A while ago, a good old friend of mine told me his parents hadn’t saved much for their retirement. I was shocked to hear that, because having grown up around his family, they were always a very responsible, loving and well organized.

My sense is my friend’s situation may be farely typical. Many parents don’t bother to actively discuss financial issues with their children. This is really a shame. Sometimes if adults don’t make a concerned effort to teach their children good financial habits, then children may learn the hard way after leaving the home or, whats worse, they could model their parents bad behaviors.

So, if you’ve got children, you might consider reading the latest story from Newsweek. Its a discussion of five basic financial concepts to teach your kids. Its an interesting and quick read, so feel free to check it out.

Best,

James

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.

Click Here to Download
DINK's Free
Budget Template
Click Here to Download
DINK's Free
Net Worth Template

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