A growing number of young Philippine couples are bucking tradition and choosing not to have children soon or at all. Known as dual income, no children (DINKs), they are a growing global phenomenon seeking to secure a more stable future in the face of economic uncertainty and to escape the pressures of parenthood in order to pursue personal goals.
The DINK lifestyle offers unique benefits, especially when it comes to financial planning and homeownership.
Advantages of DINK
DINK couples have the advantage of not having children, which means fewer or no expenses related to education, childcare and extracurricular activities. For example, Beth Gokauchi Chong, 34, and James Michael Chong, 36, have been married for 14 years and two years, respectively. They say they initially planned to become parents. Beth says, “We had been considering having children. Even before we got engaged, we had figured out where we would send them to school. But then we changed our minds. James has always respected my choice, so it wasn’t a very difficult discussion.”
The couple owns a home in their hometown and also owns a condominium in the city for its ease of accessibility. This indicates that DINK couples have a higher disposable income with two working adults in the household. For couples like Beth and James who want to enjoy their dream home, PSBank offers a variety of mortgage options for Filipinos to choose from depending on their needs. Get a new home, Build your dream homeor Undergoing major renovation workThere are mortgage products available to meet these needs.
Money and fun
Without the immediate financial responsibility of children, many DINK couples may have more opportunities to invest, and most couples focus first on saving, investing, and planning for the future.
Julius Vergel-Cruz, 36, a software engineer, and his food technologist wife, Maltby Cruz, 37, of three years were DINKS before they decided it was time to listen for the footsteps of a tiny human. “We decided as a couple that we wanted to save up and be fully prepared financially, mentally and emotionally before having children,” explains Maltby.
For all the costs to consider when taking out a mortgage, DINK couples consulted PSBank’s Loan Calculator You can estimate the monthly repayment amount that fits your budget. Online booking Contact a PSBank loan officer to receive personalized assistance with your mortgage inquiries.
Travel and exploration
DINKs tend to have active social lives, going out with friends and participating in group activities. Most couples also take advantage of their financial freedom by traveling frequently and exploring new destinations.
Engaged Gen Z couple Dos Santiago, 25, and Aiz Villena, 24, have been together for two years. Dos, a multimedia artist who works from home, and Aiz, a video editor and creator, say the lifestyle fits in with their work schedules and is stress-free. Dos emphasizes the flexibility of their life: “We can be as spontaneous or strict as we want in our lives. We just have to take care of each other and our cat. Our goal is to retire as soon as possible.”
For DINKs looking to purchase condominiums, PSBank, through PSBank Home Loan, offers easy and convenient access to financing with features such as one-day approval for those who apply for a PSBank home loan. Certified Developer.
PSBank also has convenient payment features that cater to the DINK lifestyle, especially those who regularly juggle work and travel. Loan payments can be easily made through PSBank mobile/online, Automatic Deposit Agreement (ADA) from PSBank accounts, dated cheques, over the counter at PSBank branches, InstaPay by paying/transferring funds from deposit accounts at other banks to your PSBank loan account, 7-Eleven outlets nationwide, and GCash.
Funding the Dream
The couples all live in condominiums and cited benefits such as the convenient location, proximity to supermarkets, hospitals and banks, and the safety and amenities of living in a condominium. They all stated that by choosing to live in an area close to their workplace, they are able to avoid traffic congestion.
Whether DINK couples have decided not to have children or plan to have children eventually, making the right financial decisions is important to find the right partner who will help them realize their dreams and build a future together. PSBank Home Loan offers faster loan approvals and convenient loan terms. PSBank offers mortgage products to suit every stage of homeownership.
For details on how to use, PSBank Home Loan For mortgage reservations, Learn more.
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Editor’s Note: BrandedUp is designed to bring you insightful, inspiring and educational content created by PhilSTAR L!fe in collaboration with brands such as: PS Bank.
