The world of personal finance loves acronyms. I’m guilty of this myself; just last week I asked if you spend money like a DINK or like a HENRY. And let’s be honest—there’s no dignified way to say “DINK.”
There’s a dizzying array of shortened terms that refer to financial concepts, from investing strategies, retirement plans, to personal spending habits. 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 need to know
HENRY
“High Earning, Not Rich Yet.” A HENRY refers to someone who makes a high income, but has not yet accumulated enough assets to be considered truly wealthy. They earn a good living but still feel financially constrained.
HENRY BIAD
“High earning, not rich yet, because I’m a dummy!”
This playful acronym pokes fun at HENRYs who may earn a lot but aren’t good at managing their money.
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:
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DINKY. “Dual Income, No Kids…Yet”
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DINKER. “Dual Income, No Kids, Early Retiree”
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DINKWAD. “Dual Income, No Kids, With A Dog”
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DINKYANDE. “Dual Income, No Kids Yet And No Dog Either”
And some other related acronyms:
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SINK. “Single Income No Kids”
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SIK. “Single Income Kids”
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SILK. “Single Income Lots of Kids”
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DIK. “Dual Income Kids”
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DEWK. “Dually Employed With Kids”
The list goes on with clever spins on marital status, family size, incomes, and financial goals.
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. Yuppie is a spin on “young urban professional,” winning out over the arguably cooler sounding, “yumpie.”
FIRE
“Financial Independence, Retire Early.” The FIRE movement is all about maximizing savings and investments now, so you have enough funds “socked away” to retire significantly earlier than the traditional retirement age of 65. FIRE devotees aim to gain complete financial independence and flexibility by their 40s or 50s. The FIRE concept has gained popularity in recent years, but if you’re against it, you might be a FIRE ANT: aka a “F.I.R.E. Antagonist.”
More ridiculous acronyms you may not need to know
People love to try and coin new terms. Some are better at it then other. Here are some fincronyms I’ve seen online that may or may not be that useful in the real world. But, hey, they’re fun.
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NERD. “Nice Earnings Ridiculous Discipline”
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WIMP. “Wonderful Income Missing Perseverance”
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SASWO! “Saving to See the World!”
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GROW. “Getting Rich Over a While”
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AFRO. “Awesomely Frugal Reinforcement Officer”
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DIRD. “Decent Income, Ridiculously Disciplined”
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TWERP. “Tightwad With Early Retirement Plans”
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PITCHER. “Passive income, two children, early retirement”
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MINKY. “Multiple Income No Kids Yet”
At the end of the day, the purpose of these acronyms are to simplify complex financial topics into abbreviated terms. Learning key acronyms can help decipher financial language and gain greater confidence in money management and planning—but if you find yourself forgetting what a “DIRD” is, don’t BYU (beat yourself up).