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Teri Monroe About Teri Monroe

Teri Monroe started her career in communications working for local government and nonprofits. Today, she is a freelance finance and lifestyle writer and small business owner. In her spare time, she loves golfing with her husband, taking her dog Milo on long walks, and playing pickleball with friends.

12 Manners Everyone Pretends to Like—But Secretly Don’t

manners that are outdated
outdated manners like waiting till everyone has their meals
Image Source: Pexels

We all know that manners are important. Many of us were taught manners and proper etiquette from a young age. But sometimes these social norms are over the top. They can come off as forced or even facetious. Like how some people can be too nice that it feels fake. Here’s a list of 12 manners or social norms people often pretend to appreciate but secretly find annoying, outdated, or disingenuous:

1. Over-the-Top Politeness

Saying “sorry” or “excuse me” for every minor thing can come off as excessive or even insincere. It can also signal that someone has a lack of confidence. You don’t have to be sorry when there is nothing to be sorry for. While some people think that this behavior is polite, it can become very annoying.

2. Waiting to Eat Until Everyone Is Served

While waiting till everyone is served can be seen as respectful, it often feels forced. This is especially true when food gets cold. Manners say that if three or more people at your table are served, it’s okay to dig in. Otherwise, it could become very awkward at your table.

3. Sending Thank-You Cards for Every Gift

Many appreciate the gesture, but few enjoy writing them or feel they’re necessary when a sincere text or in-person thanks would suffice. It is very old-school to send a handwritten note. If the person who gave you the gift is more traditional, sending a written thank you is appropriate. Otherwise, other methods of thanking them are fine.

4. Not Talking About Money

Etiquette says it’s impolite to discuss salaries or finances, but this “rule” can perpetuate inequality and confusion. Talking about salaries at work is becoming more common. Pay transparency is even encouraged at some companies. In a social setting, you shouldn’t brag about your salary, but discussing finances is appropriate. If your company seems uncomfortable, then you should change the subject.

5. Standing When Someone Enters the Room

This old-fashioned gesture still lingers in some cultures, but many find it awkward or unnecessary today. Some of these cultures include Middle Eastern, African, East Asian, and South Asian cultures. This is also true in some traditional or aristocratic circles in countries like the UK, France, and Italy. It is also practiced in religious settings as a sign of respect. While you shouldn’t disrespect your elders, religious leaders, or aristocrats, this custom is less common in the US.

6. Not Bringing Up Taboo Topics

Many of us have been taught not to talk about topics like religion, mental health, or politics. While you never want to make someone uncomfortable, many people are okay with discussing these topics. It’s important to read the other person’s body language and social cues when talking about more sensitive topics. Also, be prepared for a healthy discussion and differing opinions. If you’re able to stay open and engage in dialogue, you’ll likely have a meaningful conversation.

7. Fake Compliments

Telling someone you “love their outfit” or “you look great” when you don’t really mean it is insecure. People can sense your fakeness, and it can be a turnoff. While compliments are nice, they aren’t necessary every time you see a person. A heartfelt hello will probably go over better than a forced compliment.

8. Forced Small Talk

Making polite conversation about the weather or your weekend plans often feels like a social chore rather than a genuine interest. It’s refreshing if you talk about topics of substance instead of surface-level topics. If you want to get to know someone, be curious and ask questions about their interests and life. This is much more polite than droning on about nothing meaningful.

9. Overdressing

Have you heard that it’s better to be overdressed or underdressed? This is outdated advice. Sometimes it’s better to be comfortable than feel awkward because you’re overdressed for an occasion. Many social events have become much more casual in nature. It’s best to go with what is appropriate instead of always dressing to the nines.

10. Bringing a Host Gift to Every Gathering

Bringing a gift to a party is a nice gesture. However, you don’t always have to bring a gift. Instead, ask the host what you can bring. It may be more helpful to bring dessert or something the host forgot, like extra plates. It will be much more appreciated by the host than a bouquet of flowers.

11. Men Picking Up The Tab

This dating etiquette is outdated, to say the least. Men often feel pressured to pay for their dates. This can be very awkward if their date wants to pay or split the tab. It’s okay to do it differently than society mandates. Especially if paying for every date poses a financial burden, it’s okay to talk to your date about how you’ll share the cost.

