Between my late night sessions at the University and the rest of what’s going on with my crazy life, I still manage to catch the latest headlines. Evidently the Spears/Federline divorce proceedings have laid bare their family finances.

My take on that whole mess: Britney is not a frugal woman. Spending more than $100,000 per month on gifts and entertainment definitely puts you in the not frugal category.

That said, its hard for me to disapprove too much of Spears, she’s still got some hot moves.

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.

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