Unlike families with kids, DINKS have many different options when it comes to housing choices. While a single-family home is likely to continue to appreciate, though, of course, that’s not guaranteed, you don’t have to go the traditional route. DINKS have many housing options available depending on lifestyle and personal choice. … [Read more...] about Benefits and Drawbacks of DINKS’ Housing Options
What to Do When Your Spouse Can’t Find a Job
As DINKS, you and your spouse likely rely on two incomes to meet your monthly obligations, save for retirement, and have some money to spend on fun expenses like travel, clothes, and meals out. When one of you loses a job, you may both worry. The uncertainty of job loss is often the most difficult to handle—when will your spouse find another job? Will the job pay as much as the … [Read more...] about What to Do When Your Spouse Can’t Find a Job
Financial Benefits of Being DINKS
You may find as you get older that your friends tease you and ask you when you’re going to have kids. They may tell you you’re missing out but not having children. However, if you’re firmly committed to the DINKS lifestyle, you might tell your friends you’re missing out on the expense that comes with children. Indeed, there are many financial benefits of being DINKS. … [Read more...] about Financial Benefits of Being DINKS
How Narcissism Affects a Couple’s Finances
Narcissism is quite common in our culture. In fact, The Cleveland Clinic reports that “experts estimate that up to 5% of people have NPD [Narcissistic Personality Disorder].” When you consider the United States’ population of approximately 330 million, five percent would be 16,500,000! Not surprisingly, there are many famous people who are narcissists: Kanye West, Kim … [Read more...] about How Narcissism Affects a Couple’s Finances
How Teachers Can Budget for the Summer
I was a teacher for 10 years. While I certainly enjoyed having the summer off, I didn’t enjoy not getting paid in the summer. Eventually, my employer allowed me to choose between receiving 21 or 26 paychecks a year, but not all teachers have that option. However, there are ways teachers can budget for the summer if they're only paid during the months they work. Using these … [Read more...] about How Teachers Can Budget for the Summer
Things To Know Before Investing in Oil Wells
Are you considering investing in oil wells? The oil industry has long been fickle. Some years you may double your income from a stock, and other years, you may face significant losses. In some ways, investing in oil stocks can feel like gambling. Having said that, people continue to invest in oil wells because the rewards can be so enticing. However, before you invest your … [Read more...] about Things To Know Before Investing in Oil Wells
3 Financial Mistakes DINKS Make
As DINKS, you may find yourself in a better financial position than many of your friends and family. After all, you have no children, which can be a huge money saver. The USDA estimates that “a family will spend approximately $12,980 annually per child in a middle-income ($59,200-$107,400), two-child, married-couple family.” In addition to not having children, you will also … [Read more...] about 3 Financial Mistakes DINKS Make
Reasons Why Couples Should Split a Tax Refund
My uncle and aunt kept their finances separate. She had her own account and income, and he did, too. When tax time came, they filed together, but my uncle took all of the tax return money. Of course, my aunt fumed about this, but the situation never changed. If you and your spouse have separate finances, equity is just one of the reasons why couples should split a tax refund. … [Read more...] about Reasons Why Couples Should Split a Tax Refund
The Biggest Signs that You Need to Save More Money
According to CNBC, “the typical American has an average of $8,863 in an account at a bank or credit union.” However, that number is just an average. How much each person saves depends largely on their age and whether they’re single or married and if they have children or not. To illustrate this, CNBC goes on to further share that “60 percent of millennials don’t have enough … [Read more...] about The Biggest Signs that You Need to Save More Money
How to Prevent Arguing with Your Spouse about Money
The Beatles sang, “All you need is love,” but when it comes to a successful marriage, you need much more than that. Finding a spouse who matches your lifestyle and beliefs is important, especially when it comes to money management. Money issues are often a significant factor in divorce, so to keep your marriage intact, learning skills to prevent arguing with your spouse about … [Read more...] about How to Prevent Arguing with Your Spouse about Money
