Being single can get pricey. Especially when you have to consider budgeting for survival and budgeting for dating. And by survival I mean your basic necessities such as rent, transportation, food. And for dating you have to an amount of funds for transportation, clothing and grooming, etc, etc.
So as savvy singles we have to figure out a way to manage money for both living and our pursuit of love. Here are a few starter tips that would benefit saving money for both.
1) Count your pennies. Both literally and figuratively! Any spare coins put them in a container and save them and don’t touch it, this will be your rainy day fund or emergency money. Most people just throw coins away or don’t really count them as much. When you start putting them away in a safe or jar to get them out of your wallet, it will add up. Once the jar is full you can take it to any coin machine or bank and turn those coins into dollars which you can use for a treat or for good measure deposit in your savings account.
2)Keep an eye open for a deal. This applies to clothing and dining. Sales are your friend for both work and play attire. Use sites and apps, like RetailMeNot or Groupon and LivingSocial. Both expand the deals you are getting and also find new date experiences at a reasonable price. Also don’t be afraid to shop around for a good deal, especially clothing and food. You can cut grocery expenses by using coupons to get more food and have more in your pocket.
3) Budget! Take a moment and sit down and write out important expenses and calculate how much you’re spending over how much you’re making. Whatever is left from that equation try to budget how you’d spend it. Also with budgeting, it is always smart to put a little aside every month if possible even if it’s just $10 dollars.
4) Saving Saving money can be hard. But it’s always a good practice to start. I’m a avid believer of saving a bit for a rainy day in addition to saving for emergencies and incidentals on dates. I always try to have some money saved when going out on a date. First, because it’s never good to assume the person your seeing is going to pay for everything and next, it’s always good to have cab money on hand. So have a bit of money saved when going out and saved for life. Saving for life can be the most important saving you’ll ever do. You never know sometimes when a bill may arise or some unexpected expense and you’ll be glad you had that extra $100 dollars saved.
5) Last tip, learn the art of saying “No”. NO to yourself, NO to your friends, and even sometimes NO to a date. Some people get in a habit of always saying yes, causing them to over extend their budget. You have to think if you say yes to a new phone, you may want to say no to going out to that restaurant with friends. You have to know your limit budget wise. In knowing your limit and your budget, you have an understand of where you can say no or yes. Above all stick to it! If you know you have $50 dollars till next payday, pass on that new outfit and maybe you’ll be able to say yes to something more in your budget.
Finding the one you want to spend your forever with can be full of ups and downs. But the smartest thing you can do is make sure your the money in your wallet isn’t one of the downs.