Here is a pro tip for you: tracking your finances works.

This is because what gets measured, gets managed.

If you want to improve your investing returns, track how your investments are doing.

If you want to reduce your debts, write down how much you owe and track it.

If you want to improve your income, track your income.

This also works for the non-monetary aspects of you life. If you want to be a better partner, set some goals and track them. If you want to lose a few pounds, track your weight and exercise.

Tracking works.

For more great life and finance tips from the DINKS, read these:

Yes, Grocery Store Customer Service Desks May Redeem Your Coupons

Tip Of The Day: Save Those Plastic Shopping Bags

Saving Tip Of The Day: Use Generics

Tip Of The Day: Use Cash

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Avatar photo About James Hendrickson

James Hendrickson is an internet entrepreneur, blogging junky, hunter and personal finance geek. When he’s not lurking in coffee shops in Portland, Oregon, you’ll find him in the Pacific Northwest’s great outdoors. James has a masters degree in Sociology from the University of Maryland at College Park and a Bachelors degree on Sociology from Earlham College. He loves individual stocks, bonds and precious metals.

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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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