12. Pretending to Care About Outdated Etiquette Rules

Elbows on the table, not wearing hats indoors, or using the right fork are all examples of outdated etiquette rules. Many people pretend to respect these, but internally roll their eyes. Etiquette today is changing, and it’s important to learn new etiquette rules that are less cumbersome and often more relaxed.

Practicing Good Manners

In the end, good manners should foster respect and connection, and not feel like a performance. While etiquette has its place, clinging to outdated or exaggerated social norms can do more harm than good. It’s okay to let go of customs that no longer serve us and embrace a more authentic, thoughtful approach to interacting with others. True politeness isn’t about following every rule. It’s about being genuine, kind, and considerate in a way that feels real.

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Why Dual-Income Households Are Still Broke (And How to Fix It)

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Why Dual-Income Households Are Still Broke (And How to Fix It)

Why some Dinks are broke
Why some Dinks are broke
Image Source: Pexels

More income doesn’t always equate to wealth. While you may think that DINKs are more financially stable, it isn’t always the case. According to Bankrate, 34% of Americans are living paycheck to paycheck. This includes DINKs. Here we’ll dig into why many DINKs are still broke despite having two incomes, and what can be done to fix it.

Why DINKs Are Broke

It should be taken into consideration that most DINKs are millennials. This generation in particular struggles financially. About 22% of millennials are considered financially vulnerable, and more than half feel stressed about managing their finances. There are several behaviors that compound these financial issues. We’ll explore why DINKs, despite earning more, often feel financially stuck.

Spending Problem

When multiple incomes are coming in, it can be tempting to overspend. Many DINKs give into lifestyle creep. Others suffer from FOMO, which leads to frequent dining out, travel, or luxury purchases. Coupled with more free time and fewer responsibilities, these spending habits can sabotage financial progress. The only way to combat overspending is to change behavior. DINK couples will have to make conscious sacrifices in order to meet their financial goals and build real wealth.

High Cost of Living

DINKs often live in high-cost urban areas. Since living expenses are higher, most of their income goes toward rent, utilities, food, and transportation. Entertainment also costs more in cities. Without clear boundaries, expenses balloon quickly. That’s why budgeting is essential. Once DINKs track their money, they can make intentional decisions and place limits where needed.

Relying on Debt

Many DINKs use debt to cover expenses like vacations, medical bills, or emergencies. According to a survey, 44% of DINKs have debt outside of their mortgages, and 70% carry credit card balances. While their overall debt may be less than the average American, they still rely heavily on credit when money runs short. Breaking the debt cycle requires a strategic plan starting with building an emergency fund and paying down high-interest balances.

Lack of Financial Literacy

Especially when just starting out, some DINK couples lack the knowledge or experience to manage their money properly. Without basic financial education, mistakes like poor budgeting, overspending, or ignoring retirement planning can become costly in the long run.

Poor Planning

Busy DINKs often delay critical financial tasks like saving, budgeting, investing, or retirement planning. This lack of structure can erode their financial potential. Automation, goal-setting, and monthly check-ins can go a long way toward long-term success.

Stop Being Broke

More income doesn’t guarantee wealth, intentional money management does. Even high earners can stay broke without the right habits. For DINKs, financial success lies in setting boundaries, budgeting with purpose, eliminating debt, and planning for the future. The good news? With two incomes and no dependents, DINKs are uniquely positioned to build serious wealth but only if they take control of their financial choices now.

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7 Early Retirement Secrets DINK Couples Refuse to Share

7 Early Retirement Secrets DINK Couples Refuse to Share

Learn how you can retire early
Learn how you can retire early
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Have you ever wondered how some DINK couples manage to retire years ahead of schedule? With two incomes and fewer financial obligations, these couples are uniquely positioned to build wealth faster than their peers. But early retirement isn’t just the result of a higher income or fewer expenses. It’s the outcome of intentional planning, disciplined saving, and smart investing. Here we’ll discuss the key strategies many DINK couples use to achieve financial independence and retire early, and how you can apply them to your own life. Whether you’re part of a DINK household or simply aiming to fast-track your financial future, here are seven smart ways to retire early.

