Some of our posts talk about stocks, some give recommendations on saving money, some of our posts rant and rave, this post is a rant!

A while ago, the diverter in our bathtub went out. The diverter is the piece of hardware that channels the bath water between the shower head and the tub. For whatever reason, only the shower works. At the moment, we’ve been reluctant to call the plumber because the estimate we got was for nearly $200.00, and given that we are both on essentially on one income, the extra cost really isn’t that welcome right now.

In addition, its been raining cats and dogs in DC, and last night we had a lovely drip in our kitchen. Miel said it reminded her of her her days in the Peace Corps. It just made James grimace.

Lest this post turn into a complaint ridden diatribe, there were a couple of useful points the situation has illustrated.

1) Establish a relationship with a good handyman. This way, when something like our sink issue comes up, you’ll be able to call someone to fix the situation. Otherwise, you run the risk of getting someone out of the book.

2) Maintain your real estate in good repair. The kitchen drip is undoubtedly because of the rain. This means that the roof hasn’t been adequately attended to. If the roof had been attended to, then we, and our upstairs neighbors, would not have to deal with the drip.

Here is a picture of the drip location in our kitchen ceiling. We hope that this sort of thing doesn’t happen to you!

James&Miel

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

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