8 Times When Your Wallet Benefits From Being Single
Molly Joshi Posted On January 17, 2019 
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Being single is personal choice many singaporeans are making. The biggest advantage if you are single is that you have more time for yourself. There are definitely other rewards related to being single. Let’s talk about the finances and how your bank account benefits from your status.
When Buying Food
Have you ever tried feeding an extra mouth? As a matter of fact, an extra mouth means an extra coin. Preparing and cooking for more than one person consume more time and money. Whether cooking food at home or buying in a restaurant as a single person it’ll always save you some little penny.
When Buying Grocery
As a single person you don’t have to fill your refrigerator with groceries, only buy what is enough for your stomach. You may find that at times it is not even necessary to have a stock of groceries especially if you spend little time in the house. For fruits, you can actually have a stopover at the market and take what is just enough for the day to avoid wastage. This will save you a great deal on your finances and ensure that your dear wallet doesn’t run dry.
When Paying Debts
Being single gives you an opportunity to have full control on your money and debts. You aren’t responsible of any other person’s debt as it is in the case of married couples where your debt is my debt as they are bound by their vows ‘’ for richer and for poorer’’. As a single person, you are at liberty to make your credit decisions, which of course are within your means thus saving you on huge interest and the risk to default.
When Focusing on your career without feeling selfish
If you ask those who are married, they’ll tell you that some decisions on things like education and career are no longer personal decisions. As a family person, you need to seek permission and look at circumstances before making any switch. But if you are single, nothing limits you from any kind of switch over any time, changing career and even working extra hours, it all your time and your decision only.
When it’s time to enjoy Life
When it comes to enjoying life, you just want to be single as the budget is considerably low. Outings, pubbing , clubbing , dining out all becomes easier as you are paying as a single person. When it comes to traveling and seeing the world, as a single person you are only limited by your budget, your imagination and the amount of time you can take off from the job. Travel doesn’t have to be expensive or lonely just because you are single, you can get tour companies and go on vacation with other teams.
Holidays and Gifting
We mostly spend a lot of money during the holidays. Making that special person feel even more special occasionally can be demanding. Expensive gifts, luxurious holidays etc can dig a hole in your pocket. If you are single you surely will save a lot at such instances.
When it comes to Buying Happiness
Who said that you cannot buy happiness? The truth of the matter is, people spend on others just to make them happy. If you are still in doubt, then why does a man take his girlfriend for coffee, dinner and picnics? Is it not to make her happy? As a single person you don’t have to justify your spending, and in any case, you owe nobody some happiness.
When it comes to finding a partner or a mate
Most people spend a lot of money trying to woe somebody into a relationship. Some even go as far as taking them for picnics outside their countries, buying them some extravagant gifts such as cars and houses and spending so much on their birthdays and such like events. As a single person, there is zero spending on this which gives you an opportunity to save and remain liquid.
Conclusion
Besides what we have discussed above, there is a bunch of benefits to being single and most of them go beyond the obvious. If you are still worried about being on your own, just explore more ways that can actually make your life better as a single person. There are amazing opportunities, despite the fact that it is not easy at first.
You may also like to read:
Challenges of Retirement Planning for a Single Parent