1. Create a Plan Early

Early retirees don’t just hope for financial freedom; they plan for it. DINK couples often develop a long-term financial plan early in their relationship, aligning on retirement goals and timelines. A solid plan includes realistic saving targets, projected living expenses, and healthcare coverage before Medicare eligibility at age 65. They’re willing to make trade-offs now, such as downsizing, traveling less, or dining out less often, for a future of flexibility and freedom.

2. Invest in Financial Education

Financial literacy is a core pillar of early retirement. DINK couples take the time to understand investments, tax strategies, and retirement account rules. They read books, listen to podcasts, and work with financial advisors when needed. By staying informed, they’re empowered to make smart, confident decisions with their money.

3. Live Debt-Free (or Close to It)

Debt can be a major roadblock to early retirement. That’s why many DINK couples prioritize living below their means and avoiding unnecessary debt. Instead of buying the biggest home they qualify for or upgrading cars frequently, they often opt for more modest living to redirect money toward savings and investments.

4. Master the Budget

Budgeting is a cornerstone of financial success for early retirees. DINKs track their income and expenses meticulously, often aiming to save 30%–50% of their income. They automate their savings. Plus, they save consistently. By controlling their spending, they accelerate their path to financial independence.

5. Build Additional Income Streams

With more time and fewer family obligations, many DINK couples leverage side hustles or passion projects to increase their income. Whether it’s freelancing, consulting, rental properties, or launching an online business, these income streams not only grow their wealth faster but also create financial flexibility during retirement.

6. Max Out Retirement Accounts (and Plan Around Access)

DINKs who retire early know how to make the most of tax-advantaged accounts like 401(k)s, IRAs, and HSAs. They maximize contributions, utilize employer matches, and avoid early withdrawals that trigger penalties. For the gap years before traditional retirement age, they often set up taxable investment accounts or Roth conversion ladders to access funds without penalty.

7. Diversify Investments

Early retirees don’t put all their eggs in one basket. Successful DINK couples diversify their portfolios across stocks, real estate, index funds, and sometimes even alternative investments like crypto. This diversification helps manage risk and ensures that one market downturn won’t derail their retirement plans.

Financial Freedom Is Possible

Early retirement isn’t reserved for the ultra-rich. It’s achievable for anyone willing to plan, prioritize, and stay focused. DINK couples have the advantage of fewer financial obligations, but it’s their intentionality and discipline that set them apart. By following their lead, creating a plan, staying debt-free, budgeting wisely, and investing with purpose, you can set yourself on the path to financial freedom.

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10 Side Hustles Perfect for DINK Couples Who Want It All

10 Side Hustles Perfect for DINK Couples Who Want It All

side hustles for couples
side hustles for couples
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If you and your partner are living the DINK lifestyle, you’re in a prime position to maximize your income and build long-term wealth. With fewer obligations and more flexibility, you have the time and energy to explore side hustles that can accelerate your financial goals. Even better, working together on a shared venture can strengthen your bond and bring new purpose to your partnership. Side hustles can also be a creative outlet, giving you the chance to pursue passions beyond your 9-to-5 jobs. Whether you’re aiming for financial freedom or just extra spending money, there’s something on this list for every DINK duo. Here are 10 side hustles that are perfect for DINK couples ready to grow together both financially and personally.

1. Airbnb Hosting

While Airbnb hosting can be time-consuming, with two of you pursuing it, you can build a lucrative side hustle. Plus, once you get the hang of hosting, you can add on more properties if you choose. Investing in real estate is always a smart idea, and the income from Airbnb rentals can pay off your mortgage, taxes, and other expenses. Plus, you can reinvest any profits.

2. Podcasts

Couples podcasts can be very popular among listeners. Today, it’s very easy to get started. All you need is a laptop and a microphone. Many hosting sites, like Speaker, can help you record and publish your podcast. As you build your following, you’ll be able to gain advertising deals with brands and monetize your podcast. Perhaps you can create a podcast about your DINK lifestyle.

3. Freelancing

Work with your partner to combine your skills and start a freelancing side hustle. You can offer clients services like graphic design, writing and editing, or website design. You can even create a photography business or event planning services. The sky is the limit when it comes to building a freelancing business.

4. Flipping Furniture

If you both are creative, you can flip furniture together. You’d be surprised at how many people leave unwanted furniture on the side of the road. You also can look for quality pieces that just need a makeover at thrift stores. With a little elbow grease, you can breathe life back into furniture and give it a new home.

