With today being Valentine’s Day, those that are single with they were in a relationship, and those that are not single, well they probably wouldn’t mind being single today. Of course, there are pros to being in a serious relationship, but strictly from a financial standpoint, your outlook could become a little more positive when you think of the ways that being single can actually help your bank account. Having a significant other can mean double the income if combining finances when you are married, but being single with a one income can actually be more of a positive.
Only Paying for Your Own Tab
Whether you are going out to eat or hitting the bar with a group of friends, the best part is that when the bill comes, you can pay your own way. When you are taking a date out, you can double that payment, especially if she is keeping up with you drink or drink, that tab can get quite high. Some can get away with “Going Dutch” on a date, but it is hard to accept the contribution from a date.
Save on the Grocery Bill
The burden on your wallet is eased when going out to dinner for sure, but when it comes to the grocery bill, shopping for one can have its perks. First off, you only have to buy the food for yourself, so you want to make sure that it will not go back and will last you, but at the same time, it may actually be cheaper to pick up carryout, although probably not healthier.
Don’t Have to Spoil with Gifts
Gifts can be an expensive part of a relationship, and spending Valentine’s Day alone means that you can skip on the flowers, chocolates, and dinner, while maybe spoiling yourself for a fraction of the cost. The holidays can leave a little extra in the wallet as well, not having to buy her or her family for that matter, presents.
Figure Out Own Financial Plan
When you get into a relationship there could be plenty of financial baggage that come with, so while you are single, it is best to figure out your own financial plan by setting a budget and make sure that debt is paid off, otherwise that could be a difficult conversation to have later down the road. Now would be a good time to make sure you have an emergency fund built up as well as a good jump start on your retirement account, so that once you meet someone you can continue down that path smoothly.
Enjoy Life When You Meet Someone
Life experiences tend to outweigh how much you have in the bank in my book, provided that debt is paid off, you contribute to savings accounts, and you have a cushion already built for emergencies and retirement.
See, it is not so bad at all, if you were feeling down about having to spend tonight alone, you could be better off saving money.