Usually I don’t think a whole lot of thestreet.com’s articles, they’re mostly commentary directed towards traders, but their recent story on the costs of owning television is really on the mark.

Since we’re discussing ways to save money today, you should definitely check out the article in yahoo finance. The long and the short of it is that getting rid of your television will result in a bunch of incremental savings. Over the course of your lifetime these savings can add up to a million bucks if properly invested.

Another great reason we don’t have a TV!

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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