Some people love the single life, no commitment to children or a partner, no need to share your hard earned paycheck with anyone else but you and yourself. While you are free to do pretty much whatever you want, there is still need to save money in case things get out of control or there are financial restrictions in place. Indeed, if you don’t have a partner who can save you from a rough economic patch, you need to learn to be your own saviour.
So take a look at our saving tips for single people to make sure you can build yourself a safety net.
Take out a bank account which is best for you
While it may seem easy just to go and get a bank account, a little bit of research will go a long way. Different banks offer different accounts for people, and they all have various incentives for using them over a competitor.
If you can find a bank with a real interest rate, you’ll be able to save a little bit of money each month or year by using the interest you’ve accumulated. As is the same with a property: where you store your money is a question of location, location, location.
Look for cheap ways to pass the time
Entertaining yourself can be a costly hobby if you let it. There are more inexpensive ways to go out and have fun than you would initially think. You just need to find things to do which aren’t expensive, like going for a long walk in nature or staying at home and just putting on a movie. If you fancy a night out, look into “bring your own booze” bars which are generally cheaper than the average. Going on a date? Why not (re)discover the museums you have around! The Brits are lucky enough to be able to enter most of them for free, and that’s more than the French get…
If you fancy a night out, look into “bring your own booze” bars which are generally cheaper than the average. Going on a date? Why not (re)discover the museums you have around! The Brits are lucky enough to be able to enter most of them for free, which is more than the French get…
Overall, there are many ways that you can save money and still have fun. The key for most things is moderation in whatever you do. If you’re going to enjoy yourself with your money, then you need to make sure that you stop to consider the consequences of too much spending, and that you’ve got enough put away for emergencies or even just the basic bills.