Are you single? Don’t be discouraged, though. Being single has substantial advantages as well as downsides. When it comes to money, single people just have to think about their own financial situation. One does not need to consider their partners when making financial decisions.
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So we’re here to cheer you up with money-saving ideas if you are single. In this week’s #It’s Time edition, we’ve taken on the task of making you feel good about being single, at least in terms of finances. Being single has financial plus points; let’s find out what they are:
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You Can Have A Housemate Who Will Share The House Rent Burden With You:
It’s not like you can’t have a housemate when you are living away from family and dating someone, but it is clearly not easy, right? You pay your fair share if you rent, but if you own your own home, a housemate or two may be able to cover your full mortgage.
One can also consider community living or cooperative housing as another low-cost housing option when single. It may appear unusual at first, but it is only another method of sharing family expenditures and obligations in order to make life simpler.
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No Need Of Being Concerned About Anyone Else’s Debt
When it is one person’s debt, the other automatically has to pay it off collectively. That’s how some relationships work. But don’t worry, you are single. Now do you want to thank God for that?
Can Concentrate On Side Hustles
Being with someone is a wonderful feeling, but it demands a lot of nurturing. It requires dinner nights, entire weekends, and whatnot. When dating someone, most of your time is spent with your partner. Apart from your regular job, you should have spare time if you want to earn extra. When will that happen? Only when you are single. That means you’re free to seek side jobs and make extra money in your spare time.
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Single Parent? Don’t Worry You Still Have Advantages
Emotional challenges that come with divorce or the loss of a partner are many, and no money-saving tip can help overcome them, but when we talk about help, everybody needs that in such difficult times when you are handling everything by yourself. There are options like student scholarships at a few schools,colleges, and universities for parents who are single and trying their best to provide the best for their kids.
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When You Are Single, You Have More Freedom To Live Frugally
If you are single, you have no such constraints on living a certain way. You may relocate to a cheaper location without thinking about someone else. You can do whatever you want, wear whatever you wish, eat at an affordable restaurant, etc.
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Last But Not The Least, You Don’t Have To Pay For A Wedding
Well, a wedding is considered one of the biggest expenses of life, at least in Indian culture. The majority of the population wants it in a “big way.”
Marriage and the wedding event are things that can be worked out another day. In the meantime, invest or spend your money on your own hopes and goals.
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Disclaimer: By all of the above suggestions, we are not encouraging you to stay single or die single, but at least when you are, you should think of saving and investing as much as you can until you find the perfect one for you. Till then, happy saving and happy investing.
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