The world of personal finance loves acronyms.
And let’s be honestthere’s no dignified way to say “DINK.”
Understanding some of the more common acronyms can help you grasp financial lingo and speak knowledgeably.
Here are some key financial acronyms and what they mean.
Financial acronyms you should probably know
HENRY
High Earning, Not Rich Yet.
They earn a good living but still feel financially constrained.
HENRY BIAD
“High earning, not rich yet, because Im a dummy!”
DINKs
Dual Income No Kids.
DINKs are couples with two incomes and no children.
Having no kids allows them to focus their incomes on goals like retirement savings.
Some fun variations on DINKs:
DINKY.
Dual Income, No Kids…Yet
DINKER.
Dual Income, No Kids, Early Retiree
DINKWAD.
Dual Income, No Kids, With A Dog
DINKYANDE.
Dual Income, No Kids Yet And No Dog Either
And some other related acronyms:
SINK.
Single Income No Kids"
SIK.
Single Income Kids"
SILK.
Single Income Lots of Kids"
DIK.
Dual Income Kids"
DEWK.
YUPPIES
A classic: Young Upwardly Mobile Professionals.
Yuppies are young professionals focused on advancing their careers and status.
The term became popular in the 1980s.
FIRE
“Financial Independence, Retire Early.”
FIRE devotees aim to gain complete financial independence and flexibility by their 40s or 50s.
More ridiculous acronyms you may not need to know
People love to try and coin new terms.
Some are better at it then other.
But, hey, they’re fun.
Nice Earnings Ridiculous Discipline
WIMP.
Wonderful Income Missing Perseverance
SASWO!Saving to See the World!
Getting Rich Over a While
AFRO.Awesomely Frugal Reinforcement Officer
DIRD.
Decent Income, Ridiculously Disciplined
TWERP.
Tightwad With Early Retirement Plans
PITCHER.
Passive income, two children, early retirement
MINKY.
