Happy Valentine’s Day!

This most romantic of holidays not only means chocolate and roses, but over priced roses. This goes along with Valentine’s Day ‘special’, aka dinner for two that could otherwise feed a whole family for a month in other parts of the world.

Our first Valentine’s Day we enjoyed a lovely meal at nice Indian restaurant, thanks to my now lovely husband. When the bill came around I nearly keeled over to notice that it was $160 for dinner. For that price we didn’t even have leftovers!

Perhaps you are lucky enough to live in a place where you can actually get dinner without the inflated special price on Valentine’s Day. This year we opted for a more frugal option, dinner a la chef Miel. We enjoyed a candlelight meal of sauteed pork loin with balsamic fig reduction sauce, jasmine rice, broccoli, and Macedonian wine. All this for under $20, including the wine. We could still go out to eat several times, on any day other than the 14th, and get much more enjoyment out of the same price, or just put in the bank!

Warning: The frugal option doesn’t always bare the best results when in the courtship phase. James was much better off with footing a hefty bill than trying to make at multi-course meal!

Happy Valentine’s!

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.

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