I’ve created a piggy monster!

Last week I was in Portland visiting my twin sister and her family. When I noticed a handful of coins in my pocket I asked my three year old nephew if he had a piggy bank. My sister sheepishly admitted that he didn’t have a piggy bank.

She had her own piggy bank from Denmark out of reach from when he was younger. She pulled it out and said that she could use it in the mean time until they found one of his own. He caught on quickly and was asking for more money until we couldn’t find any more change in the house.

I gave a lesson about piggy banks and told him that when his dad comes home from the office he should ask him for coins for his piggy bank to save for college. Since his dad has his own coin jar on his dresser I figured all he’d have to do is smile to get him to cough over the coins.

As it happened my brother-in-law was in DC on a business trip. My nephew then proceeded to ask him for coins for his piggy bank every time they talked for the rest of the week.

Now that I’ve created a monster I think I’ll have to also be a good auntie and find a good piggy bank for him!

Keep in mind that most things that apply when you are three are still relevant as adults – don’t forget to feed your piggy bank and ask for more money! It will pay out in dividends for your wealth (over time, of course).

Happy Savings,

Miel

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.

Couples Finance

Websites You Should Read

Companies Supporting The DINKS

Please consider visiting our gracious supporters:

Get an education with the Online Certificate Programs at Washington Tech