Money saving tips for single Brits: how to save instead of skimp while on the dating scene

Single life is supposed to be stress-free, with no need to splash out on Christmas or Valentine’s Day.

But it seems you can put a price on freedom as decoupled Brits are forced to pay their wages in bills and expenses.


Single Britons pay the price of freedom and leave hundreds more than couplesCredit: Getty

Without another half to split the cost, singles are faced with splitting most of their income just to live each month.

It means singles also find it harder to save, as they only have a little cash left over.

Research by Hargreaves Lansdown claims lone wolves earn an extra £860 a month compared to couples living in the same size property.

Even those flying solo are penalized by prices in supermarkets and restaurants, as food is often aimed at a minimum of two diners.

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Singles are spending around £1,851 to keep their household running each month, while couples spend just £991.

But luckily, there are some handy tricks to learn how to save instead of skimp while going it alone.

Seconds The edition of moneyif you’re a party of one, you can reduce your spending by keeping these simple tips in mind.

To avoid paying the price for your love life, first audit all your monthly expenses and what you can afford to lose.

This could be as simple as switching your broadband deal to a cheaper alternative, as you’ll need less bandwidth without a good one eating it up too.

Singles can also save money by claiming a reduction in council tax with the ‘single person discount’.

If there is only one adult living in your home, you could get 25% off your bill, while those supporting students or someone with a severe mental disability can get 100% off.

Those who like to be alone may miss a significant other to cuddle up to during the winter as energy bills rise.

But luckily, you don’t need a spouse to cut your expenses, just a little DIY.

Try some insulators and draft excluders to keep the heat and money in your pocket.

You can also apply for government grants under the Energy Company Obligation (ECO) scheme or the ECO Plus scheme, which include loft and cavity wall insulation.

Other tips to banish the winter cold and big bills include installing window film, heating only specific rooms, and using energy during off-peak hours.

Singles can also struggle to pay for streaming subscriptions and their TV license costs.

Take inventory of your listings and make a decision to drop some, or simply find the best deal.

Some phone providers, such as 02, offer several benefits to customers, such as 6 months of free Disney Plus.

If you’re a streaming fan, you might want to consider whether you should go ahead and get a TV licence.

You only need one if you’re watching shows that are broadcast live on services like BBC iPlayer, ITV Hub, All 4, YouTube, Amazon Prime Video, Now TV, Sky Go and more.

But you don’t need a license if you only use these services to stream shows on demand or to catch up.

If you’re a lone wolf, you may have noticed that the grocery store is getting considerably more expensive, even without buying for two.

Smaller prepared meals and meat for one often cost more than multipacks, but you can still save money at your store.

Make it your mission to scour the aisles for the best bargains and shop in the evenings for bargains.

Take advantage of loyalty programs and enjoy the fact that you can buy your favorite snacks, which probably fit in a basket.

Brits can also buy bigger packs of food and freeze what they don’t use to make their food go further.

Shopping at different stores and sticking to their budget ranges will also see your bills go down.

Turns out you don’t need a partner to help bolster your bank balance, and a heavy blanket works just as well as a cuddle buddy.

Sarah Coles, from Hargreaves Lansdown, said: “You can put a price on freedom – being young, free and single costs an extra £860 a month and two-thirds of your financial capacity.

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“Single people have less savings and less cash at the end of the month.

“They also pay the price in the long term, because they are less likely to build equity in a property or save enough to be on track for a moderate retirement income.”

Cut your unnecessary expenses and do some DIY to lower your bills


Cut your unnecessary expenses and do some DIY to lower your billsCredit: Getty

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