While most of are posts are a bit less utilitarian, my theme for the night is taking care of business.

I just sorted out some of my banking details, including:

  • Entering my receipts into my finance tracker
  • Paying James for half of our property tax bill
  • Paying my sister for our joint cell phone bill
  • $800 on my student loans (from my educational benefits offered by work)
  • Put another $1,650 in my 2006 ROTH IRA ($1,000 from ed benefits, $250 from James, & $350 from myself)
  • All that and I’ve still got a couple of to dos related to finances that I have to do during business hours.

Finances aren’t always sexy, but every little move helps!

Good night!

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.

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