These days the economy seems to be helping to take us in reverse. I’m currently dealing with transferring over my retirement plan to another provider, and frankly glad to have some hope of better performance soon. The change over meant that I checked up on my balances only a couple of days after updating our net worth.

Miraculously I was able to drop five hundred dollars off my account without even having had time to enjoy it. Now I’ve managed to put in $50,000 and have a whopping balance of $50,500. I’m not even keeping up with inflation these days! I’d be better off with a savings bond at that rate.

Hopefully things will pick up with the change in my new retirement fund, but I think for now the economy is likely to just continue to take its tole. I’ll just keep saving and buying while things are low. Hold my breath and hope for the best over time.

Best wishes,

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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