Hi All,

There is precious little on how couples should manage their money on-line. So, it was delightful to locate this video on Kiplinger’s personal finance. Its got some practical tips for managing couples conflicts about money. Their recommendation: go with a hybrid solution whereby each person has some autonomy and responsibility for taking care of investments and discretionary income.

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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Couples Finance

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