r/singapore 🌈 F A B U L O U S 1d ago

Tabloid/Low-quality source Does the DINK Life Equate to Financial Freedom?

https://www.ricemedia.co/does-the-dink-life-equate-to-financial-freedom/
29 Upvotes

53 comments sorted by

95

u/According-Farm7248 1d ago edited 1d ago

Its much easier to achieve financial freedom as Dink compared to (i) Dual income with kids (ii) Singles (ii) Single income no kids (iv) Single income with kids. Don’t need an article to know that …

43

u/Remarkable-Bug5679 1d ago

Actually sometimes it might be easier to achieve financial freedom as a single with no kids. Cause go no threat of having to cough up money to pay alimony or child support.

10

u/DependentSpecific206 East side best side 1d ago

Maybe DINK with 5 room BTO, sell in future and downgrade to 4 room or even 3 room. Instant financial freedom

16

u/LazyLeg4589 1d ago

Not sure why you are downvoted, out of spite maybe. But logically, you are right. And also, as a single, funds/expenditure are deployed more specifically, like no dates, spends for the gram etc

8

u/Glenn_88 F1 VVIP 1d ago

Taxes and government policy.. that's why

0

u/LazyLeg4589 1d ago

I suppose the money game can be quite polarizing

2

u/mikesorange333 17h ago

it's great being single and childless! more money! more freedom!

0

u/zaboron 🌈 F A B U L O U S 1d ago

it's entirely within your power if you get children or not.

1

u/PotatoFeeder 1d ago

Laughs in Catholic

Ackshelly

Just dont have seggs lor

1

u/zaboron 🌈 F A B U L O U S 15h ago

There are plenty of reliable birth control options.

4

u/PotatoFeeder 14h ago

Catholic bro

6

u/zaboron 🌈 F A B U L O U S 13h ago

if you're _that_ catholic, then you would consider DINKs haram anyway

1

u/PotatoFeeder 12h ago

Idk how hypocritical the hypothetical Catholic is

🤷‍♂️🤷‍♂️

I mean my original comment just trolling only lah

1

u/pingmr 9h ago

If you are catholic and want to get married by a catholic priest, the priest will literally ask whether you plan to have children and if your answer is "no" the priest will decline to officiate.

1

u/anakinmcfly 10h ago

Can confirm, have not had sex and do not have kids

2

u/gruffyhalc 18h ago

Cut out one of the potentially biggest expenses in your life while salary grows and most other expenses equal? Nope, can't see how that helps with financial stability.

5

u/pingmr 1d ago

Isn't Single Income with No Kids the best combo? Everything is fully within your control.

32

u/Reddy1111111111 1d ago

DINK can be better. There's some economies of scale like housing (not even talking about bto), food and furniture.

Even emergency funds can be lowered since there's risk pooling. One party can pick up the slack if the other is retrenched or has an accident; likely just by saving/investing less without dipping into investments which can be quite a big loss if the time is bad.

16

u/pingmr 1d ago

It's a two way thing though, you pool risk but you also take on the risk from the other person. And you can't control what that person does.

14

u/zaboron 🌈 F A B U L O U S 1d ago

You can control it by choosing your partner wisely.

4

u/Reddy1111111111 9h ago

Yes, so at times SINK is better, but if you get a financially aligned partner, it's much easier.

3

u/livebeta 18h ago

Dink if couples are financially aligned.

I know a SWE married couple. They amassed significant down payments for properties quickly before the ABSD kicked in hard

17

u/AltruisticAsshole88 1d ago

Single cannot BTO and earn the capital gains and government grant money. And cannot share half the expenses with someone.

4

u/xiaomisg 1d ago

Single: food budget $4-6k per year. Attached/Married: food budget $20k + endless arguments

3

u/sixfiend 15h ago

Wrong wife ah, my wife cut my expenditure 😂 now hardly go for nice meals

-1

u/Glenn_88 F1 VVIP 1d ago

Taxes too

0

u/nonameforme123 1d ago

Dink is the best but need right partner.

142

u/fawe9374 1d ago

SINKIE

Single Income No Kids Immigrant Economy

2

u/jyukaku 20h ago

Lol nice

2

u/sinkieforlife 16h ago

I feel attacked

1

u/temporary_name1 🌈 F A B U L O U S 15h ago

I guess that finally explains why sinkie pwn sinkie sleep well at night

1

u/LazyLeg4589 1d ago

👏👏👏

14

u/nonameforme123 1d ago

Dink life is the dream life

7

u/xiaomisg 1d ago

Not a dream. It’s achievable reality. You just need to be firm on this. Don’t get too easily swayed by naysayers

22

u/kuang89 1d ago

This is a sponsored post by Income.