5. Subscription Box Business

A fun way to create a side hustle is to offer customers niche boxes. You can curate monthly subscription boxes for everything from date night kits to wellness boxes. You and your partner will have fun collaborating on these subscription boxes and building your business.

6. Couples Blog or Influencing

Many DINK couples have had great success blogging and becoming influencers together. It’s important to carve out your niche and consider what kind of content you’d like to create first. Perhaps you both love to travel, and you can vlog about it. Once you’ve built your audience, you can monetize your social media through brand deals, affiliate links, or sponsored content.

7. Personal Chef Business

Do you both love to cook? You and your partner can build a personal chef or meal delivery service. This flexible side hustle can be marketed to new parents or other busy DINKs. Come up with a creative concept, and the clients will come.

8. Home Organization Services

Are you and your partner super organized? You can monetize this skill! Offering home organization services like closet organization, pantry organizing, or general decluttering can turn into a lucrative business. The Home Edit has built an empire around organization.

9. Remote Customer Service

Do local small business need help with customer service? You and your partner can offer virtual assistance. This an easy side hustle that you can do from your own home.

10. Online Reselling

Many couples enjoy reselling items that they source  from thrift stores, clearance racks, estate sales, and liquidation, and flip them for profit. There are many aspects to reselling like sourcing, listing and shipping. So it’s a great opportunity for teamwork. Utilize each other strengths and your business will grow.

Growing Your Side Hustles Together

As you can see, there are many side hustles that are perfectly suited to DINK couples. The power of having two people dedicated to growing your income streams will help you build extra income quickly and efficiently. There is no limit to how much you can make and the wealth you can grow together.

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Will Retiring Childfree Mean You’ll Age Alone?

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Will Retiring Childfree Mean You’ll Age Alone?

Will you age alone if you are childfree?
Will you age alone if you are childfree?
Image Source: Pexels

One-in-five U.S. adults ages 50 and older have never had children, according to Pew Research Center analysis of government data. Whether you decided not to have children because of choice, infertility, or circumstance, you may be worried about what will happen to you as you get older. Society often says that children will fill the gaps as parents age. This isn’t always the case, however.

Retiring childfree doesn’t necessarily mean that you’ll age alone. But it does mean that you’ll have to plan ahead. Especially if your health declines as you age, you’ll want to be prepared. There are several considerations you’ll have to account for in your golden years. Here are a few things that you need to think about if you’re childfree.

Reasons You Won’t Age Alone

If you decide to live a childfree lifestyle, there are several ways to make sure that you don’t age alone. First, if you focus on building your social network, you’ll always have people you can rely on. Social connections don’t just have to be family members. Some of your best connections may be neighbors, community members, and friends. These people can become your chosen family that will be there for you through it all.

In addition to building your social network, you’ll also want to plan ahead if you’re childfree. Securing long-term care and insurance is critical. You never know how your health will be as you age, so you should prepare for the unexpected. It’s also important to organize your finances and designate a healthcare proxy so that you have necessary support.

While you may have to plan ahead for your old age, you’re probably more financially secure because you didn’t have children. The reality is that raising children is expensive. You may have more disposable income and assets than people with children do. For example, according to Census data, childless women have a higher net worth than those with children. This can give you more flexibility to secure the lifestyle you want in retirement.

Challenges to Keep in Mind

As you age, you may feel more isolated without close family ties, like children. Data has shown that childless adults are also less likely to be married or living with a partner. So, most likely, you will be living on your own. This may create challenges as you age. For example, your mobility may decline, leaving you to rely on hired help to manage finances, make decisions, and manage your day-to-day. But not having children doesn’t mean that you have to be lonely and isolated as you age. You just may have to be more intentional in building your support systems.

Key Considerations about Living Childfree

While having children doesn’t fix every aging dilemma, it does mean that you most likely have a strong support system as you age. If you are childless, it’s important to be organized, make plans for your health and estate, and find people around you who care for you. By doing so, you can ensure your well-being throughout your days. Then, you will never have to age alone.

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8 Ways Couples Are Secretly Building Wealth While Everyone Else Complains

8 Ways Couples Are Secretly Building Wealth While Everyone Else Complains

DINKs building wealth
DINKs building wealth
Image Source: Pexels

Does it seem like some couples have it all figured out when it comes to money? The couples who don’t complain are usually the ones who are secretly building wealth together. How do they do it, you ask? Here are eight ways the most successful DINKs are growing their money together.

