The Simplest Personal Finance Advice to Newlyweds

//The Simplest Personal Finance Advice to Newlyweds

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?

By |2016-03-07T23:51:38+00:00November 17th, 2008|Personal Finance|0 Comments

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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 positive balance. Need more Evan? Follow him on Twitter, Contact him or get new posts directly to your email

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