Hi Folks,

This posting fits under the category of needs vs. wants. Wants being things you might like to have but really don’t need.

For example, take this coffee holder by Magellan, it is designed to fit between the telescoping braces on your luggage handle. We think this is totally useless and illustrates the principle that if you want to be financially secure its good to not buy junk.

In fact, if you really evaluate it, the you could save a lot by skipping the coffee altogether as well. Though some might argue that the coffee will help to dull the pain of holiday travel.

Happy Holiday Travels!

James&Miel

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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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