8 ways that singletons can save

BEING single during the cost-of-living crisis can feel like the odds are stacked against you - but you're not alone, and we're here to help.

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While we can’t change the housing market or eliminate the so-called “single tax” that comes with living solo, gaining a clearer understanding of your spending habits can be a powerful first step towards getting back on track.

From bills to socialising to cooking, here are simple ways to cut costs across all areas of your life.

1. Be open and honest about your financial situation with loved ones

“Be honest with your friends about how your finances are,” advises Zoe Brett, financial planner at EQ Investors. “There’s all this pressure from social media to be going on a ski holiday or to that trendy new bar, and if you can’t afford it, or if you've just got other goals where your money is better spent, be honest with your friends about it.

“If they're real friends, they're not going to care if you can’t go to that fancy restaurant - they'll find something cheaper to do.”

2. Shop around for the best deals

“Always look for a better deal when bills are coming up for renewal,” recommends Johanna Mason, CEO of Cherry Dating. “For example, let’s say my car insurance is up for renewal. I won't sit there and just accept that offer. I'll go and have a look and see what else is out there to try and reduce the cost. If you go on comparison sites, you can get some massive savings.”