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Home» Questions»Q 96653
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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

Crystal
CrystalKnowledge Seeker
Asked: September 11, 20232023-09-11T09:08:34+00:00 2023-09-11T09:08:34+00:00In: Money & Business

Am living alone, can I still save money ?

Am living alone, it’s not easy, am buying everything by myself.

How can I still save money with this situation.?

I know experience is the best teacher.

I want to hear from you.

 

money saving tipssavings
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5 Answers

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  1. Suba
    Suba Knowledge Seeker
    2023-09-22T02:44:56+00:00Added an answer on September 22, 2023 at 2:44 am

    If you are living alone, of course it will be very easy to monitor and evaluate all your expenses and you will also determine fixed costs or basic needs every month, such as fees, food and drink, electricity, water, apartment rental, etc. Next are variable costs, such as watching films, going to cafRead more

    If you are living alone, of course it will be very easy to monitor and evaluate all your expenses and you will also determine fixed costs or basic needs every month, such as fees, food and drink, electricity, water, apartment rental, etc. Next are variable costs, such as watching films, going to cafes, etc. Next, you need to prioritize saving by reducing variable costs. If possible, buy investment instruments such as bonds, shares or mutual funds. Personally, I have also stopped using credit cards, and avoided Paylater purchases.

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  2. Abigael
    Best Answer
    Abigael Trusted Adviser Abigael
    2023-09-12T19:27:04+00:00Added an answer on September 12, 2023 at 7:27 pm

    Personally, I believe that when you are living alone, that is the best time for you to save. This is because it is so easy to manage yourself as an individual. Unlike when you have to manage money that serves several people. You need to budget your money well by starting with specifying your needs aRead more

    Personally, I believe that when you are living alone, that is the best time for you to save. This is because it is so easy to manage yourself as an individual. Unlike when you have to manage money that serves several people.

    You need to budget your money well by starting with specifying your needs and wants. Prioritize your needs while also satisfying a few of your wants.

    Then invest money that remains after your expenses. Investing helps you save money while giving you a way to grow the money.

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  3. deucher
    deucher Active Contributor
    2023-09-11T12:47:16+00:00Added an answer on September 11, 2023 at 12:47 pm

    As for me, living alone is still more profitable than living with someone because you don't have to spend your money on someone else's purchases and it's not a fact that your girlfriend or whoever you would like to live with will also earn money and you will divide it between you, so as for me, in tRead more

    As for me, living alone is still more profitable than living with someone because you don’t have to spend your money on someone else’s purchases and it’s not a fact that your girlfriend or whoever you would like to live with will also earn money and you will divide it between you, so as for me, in this situation, I would definitely choose to live alone and spend money on my own things and save on what I want, not on what is beneficial for both of us

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  4. Eminado
    Eminado Active Contributor
    2023-09-11T12:15:13+00:00Added an answer on September 11, 2023 at 12:15 pm

    As a independent person feeding on yourself, saving money is often complicated due to bills and other expenses, all your earning may earn on your daily expenses. But independent person can still save even with the difficulties, it's all about calculation and increasing your earning rate to help growRead more

    As a independent person feeding on yourself, saving money is often complicated due to bills and other expenses, all your earning may earn on your daily expenses.

    But independent person can still save even with the difficulties, it’s all about calculation and increasing your earning rate to help grow your earning.

    As independent person, exercising consistent and budget is important because it won’t allow you hungry for unnecessary Jewel but rather build budget plans.

    Independent person can surely save when he or she exercise consistent and budget.

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  5. Godson
    Godson Active Contributor
    2023-09-11T11:45:15+00:00Added an answer on September 11, 2023 at 11:45 am

    Yes, you can still save money while living alone. Saving money often depends on your income, expenses, and financial discipline. Create a budget, cut unnecessary expenses, and set aside a portion of your income for savings each month. Living alone can make it easier to control costs in some areas, bRead more

    Yes, you can still save money while living alone. Saving money often depends on your income, expenses, and financial discipline. Create a budget, cut unnecessary expenses, and set aside a portion of your income for savings each month. Living alone can make it easier to control costs in some areas, but it also comes with responsibilities, so managing your finances wisely is key.
    Certainly, living alone doesn’t prevent you from saving money. In fact, it can sometimes be easier to save money when you have full control over your expenses. Create a budget, prioritize saving, and look for ways to reduce unnecessary spending to build your savings over time.

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