Hi All,

Its another terrifically busy day for us DINKS, so here is a video from very good, but underrated Money Talks News series. This video is on the topic of IRS withholdings.

The situation is, a lot of people get a pretty substantial tax return back from the IRS at the end of year. However, this is a problem, because as the movie points out, the money spent overpaying taxes could instead be put into productive use in a savings account or mutual fund. That is why is is so important to pay close attention to how much you are paying in, as you can build even just a little wealth if you have that cash on hand gaining interest instead of in the government coffers. The great thing about this clip is that it shows you how to adjust your withholding and maps out the logic and the process for doing it.

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