The Simplest Personal Finance Advice to Newlyweds

My older brother got married on Friday, so to say the least, last week was nuts around my parts.  I gave him a very generous gift, but to be honest it was the same exact generous gift he gave me 5 months ago.  So I got to thinking – what personal finance advice could I offer him? and boom it came to me.

After we received all of our gifts, we partitioned those gifts that I KNEW I had to give back within 18 months. They were then placed in a separate ING account titled, “Wedding Gifts.”  So, when this wedding came around I wrote a check from my main account – but had the money coming to it from my ING account.

Why did I do this? 

As explained in my personal finance flaw post I need to separate my dollars (even if it is just artifically under ING titles) as not to spend it.  If personal finance is 80% Mental (and 30% physical) then isn’t this idea amazing!?

Anyone else have any personal finance advice I can spread to my brother?

Evan

Evan is the owner of My Journey to Millions which was started to track his journey from a broke debt ridden law school graduate to building a balance sheet that would make most proud.  He has been married for 4 years and is the father of an awesome 2 year old boy.  Need more Evan? Follow him on Twitter, Contact him or get new posts directly to your email

3 Responses to The Simplest Personal Finance Advice to Newlyweds

  1. [...] I always thought one of the smartest things the Wife and I did when we got our wedding presents (read: cash) was to separate those gifts which we had to pay back (read: have the donor’s upcoming wedding), I even wrote a post it titled, “The Simplest Personal Finance Advice for Newlyweds.” [...]

  2. [...] Simplest Personal Finance Advice for Newlyweds [...]

  3. [...] The Simplest Personal Finance Advice to Newlyweds [...]

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