Hi All,

Today is pretty busy for us DINKS, so this posting is a quick video from MoneyTalksNews. It’s a listing of some practical suggestions for determining whats a luxury and whats a necessity. Among the areas they suggest you cut out of your budget:

1) Bottled water
2) Video rentals
3) Cable television
4) Lattes
5) Buying books

Check it out.

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

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