Happy New Year Everyone!!!

For todays posting, I just wanted to updated our readers on the story with our second mortgage. A s you may know, we’ve been steadily chipping away at the debt with a view to eliminating it by June of this year. Paying this off has become especially important for us in light of Miel’s student loan payments coming due in the next few weeks.

The situation is we owe approximately $18,259.22 on the second mortgage. This is a decline of 5% from last months balance of $19,252.45. We also have a payment of $600 on the way and are expecting an additional $1,000 from a settlement related to my grandmother’s cremation, so we think we’re making good progress and are both optimistic about dumping this debt by June.

Here is our transactions for the past few months.

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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