If you’ve decided as a couple that you don’t want to have kids, you likely spend both time and money making sure you have effective birth control. As you reach your 30s, you may look for a more permanent birth control. A woman could choose to have a tubal ligation, or a man could choose to have a vasectomy. However, many doctors prefer to perform these surgeries on people in … [Read more...] about Will Your Health Insurance Cover Vasectomy Costs?
We often think of documents like life insurance being just for those adults with children, but as DINKS once you reach a certain age or a certain level of responsibility, you should have a level of insurance protection. Surprisingly, sometimes DINKS need certain insurance policies more than their peers with children. What follows are the insurance policies DINKS should have. … [Read more...] about Insurance Policies DINKS Should Have
Getting involved in an accident can take so much from you. Apart from handling the injuries you sustained, you also have to check the damages on your car and deal with your insurer, especially after filing for claims. After confirming the accident, you and your insurance provider need to agree on how to finance and reimburse for the damages. While most motorists expect the … [Read more...] about Tips For Handling Insurance After a Car Accident
Do you have life insurance? Many adults only buy it after they have kids so the kids will be supported if a parent passes. However, buying life insurance is a responsible decision for each partner in a relationship, even if they don’t have kids. Once you decide to buy life insurance, you will need to choose if you should buy decreasing or level term life insurance. … [Read more...] about Should You Buy Decreasing or Level Term Life Insurance?
Now is certainly not the time to see an increase in your car insurance premiums. It's especially frustrating if the pandemic has resulted in your vehicle being one of the cars driven less than 25 miles a day. Find out the reasons why your insurance goes up and which factors you can and can’t control. Let’s tweak that adage. What goes up can come down — at least when it comes … [Read more...] about When Car Insurance Rates Increase, Here’s How to Cut Costs
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
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