1. They Talk about Money All The Time

While everyone else is complaining about not having money, smart couples are always setting aside time to talk about money. You can treat money talks like a date night. Order takeout and go over your monthly budget, look over your investments, and make decisions together. The most financially stable couples don’t act like individuals; they are always on the same page when it comes to finances.

2. They Don’t Care about Material Things

While everyone else is participating in overconsumption, successful DINKs are putting their money to use in better ways. Purchasing assets over useless stuff helps build generational wealth instead of just a quick dopamine hit from an impulse purchase. They put their money to work by investing in real estate, stocks, or side businesses. Some even can angel invest in small businesses to grow their combined portfolio.

3. They Budget Together

Have you ever heard of financial infidelity? This is when one partner makes a purchase without disclosing it to their spouse. While there are many levels of financial infidelity, it can seriously impact your relationship and finances. The DINKs who are building their wealth stick to the budget they create together.

4. They Prioritize Retirement Savings

While many people are spending all the money they make, smart DINKs are maxing out their retirement accounts. They prioritize tax-advantaged accounts and have started saving for retirement early. Over the years, they will watch their money grow.

5. They Stay Focused

DINKs who are growing their wealth stick to their financial goals. They are okay with not going on fancy vacations and making sacrifices to secure their financial future. Making good financial decisions that build wealth requires determination and persistence. They don’t let other couples influence them either because they aren’t concerned with keeping up appearances or showing off.

6. They Are Smart with Credit

DINKs who are building wealth use credit wisely. It’s not to say that they don’t have credit cards or loans; they just understand how to leverage them to their advantage. If they take out a mortgage, they make sure it’s a property where they can build equity. As far as credit cards, they usually use them for rewards, not to accumulate debt. Smart DINKs pay off their balances every month and monitor their credit scores closely.

7. They Have Multiple Streams of Income

DINKs who are building wealth are working smarter, not harder. Whether it’s a side hustle, rental property, or online business, they are diversifying. They understand how to leverage multiple streams of income so that they have plenty of cash flow that can be used for investments, savings, and so on.

8. They Don’t Squander Windfalls

If DINKs receive windfalls from tax returns, inheritances, or dividends, they reinvest that money instead of spending it. Building wealth is their top priority instead of new cars, bigger houses, or fancy clothes. Any extra money is put to work and doubled.

How are you creating wealth? Let us know your thoughts in the comments.

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Are DINK Marriages Actually More Fragile Than Those With Children?

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Are DINK Marriages Actually More Fragile Than Those With Children?

DINK marriage
DINK marriage
Image Source: Pexels

Recently, there has been a rise in the DINK lifestyle. A 2024 study by Intuit Credit Karma found that 40% of Gen Z and millennial women aspire to a DINK lifestyle. Many cite financial freedom and personal fulfillment as motivators. The question is, does a DINK marriage have a chance of lasting?

Are DINK marriages more fragile than those with children? The answer isn’t as straightforward as you might think. In fact, it is very nuanced. According to the Huffington Post, a 2024 study indicates that 66% of divorced couples were childless. This suggests a higher divorce rate among childless couples compared to those with children. Is this true? Are DINK marriages more fragile? Here we’ll break down whether DINK marriages are more likely to end.

Is a DINK Marriage More Fragile?

There may be some truth that DINK marriages are more fragile. Often, kids are the glue of relationships. Many couples choose to stay together for the sake of their kids. Research by Direct Line Life Insurance suggests that between 20%-25% of married couples stay together for the sake of their children. This doesn’t mean that their marriage is happy. Couples who stay together for their children often divorce later in life.

Higher Marital Satisfaction

While it may be true that DINKs divorce more than DIWKs, DINKs often report higher marital satisfaction. In a survey of Japanese couples, many reported that a childless lifestyle allowed them to travel, go out with friends, focus on their careers, and splurge on themselves. Not having children is often a thoughtful and intentional choice. Sometimes even more so than deciding to have children. For example, 33% of DINKs cite financial freedom as their primary motivation for being child-free, while others prioritize flexibility. Careful thought and consideration are put into this decision.

