Hi All,

Just wanted to sit down and let our readers know what we have been up to over the past few days.
Since Miel and I are getting married, we have been spending the past few days visiting family and making preparation for our wedding, we haven’t had a lot of time to discuss finance, or much of anything else for that matter.

That said, there were a couple of observations I wanted to share:

Gas Prices: Its brutal. Along the main highway in Oregon (Interstate 5), gas is running $2.99 to $2.89 a gallon. Since most of the state is rural, most people have have drive everywhere. What this means is that costs for EVERYTHING increase. For example, for my fiancee’s parents to buy groceries, they have to spend about a gallon of gas to get to the nearest grocery store. What this means is that they can automatically add $2.89 to the cost of whatever they are doing. If they buy a soda, they might spend maybe $1.29, now the soda costs $1.29+$2.89, or $4.18. Image that pretty much everyone in the US, is in the same boat, and its easy to see that the economic effects are huge.

I always knew this intellectually, but its totally different to witness it happening.

Wedding Overspending: We haven’t looked specifically at our wedding budget, but I guarantee you we’ve gone over by a LOT. How much specifically, I don’t know, but it might be in the range of a thousand or two.

But, you know what, I don’t care.

Our wedding is going to be a great party. I’m just going to hold onto my hat and see how crazy it gets.

Best,

James

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.

Couples Finance

Websites You Should Read

Companies Supporting The DINKS

Please consider visiting our gracious supporters:

Get an education with the Online Certificate Programs at Washington Tech

State-approved Online Middle School at EHS