LIFE is not always better in a couple – but it is cheaper.Singles are stung in the pocket all year round.
They can spend up to £12,000 extra anually, as they are unable to split rent and bills.
Life is not always better in a couple – but it is cheaperCredit: Getty
That figure includes the average yearly costs of having a car, with single folk footing the whole £2,230 themselves.
It also includes the extra £375 they may pay for holidaying alone, and the extra tax savings that married couples might be able to make from using their Marriage Allowance.
There are many extra costs that crop up for singles, from house repairs to insurance.
Danni Hewson, head of financial analysis at investment firm AJ Bell, says: “People on their own need to make their money work harder.
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“They need to find every possible loophole and take advantage of every deal.”
Mel Hunter gets single-minded on cutting costs.
Bills for one
A SINGLE person spends about £1,851 a month on bills and food, compared to £991 if you’re in a couple, according to financial services provider Hargreaves Lansdown.
Hewson says: “If you live alone and have a spare bedroom, it’s worth considering whether you can rent it out to a lodger or on Airbnb to cover costs.”
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A single person spends about £1,851 a month on bills and food, compared to £991 if in a coupleCredit: PA
The Government’s Rent A Room scheme means you can earn up to £7,500 a year tax-free from letting out a furnished room.
If there is only one adult living at home, you can claim a 25 per cent reduction on council tax.
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Also, only pay for the broadband you need.
With fewer devices, you won’t need the most speedy – and costly – service.
Look for refer-a-friend deals before signing up.
For example, for every installation referred to TalkTalk by an existing customer, both receive a £50 gift card.
Paying for fun
YOU will often pay more for days out, holidays and entertainment if you can’t split costs or get a joint membership.
However, singles can still take advantage of two-for-one deals by teaming up with a pal.
For example, a Two Together Railcard can be shared with the person you travel most often with.
You don’t need to live together.
Solo holidaymakers can try asking operators to waive a single traveller supplement on package trips.
The supplement makes the cost more than half the amount a couple pays.
Check out websites friendshiptravel.com and solotravelerworld.com for no and low-supplement group trips.
Many cruise companies now offer single cabins, too.
Disney+ is following Netflix and stopping people in different households from sharing a basic account, making it more difficult for single folk to share streaming …