While society often scrutinizes the choice not to have children, it is possible to feel fulfilled by other aspects of life, other than children. In fact, psychologists have found that DINKs are more self-actualized. Not having children allows DINKs to grow as individuals without the constraints of raising children. This, in turn, can help strengthen a marriage, as both partners are satisfied with themselves.

Additionally, DINKs are typically more financially stable. Financial issues can be a major stressor in a marriage and can lead to divorce. It’s estimated that 20%-40% of marriages end because of financial issues and disagreements about money.

Takeaways

DINK marriages aren’t inherently more fragile than couples who have kids. It’s just that the social and emotional dynamics differ in DINKs’ relationships. Just like any relationship, strong communication, shared goals, and the quality of the relationship are all pivotal factors in maintaining a healthy marriage. So, in many ways, whether a marriage will last depends on the couple and not the lifestyle choice. DINKs or DIWKs both have to work on their marriages to achieve marital satisfaction over time. In the end, this is the only way to ensure that a marriage won’t fail.

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9 Investment Moves That Only Make Sense If You Have No Kids

Investment moves without kids
Investment moves without kids
Image Source: Pexels

If you don’t plan on having children, you probably have more disposable income. A new survey from MarketWatch Guides found that 86% of DINKs prioritize other life goals over having children, with 40% of DINKs saying that building wealth is more important to them than having children. In fact, on average, DINKs save twice as much as parents each month. If you’re prioritizing building wealth, you’ll want to invest your money smartly. So, what are some investments that make sense if you don’t have kids? Here are eight investment moves to consider.

1. Aggressive Portfolios

If you have kids, you might be saving for college. This might mean that you don’t want to assume the risk of investing aggressively. Without kids, you’re free to choose a riskier portfolio. The more you risk, the more you may be able to grow your wealth with the rewards.

2. Alternative Investments

Without kids, it makes sense to experiment with investments in alternative assets like crypto, NFTs, or even art. These speculative plays are better for individuals without dependents. Even if you lose your shirt, you’ll be able to recover.

3. Airbnbs

Short-term rentals are a great option for people without kids. The amount of work involved in being an Airbnb host may be too demanding and disruptive if you have a family. According to ZipRecruiter, Airbnb hosts earn around $38,000 per year.

4. Angel Investing

Investing in startups can be a fun way to use your money and mentor entrepreneurs. Most angel investors realize that they may not see a return on their money, since many startups fail. But if the company does become successful, you’ll be one of the first to reap the rewards.

5. Luxury Items

With more disposable income, individuals without kids have room to invest in luxury items like cars, watches, jewelry, and wines. You may even want to consider investing in speculative precious metals like rare gems or more niche metals. They are more volatile and nontraditional than other gems and metals like diamonds and gold.

6. Personal Development

It only makes sense to heavily invest in yourself if no one else is relying on you. You may decide to focus on higher education, like your PHD. Or you may decide to take a sabbatical and focus on travel. While this may not make you more money, it will improve your life overall.

7. Exotic Foreign Currencies

Exotic forex trading means trading currencies from smaller, less liquid, and riskier markets. These markets include places like Thai Baht (THB), South African Rand (ZAR), or Turkish Lira (TRY). They are much less stable than the dollar or euro.

8. Early Retirement

Saving for retirement aggressively is one of the smart investment moves you should be making without kids. You may want to consider the FIRE method if you don’t have kids. This aggressive saving style would be difficult with children, but could be worthwhile without them. With this method, many people save 50%-70% of their income in order to retire early.

9. Single-Stock Concentration

You may want to bet big on one company and heavily invest. Single-stock concentrations mean holding 10% or more of your portfolio in a single stock. While this isn’t advisable if you have dependents, it could be a worthwhile risk as an individual. Investors in companies like Apple and Tesla made significant returns on their investments by betting big on these companies in the early days.

What investment moves are you making? Let us know your thoughts in the comments.

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Does Skipping Kids Give DINK Couples an Unfair Financial Advantage?

The financial benefits of skipping kids
The financial benefits of skipping kids
Image Source: 123rf.com

Do you ever feel like couples that have double income and no kids have an unfair financial advantage? While choosing not to have kids can have its financial benefits, there also are some downsides to consider. Here we’ll break down how skipping kids can change your financial future.

