According to some financial experts we spoke to, the fact that there is more money and lesser responsibility makes ‘dink’ families predisposed to overspending. Overstretching the budget, in fact, is the most common trap that many dink families fall into. Couples with no kids have the potential to save way more than they spend, but often they save about 10-15% of their income,” he said. Wrong investments: The trap of buying wrong investment products or being over-exposed to a particular asset class is not the bane of dink families alone. This means that dink families need to be make a conscious effort to plan for the long term.

Source: Mint September 04, 2016 15:00 UTC