For those who aren’t regularly reading our blog, we talked a couple of days ago about ways to limit your use of your credit cards.

Er, more specifically we blogged about how making your cards inaccessible to you can be a good way to help you control your spending. Well, after talking to the idea over a bit, we decided to see if in fact, freezing your credit cards can work.

First off, we got an old card that Miel wasn’t using…

Its a debit card and I think the account linked to it isn’t working anymore, but we took the cards numbers out of the pictures anyways. I guess studying criminology has made me a bit paranoid.

After that we, filled up the mug and put the credit card in…

Its kinda hard to tell, but yes this mug is full of water!

Next, we popped the mug in the freezer.

Three hours later the mug came out like this…

Viola!!! The card was deep frozen.

So just to end this post on an upbeat note if you owe money on your cards, this could be of some assistance. By the time you thawed out your card, your urge to buy crap like teletubbies or legos or whatever will have passed and you’ll be one step closer to financial freedom!

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.

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