A cafeteria plan is an excellent way to streamline fringe benefits, also called employee benefits. An employee uses a part of his pre-tax income to choose from a predefined list of benefits. For an employer, it’s an excellent way to improve the take-home salary of its (potential) employees and keep them happy by letting them chose their own benefits.
Since this is the first post I should probably start from the beginning: budgeting. It’s safe to say managing your budget is a key point to reach Financial Independence.