Hi All,

We’re busy running around DC taking care of our non-blogging lives.  So, today’s posting is a video from MoneyTalksNews.  MoneyTalksNews is a much underrated project focusing on current events, helpful financial tips and debt management.  In this installment, they discuss the role of consumer credit counseling resources for those with financial and debt problems.

Just for the record, I don’t endorse going to consumer credit agencies.  I DO endorse a trip to library so you can learn how to handle things yourself. – That said, consumer credit outfits have been helpful for some, so enjoy the video!

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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