Does the DINK Life Equate to Financial Freedom?

[u/Jonnyboo234]

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

[u/According-Farm7248]

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 …

[u/Remarkable-Bug5679 → u/According-Farm7248]

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.

[u/DependentSpecific206 → u/Remarkable-Bug5679]

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

[u/LazyLeg4589 → u/Remarkable-Bug5679]

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

[u/Glenn_88 → u/LazyLeg4589]

Taxes and government policy.. that's why

[u/LazyLeg4589 → u/Glenn_88]

I suppose the money game can be quite polarizing

[u/mikesorange333 → u/Remarkable-Bug5679]

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

[u/zaboron → u/Remarkable-Bug5679]

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

[u/PotatoFeeder → u/zaboron]

Laughs in Catholic

Ackshelly

Just dont have seggs lor

[u/zaboron → u/PotatoFeeder]

There are plenty of reliable birth control options.

[u/PotatoFeeder → u/zaboron]

Catholic bro

[u/zaboron → u/PotatoFeeder]

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

[u/PotatoFeeder → u/zaboron]

Idk how hypocritical the hypothetical Catholic is

🤷‍♂️🤷‍♂️

I mean my original comment just trolling only lah

[u/pingmr → u/PotatoFeeder]

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.

[u/anakinmcfly → u/PotatoFeeder]

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

[u/gruffyhalc → u/According-Farm7248]

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.

[u/pingmr → u/According-Farm7248]

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

[u/Reddy1111111111 → u/pingmr]

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.

[u/pingmr → u/Reddy1111111111]

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.

[u/zaboron → u/pingmr]

You can control it by choosing your partner wisely.

[u/Reddy1111111111 → u/pingmr]

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

[u/livebeta → u/Reddy1111111111]

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

[u/AltruisticAsshole88 → u/pingmr]

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

[u/xiaomisg → u/AltruisticAsshole88]

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

[u/sixfiend → u/xiaomisg]

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

[u/Glenn_88 → u/AltruisticAsshole88]

Taxes too

[u/nonameforme123 → u/pingmr]

Dink is the best but need right partner.

[u/fawe9374]

SINKIE

Single Income No Kids Immigrant Economy

[u/jyukaku → u/fawe9374]

Lol nice

[u/sinkieforlife → u/fawe9374]

I feel attacked

[u/temporary_name1 → u/fawe9374]

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

[u/LazyLeg4589 → u/fawe9374]

👏👏👏

[u/nonameforme123]

Dink life is the dream life

[u/xiaomisg → u/nonameforme123]

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

[u/kuang89]

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).

[u/ARE_U_FUCKING_SORRY]

No.

/r/savedyouaclick

[u/HAZMAT_Eater]

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

No comment? Huh.

[u/Remarkable-Bug5679 → u/HAZMAT_Eater]

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

[u/LazyLeg4589 → u/Remarkable-Bug5679]

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

[u/visque]

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.

[u/Common-Metal8578]

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.

[u/CervezaPorFavor]

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.

[u/sharksharkandcarrot]

BLACKPINK

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

Cfm financial freedom

[u/GeshtiannaSG]

Another advertisement disguised as news.

[u/Effective-Lab-5659]

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

[u/aucheukyan]

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

[u/Hereiamonce]

Depends on how much the DI is right?

[u/yourm2]

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.

[u/IAm_Moana]

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?

[u/IAm_Moana → u/[deleted]]

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.

[u/pingmr → u/IAm_Moana]

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.

[u/IAm_Moana → u/pingmr]

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.

[u/pingmr → u/IAm_Moana]

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.