Benefits of Skipping Kids

Having kids is expensive. In a 2022 report, Brookings estimated the cost of raising a child through the age of 17 was $310,605 for just necessities, without college expenses. So when you think that DINKs are more financially stable, in most cases they are. DINKs completely avoid the expense of having a child and can use these funds for other purposes like savings. A study by MarketWatch found that DINKs save an average of $908 per month, while couples with children save around $413, Fortune reported. As far as retirement savings, DINKs save about $4,800 per year on average, which is 9% more than the $4,400 that DIWKs save.

DINKs aren’t just saving more, they usually make more money as well. With more time to focus on their careers, DINKs hold better jobs. According to the CPS, DINK households earn an average of $138,000 annually. That’s nearly 7% more than the $129,000 annual average for DIWK households.

So, if you ever feel like DINKs are ahead of the financial game in many ways they are. But that doesn’t mean that skipping kids is the answer to having better finances. There are some challenges to consider if you’re on the fence about having kids.

Downside of Not Having Kids

While it may seem like DINKs have all the financial advantages, that is not always the case. There are some drawbacks to not having kids and choosing a DINKs lifestyle.

First, there is some data that suggests that DIWKs aren’t that far off financially. For example, DIWK households are more likely to own a home than DINKs.  According to the Census Bureau, 72% of DIWKs own their homes, compared to a homeownership rate of 59% among DINKs. Often, DINKs choose to rent instead of buying a home. This means that many DINKs are also missing out on the potential returns of investing in real estate.

Then, aging can be more costly for DINKs. Deciding not to have children can make care in DINK’s golden years more challenging. They also will have to consider what will happen to their estate if they have no immediate heirs. With planning, these challenges can be managed. For couples with children, there may be more clear answers to what happens to them in their old age. Additionally, care as they age may be more costly for DINKs. Since they can’t rely on adult children, they often have to pay for assisted living or additional help.

The Bottom Line

Having a child usually isn’t a decision just made from a financial perspective. Skipping kids might have other lifestyle implications that can only be considered from an emotional standpoint. Having a child for some couples may be extremely rewarding and fulfilling. On the other hand, some couples may enjoy their life as DINKs.

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6 Reasons Your Gas Bill Keeps Going Up and What You Can Do About It

managing your gas bill
managing your gas bill
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If you’ve seen an increase in your gas bill, you may feel powerless. A new PowerLines poll, conducted by Ipsos, finds that three in five Americans say their electricity and/or gas bill has increased compared to a year ago, while slightly more are concerned that these bills will increase this year. Is there anything you can do to bring down your gas bill? The answer is yes, there are several things within your control that can help you manage your gas bill. Here are six things that may be driving up your bill and what you can do to manage it.

1. Temperature Changes

When temperatures drop drastically, your system has to work harder to keep up. It’s important to have your HVAC unit maintenanced every year to keep it running efficiently. This can help reduce your gas bill. You may also want to turn your thermostat down a degree or two.

2. Inefficient Windows

Heat easily escapes through windows and doors. If you have older windows, it may be time to replace them for better insulation. You’ll want to make sure that all of your windows are properly sealed. Drafts make your home harder to heat. One solution is to install thermal curtains.

3. Older Furnace

If your furnace is 15 to 20 years old, you should consider replacing it. Make sure that you regularly tune up your unit and change filters to help it run more efficiently. Newer models are typically more energy efficient and can help you save on your gas bills.

4. Leaks

If your gas bill is very high, you may have a leak. You can call your gas company to check for any issues. You should always have a gas leak detector in your home. If not, you can try the soapy water test to check for a leak.

5. Overuse

Are you taking long showers or doing more laundry? These things can drive up your gas bills. Being mindful of your usage can help you save money.

6. Old Water Heater

If your gas water heater is more than 10 years old, it’s time to upgrade. Over time mineral deposits in your water heater make it harder to heat the water. Older water heaters may not have advanced insulation or energy-efficient heating elements that are found in newer models.

Factors Out of Your Control

Unfortunately, your bill may increase for reasons outside of your control. Sometimes delivery and supply charges increase due to weather and market prices. Some consumers have reported increases of more than $300 year over year for delivery charges. When these costs increase it’s more important than ever to be frugal by lowering your thermostat, limiting your usage, and checking your units for efficiency.

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