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
While many couples don’t buy life insurance until they decide to have children, that’s not the only time life insurance is needed. If you’re a DINK couple, you should still consider buying life insurance. There are several reasons why you likely want to get life insurance for both of you, even if one partner has a much lower paying job than the other. … [Read more...] about Do Both You and Your Spouse Need Life Insurance?
As you age, you’re at an increased risk of a host of physical and mental ailments. In the United States, “an estimated 5.8 million Americans age 65 or older are living with Alzheimer’s dementia in 2020” (alz.org). If you suspect your partner is afflicted, or if you’ve gotten a diagnosis, there’s no time to waste. Among the many preparations you’ll have to make, you’ll want … [Read more...] about Financial Planning Tips for a Spouse with Dementia
Editors preface: We generally cover couples finance here on DINKs, but we've seen a good amount of demand for insurance related articles, so we are including this for readers who are international and run small businesses. People often buy insurance for their homes, cars or companies. On the other hand not so many people choose to buy life insurance. Analysis of the sector … [Read more...] about The Importance of Life Insurance In Norway
Senior citizens are now the fastest-growing population in the U.S., with older people representing one in five residents nationwide by 2030. Thanks in large part to advancements in the medical field, we're living a lot longer -- but improved healthcare is actually a double-edged sword. We might enjoy an increased lifespan thanks to medical treatments, but being able … [Read more...] about How Seniors Can Mitigate Rising Healthcare Costs
Life insurance is a confusing subject for most people. From trying to get a policy that fully covers you to understanding what needs coverage, getting insurance can be daunting. Enter: Bestow life insurance, the latest fintech insurance provider to emerge on the scene. … [Read more...] about An Honest Review of Bestow Insurance
Home insurance is a touchy subject for some. Many don't even fully understand what is truly covered by their policy. A common question people ask, however, and can never get an exact answer to is: are you legally allowed to get insurance for a property that is not under your name? Short answer: yes. Long answer: keep reading. … [Read more...] about How to Insure A Property Not Under Your Name
Last month, we wrote about Eric Tyson's simple tips for improving your personal finance. Today, I wanted to follow up with a few more useful suggestions by Tyson. The idea here is to give you some basic personal finance principles that you can apply to your own wealth. … [Read more...] about More Solid Advice From Eric Tyson
Your health is important, but the cost of taking care of yourself has risen dramatically in the past few years. Even without children, you could spend hundreds on insurance and health care costs. The enrollment period for next year’s health insurance plans begins next month. The change in leadership has led to changes in healthcare that could affect those who are self-employed … [Read more...] about Find the Right Health Plan for You
Homeowners insurance is getting more expensive and climate change has everything to do with it. Insurance companies set prices based on risk, and are increasingly embracing technology that helps make weather predictions. These tools aim to rein in losses amid the growing frequency of extreme weather events that have forced insurers to make bigger and more frequent payouts … [Read more...] about Is Climate Change Making Your Homeowner’s Insurance More Expensive?