One of the simplest ways to build wealth is to keep your expenses steady over time.

If you keep your expenses fixed over time while your salary gradually increases, you are bound to build wealth over time. Keeping expenses relatively fixed also makes putting away the extra nearly effortless. You can automate everything so you don’t even notice it missing from your pay check.

For example, my expenses remain nearly the same now – making $75k and largely supporting our household – as they did back when James & were both working full time and I was making $40k. Obviously this indicates that I was at the top of living within my means – though I was still saving about $600 a month back then as well.

Follow this tip of the day and you will thank yourself!

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.

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