Last Updated: October 1, 2023

1. Acceptance of Terms

By using the Shoebox app (the “App”), you agree to be bound by these Terms of Use (“Terms”). If you do not agree to these Terms, please do not use the App. The use of the App is also subject to our Privacy Policy, which you can review here: https://shoebox.finance/privacy-policy.

2. Access and Use of the App

a. Eligibility: You must be at least 13 years old to use the App. By using the App, you represent and warrant that you meet this eligibility requirement.

b. User Account: To access certain features of the App, you may be required to create a user account. You are responsible for maintaining the confidentiality of your account information and for all activities that occur under your account. You agree to notify us immediately of any unauthorized use of your account.

c. Prohibited Activities: You agree not to use the App for any unlawful purpose or in a manner that violates any applicable laws or regulations. You also agree not to:

  • Use the App to engage in any activity that could harm or compromise the security of the App or its users.
  • Upload, post, or transmit any content that is harmful, offensive, or violates the rights of others.
  • Attempt to gain unauthorized access to any part of the App.
  • Use the App for commercial purposes without our prior written consent.

3. Proprietary Rights

a. Ownership: The App and its content, including but not limited to text, graphics, logos, images, software, and icons, are the property of The Blocks Lab LLC and are protected by copyright, trademark, and other intellectual property laws.

b. License: We grant you a limited, non-exclusive, revocable license to use the App for your personal, non-commercial use. You may not reproduce, modify, distribute, or create derivative works based on the App without our express consent.

4. Privacy

Your use of the App is also governed by our Privacy Policy, which can be found here: https://shoebox.finance/privacy-policy. By using the App, you consent to the collection, use, and disclosure of your information as described in the Privacy Policy.

5. Termination

We reserve the right to suspend or terminate your access to the App at our sole discretion, with or without cause, and without notice. Upon termination, you must cease all use of the App.

6. Disclaimers and Limitation of Liability

a. Disclaimer of Warranties: The App is provided on an “as-is” and “as available” basis. We make no warranties, express or implied, regarding the accuracy, reliability, or availability of the App.

b. Limitation of Liability: To the fullest extent permitted by law, The Blocks Lab LLC shall not be liable for any direct, indirect, incidental, special, consequential, or punitive damages, or any loss of profits or revenues, whether incurred directly or indirectly, arising out of your use of the App.

7. Governing Law

These Terms are governed by and construed in accordance with the laws of the State of Georgia. Any legal action or proceeding arising out of or related to these Terms shall be filed exclusively in the state or federal courts located in the State of Georgia, and you consent to the exclusive jurisdiction and venue of such courts.

8. Contact Information

If you have any questions or concerns about these Terms, please contact us at support@shoebox.finance.

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FAQ

'Shoeboxing' is a strategic financial practice that involves recording and categorizing expenses for future withdrawal from a Health Savings Account (HSA). By using other funds for immediate medical expenses while allowing your HSA funds to grow tax-free through investment, you're maximizing growth by taking advantage of tax-efficient savings.

This method allows you to tap into the HSA’s triple-tax advantage: tax-free deductions on contributions, tax-free growth while invested, and tax-free withdrawals for eligible medical expenses.

Shoebox helps empowers you to optimize your HSA management for long-term financial gain and is the only app on the market purpose-built to maximize this process.

Absolutely! We understand the importance of trying before committing. Shoebox offers a generous free tier period which gives you access to all of the app’s features.

Once you're ready, you can easily upgrade to a Shoebox PRO plan for continued access to all the features you’re used to. In addition, this adds the ability to record unlimited expenses, build a more dynamic portfolio, and enable exports to help track your progress.

No, Shoebox does not manage any investments, nor do we offer suggestions or provide any investment advice. However, to help track potential market growth we offer a selection of US market indices to more accurately track the balance growth that you hold with your HSA plan provider. For Shoebox PRO users, we will have the ability to build a customized portfolio coming soon.

Absolutely not! We hold user privacy as a top priority. Any information we hold is entered by you to help you track your financial progress. All data is held and maintained privately within your own Shoebox account.

Any changes to this policy for any potential feature updates, Shoebox and The Blocks will provide clear and appropriate communicate to ensure complete transparency.

Typical HSA-eligible expenses include medical, dental, and vision treatments, prescription medications, preventive care services, and other healthcare-related expenditures.

It's important to note that the Internal Revenue Service (IRS) defines the specific eligible expenses, and these may vary over time. Shoebox is designed to help you track and categorize these expenses accurately, ensuring you're well-prepared for tax time and maximizing the benefits of your HSA.

Always consult IRS guidelines or a tax professional for the most up-to-date information on eligible expenses. To start, check out our nifty guide on getting started. The additional IRS resources mentioned are also included within this document.

Shoebox is the only purpose-built HSA utility on the market and your ultimate companion for maximizing Health Savings Account management. Our app simplifies the complex task of tracking and organizing your HSA expenses, allowing you to focus on what matters most – your health and financial well-being.

Shoebox also goes beyond tracking – it empowers you to make the most of your HSA by leveraging its investment potential. By using alternate funds for immediate medical expenses and letting your HSA grow tax-free through investments, you're creating a solid financial foundation for the future. With Shoebox, you'll effortlessly stay on top of your HSA game, optimize your savings, and build a solid foundation for your financial life.