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Financial benefits of being single

Being single comes with its perks, it allows you unlimited freedom to live a life focused on other things that make you a better person. People who just came out of a toxic relationship will appreciate this better.

Speaking of finances, being without a partner and deciding to take a break from relationship will help you save more money. It will allow you focus on growing your finances.

Well, being single will help your finances in the following ways:

1. Cheaper rent

You could actually just choose to stay with your folks and pay little or some money monthly, as opposed to having to fork out money to [Lagos] landlords every year.

Even if you prefer the privacy and freedom of living outside your folk’ home, chances are that you will rent a smaller space than what you would need if you were married or living with a partner.

2. Spend less on food

Like I already wrote here, food is a very great part of dating and relationships in general. You are either getting food for each other, or making meals for two.

Single people do not have to worry about this. Less money on food means there’s more to save – if you choose to.

3. Side hustles

Having one job saps enough energy and time, imagine having two!

People who are in relationships always need time for each other so being in one could mean letting go of other money-making opportunities in order to make time for your partner and make the relationship work.

On the other hand, when you are single, you have time on your hands to pursue that money.

4. No pressure to spend

Valentine’s day, anniversaries, birthday celebrations, holidays, special dates and nights out, random gifts… here are expenses you get to miss out on when you are single and have no partner to bother about.

Of course, there will come a time when you will get a partner and making these expenses will be done gladly and with so much affection in your heart, but till then, you can save your money or spend it on spoiling yourself.

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