Condo for 2: DINK couples share their lifestyle and financial journey while being kid-free

In the Philippines, more and more young couples are defying tradition, opting not to have kids right away or simply choosing not to have children at all. They are called DINKs or Dual Income, No Kids couples, and they are also a rising phenomenon globally, opting out of the pressures of parenthood to pursue their personal goals and to ensure a more secure future in the face of economic uncertainty.

The DINK lifestyle comes with unique advantages especially when it comes to financial planning and homeownership.

The DINK advantage

DINK couples benefit from the advantage of not having or fewer expenses related to education, childcare, and extracurricular activities because of not having kids like Beth Gokauchi-Chiong, 34, and James Michael Chiong, 36, who have been together for 14 years and married for two. They initially planned to be parents, they say. Beth shares. “We used to consider having kids. We’ve even thought of where we would send them to school even before we got engaged. Then we changed our minds. It wasn’t a very difficult conversation because James has always respected my choice in the matter.”

The couple maintains a house in their hometown and they also have a condominium unit in the city because of the accessibility that it offers. This shows that as DINKs, couples have higher disposable income by having two working adults in the household. For couples like Beth and James who wish to start enjoying their dream home, PSBank offers different home loan options that Filipinos can choose from depending on their needs, be it for acquiring a new home, constructing their dream home, or doing major renovations, there is a home loan product that can cater to these needs.

Funds and fun

With no immediate financial responsibility for children, many DINK couples may have more investment opportunities. Most couples also focus on saving, investing, and planning for their future first.

Julius Vergel Cruz, 36, a software engineer, and his wife of three years, Maltbey Cruz, 37, a food technologist, are DINKs until they decide it is time to hear the patter of tiny human feet. “We have decided as a couple to save first and be financially, mentally, and emotionally prepared enough before we start having kids,” Maltbey explains.

With all the expenses that need to be considered when getting a home loan, DINK couples can check PSBank’s loan calculator  to estimate the monthly amortization that suits their budget. They can also schedule an online appointment with a PSBank loan representative for personalized assistance with their home loan inquiries.

Travel and explore

DINKs tend to have active social lives, like 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 work-from-home multimedia artist, and Aiz, a video editor and creative, say this lifestyle fits their career schedules perfectly and leaves them stress-free. Dos highlights the amount of flexibility they have in life. “We can be as spontaneous or as rigid as we want with our lives, and we only have to look out for each other and our cat. The goal is to be able to retire as early as possible.”

For DINKs looking into purchasing a condo unit, PSBank offers easy and convenient access to financing via the PSBank Home Loan with features such as a one-day approval decision for those applying with PSBank’s accredited developers.

PSBank also has convenient payment facilities that suit the DINK's lifestyle, especially those who juggle work and travel on a daily basis. It is so easy to make loan payments through PSBank Mobile/Online, Automatic Deposit Arrangement (ADA) from a PSBank account, post-dated checks, over-the-counter at any PSBank branch, via InstaPay by paying/transferring funds from your deposit accounts in other banks to your PSBank loan account, at any 7-Eleven store nationwide, and GCash.

Funding 'The Dream'

The couples all live in condo developments, citing advantages such as the convenience of location, proximity to supermarkets, hospitals, and banks, plus the security and amenities of living in a condo property. They all say it helps them to avoid traffic, choosing to stay in an area that is close to their work.

Whether DINK couples are committed to going child-free or are planning to have kids eventually, it is important to make the right financial decisions to reach their dreams and find the right partner to help build that future together. PSBank Home Loan offers faster loan approval and convenient loan terms. PSBank has home loan products that fit every step of the homeowners’ journey.

For more information on how to avail of PSBank Home Loan and to book a home loan appointment, visit www.psbank.com.ph. 

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Editor’s Note: BrandedUp is designed to provide you with insightful, inspiring and educational content created by PhilSTAR L!fe in collaboration with brands like PSBank.