Whether you’ve been single your entire life or you are yearning for a marriage or long-term relationship, financial stability is more than likely a priority in your life. Before you commit to someone for the rest of your life, “in sickness and health,” and more importantly, “for richer or for poorer,” make sure you understand the financial consequences of your relationship with your significant other. Breaking up or being single may be tough, and while marriage and relationships obviously have benefits, being single has some financial benefits that are worth the season of solitude.
Time is money. When you are single, you have time to focus on yourself and spend the time you’ve got the way you want to spend it. No longer do you have to ask your significant other what they would like to do that weekend. Instead, you invest the precious time you are fortunate to have to better yourself and grow on your own without having your time being stolen from you.
Being single means one less meal to prepare. That’s right. Say “hello” to Pinterest meals for one!
Another way to save more money when it comes to food is to split grocery costs with a roommate, make a copious amount of food and have leftovers for days. Also, most couples tend to eat out more than they cook together, which is more expensive than preparing food in the comfort of your own home. No longer do you have to argue about or take into consideration another person’s opinion about where to dine out, or justify any of your spending habits for that matter.
In relationships, we feel obligated to exchange gifts for every holiday and every birthday. If you are relatively festive that would be an average of 10 gifts per year, and if your SO has expensive taste and their love language is “Gifts,” go ahead and prepare for a deep, dark hole in your wallet. Usually, the money we spend on our significant other is spent on things they do not even need, so why do we put ourselves through this torture? When you’re single, you no longer have this obligation.
Ultimately, money can’t buy love or happiness, but it can and does buy everything else. So, whether you are single, married or dating, be smart and work hard to maximize the money you earn. And if you’ve just gotten out of a relationship and you are heartbroken, know that things can only go up from here for you and your wallet.