3 Financial Gains of Singleness

January 2021

By: Sam McManus

Being a single is no doubt a unique season you’re living right now.  You are afforded all sorts of opportunity, but have you ever thought about the financial opportunities you have right now?  While most of us will probably end up dating someone in the relevant future, we are (hopefully) saving a bunch of dollars by not being in a relationship.

A friend was recently telling me about the financial demands that his relationship with his girlfriend brings about.  Their relationship is not defined by money, but it requires a significant investment of cash to fund dates, meals, gifts, and much more.  I love that my buddy is able to pursue the woman he likes and work towards marriage, but I couldn’t help but think how financially demanding a relationship really could and will be.

Us single men have incredible opportunities to take the money we’d invest in a woman and repurpose it for other causes.  Here are 3 financial opportunities singleness affords us now:

1. Give More Often

I heard recently that the fastest way to receive is to give.  Though our primary motive for giving shouldn’t be to receive, we know giving is the right thing to do.  The money you’d normally be spending on rooftop dinner dates or hand delivered bouquets of flowers can be repurposed to help others in need.  Sponsoring a child overseas, buying groceries for your needful neighbor, or giving a more generous tip are all great ways to give the extra money you probably have as a single guy.

2. Save for Her

Guys, when the time is right and she comes around, she’s going to be expensive.  A few months ago, I decided to open a new savings account and name it “Engagement Ring Fund.”  I’ve taken small chunks from my paycheck and added it to this fund overtime, that way when the time for engagement comes around, I’m not scrambling for last minute odd jobs trying in order to seal the deal.

3. Reinvent Yourself

No doubt you’ve had some dreams of the person you could be spiritually, emotionally, or physically.  What better time than now to better establish yourself for the goals you want to hit in the future.  Maybe you have dreamed of getting in shape; invest some of your dollars into a personal trainer or a personalized workout app.  Or perhaps you need to attain a graduate degree for climb higher in your career; there is no better time than now to take some online classes and get closer to that promotion at work.  Investing some money into a counselor, books or even an online course are great ways to mature and cultivate growth in yourself.

Singleness is an incredible season that you may or may not have for much longer.  Use every opportunity you have now to reap the financial benefits of being out of a relationship.  Get creative and build an even more solid you with the extra dollars you have right now.