One of the more amusing parts of our Thailand honeymoon was going shopping. I guess I’m like most Americans in that I don’t have a opportunity to haggle very much when I go shopping in the States.

The local markets in Thailand were a different story. One of the major problems with being a tourist is that you pay tourist prices. For example, cab drivers would routinely try to charge us 25$ or 30% more than locals paid, and in Bangkok sometimes shopkeepers tried to charge us 40% more than locals would pay. Some of the first thing we learned to say in Thai was ‘Is there a discount’ and ‘Its too expensive’. Now, I’m like most people in that I don’t like being overcharged, so Miel and I learned to haggle very quickly.

On our last night in Hua Hin (a resort town on the gulf of Thailand), we set out to buy some souvenirs to give to our friends and coworkers. Intially, the market vendors wanted 1600 bhat (about 44 dollars) for 5 statues of the Buddha. After shopping around and negotiating fiercely (using a calculator, pidgin English and our few Thai phrases) we got the price down to 600 bhat (16 dollars).

Below is a picture of me with our statues!

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

Blogs You Should Read

Companies Supporting The DINKS

Please consider visiting our gracious supporters:

Get an education with the Online Certificate Programs at Washington Tech