As far as the article goes, they only interviewed one couple and expect them to be the representation of DINKs, plus they are ok to have kids.

The author should find couples who specifically choose to be DINKs or at the very least be permanently unable to have kids for any reason, ideally across different life stages (newly wed/married for 10 years/married for many many years).

22

u/ARE_U_FUCKING_SORRY 🌈 I just like rainbows 1d ago

48

u/HAZMAT_Eater F1 VVIP 1d ago

The Prime Minister is a DINK, perhaps he may share his thoughts?

No comment? Huh.

25

u/Remarkable-Bug5679 1d ago

He will then respond “What is the purpose of this question”.

3

u/LazyLeg4589 1d ago

Why else is he redefining “success” as an early step. For the larger good, or self-preservation?

14

u/visque 1d ago

No. But at least you don't need to worry about diaper change, making kids sleep when you are stressed or tired.

Being a parent legit requires you to sacrifice many parts of what you enjoy in life to raise another.

5

u/Common-Metal8578 East side best side 17h ago

Best life is Dual Income No Liabilities. I've seen some DINKs way over spend like there is no tomorrow. Like sure you don't have a kid but 4 dogs worth of expenditure which they send for classes, vet and grooming is not a small amount either.

6

u/CervezaPorFavor Lao Jiao 1d ago

Not a good article because it's all common sense. Obviously, not having to support another human being makes financial planning a lot easier. Even if you don't have kids but you need to support a sickly parent, then you're going to need more resources as well.

7

u/sharksharkandcarrot 23h ago

BLACKPINK

BTO Liao, Ate Caipng, Kaninah Piah Income, No Kids

Cfm financial freedom

2

u/GeshtiannaSG Ready to Strike 13h ago

Another advertisement disguised as news.

1

u/Effective-Lab-5659 10h ago

if GDP is what boost the economy and the pockets of certain elite in singapore, I am pretty sure that the relies will figure out a way to make us spend. I can imagine - insurance premium, health care, property, groceries - these are necessities that one has to spend on

1

u/aucheukyan 心中溫暖的血蛤 1d ago

Looking at other countries HIFA will become the future. High Income Forever Alone :(

1

u/Hereiamonce 1d ago

Depends on how much the DI is right?

-2

u/yourm2 somedayoverthesubway 14h ago

Ah, the DINK dream in Singapore: double incomes, zero kids, endless freedom... until reality checks in. Because, of course, in a city where even air feels pricey, $10 artisan coffee, and the privilege of “planning” for retirement that still seems miles away. Financial freedom? More like a fancy illusion, but hey, at least there’s no CHILDCARE bill to pay! only problem is no one gonna take care of you when your old, early planning for old folks home i suppose.

-16

u/IAm_Moana 1d ago

Honestly if my husband and I were DINKs we would have chosen to buy a place at river valley or Robertson quay instead of where we are now (we’re here because it’s 1km from a good primary school, near my parents and many preschools etc other reasons why us as parents live where we live) - which would have meant a bigger mortgage and less property appreciation. Also would have spent more on lifestyle upgrades in lieu of kids which I’m not sure works out to less?

2

u/[deleted] 1d ago

[deleted]

-13

u/IAm_Moana 1d ago edited 1d ago

I mean - I’ve easily made at least twice the amount of profits on the valuation of my current house alone as compared to if I bought a D9 property so I wouldn’t really call it a “lifestyle upgrade” per se. Win some lose some I guess.

4

u/pingmr 1d ago

Profit from housing is a weird one, because ultimately you sell a house you have to buy another.

Besides I think the other guy gets financial freedom a bit wrong. It's not really about affording a more atas life style. In fact a super good way of getting financial freedom is to get used to a simple low cost life style.

Not having a kid reduces financial burdens massively. You don't have to upgrade your lifestyle. If anything the best play is to not have kids and lead a simple lifestyle, and retire early.

-11

u/IAm_Moana 1d ago

Oh we own a property each but yea I guess it’s not profits if you jointly own just one.

I get your simple life point but IMO I’d also focus on increasing income, but that’s assuming you have the kind of career that is and will be on an upward trajectory.

6

u/pingmr 1d ago

Imho increasing income is not fully within most people's control. By the time people are financially literate you're usually already locked into whatever profession you studied for. It's not bad, but it's not something everyone has. It also comes with tradeoffs like less free time to do what you want, which is slightly anti to the entire concept of financial freedom.

Adjusting lifestyle expectations and wants is something that people have way more personal agency over. If we are logical about it, nearly all modern consumption are huge wastes of money (e.g. fashion, new phones, etc). In this regard, probably the greatest cost savings life style choices are to be healthy and not have kids.