This from TheStreet.com

“Pennies are unique for all the wrong reasons. For starters, money rarely makes people sad when they get more of it, but pennies do. It’s just more change you know you’ll have trouble using.

More significantly, there are nearly 3 billion pennies currently in circulation, yet for the last three years, pennies have actually cost more to manufacture than they are worth. (As the joke goes, one cent can’t even buy you a penny anymore.)

These may sound like trivia for cocktail conversations, but pennies could be seriously weighing down our economy precisely at a time when the economy can’t afford it.

According to one recent study cited in The New York Times, the penny “accounts for about 58.4 percent of all coins circulating out there, but only contributes 7.5 percent of the value.“

Click here for the rest of the story.

Hat tip to Budgets are Sexy for the find.

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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