Minimalist Lifestyle Why It Pays to Be Single (Infographic) Read the Article Open Share Drawer Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on Tumblr (Opens in new window)Click to share on Pinterest (Opens in new window)Click to share on LinkedIn (Opens in new window) Written by Mint Published Feb 10, 2020 2 min read Sources Advertising Disclosure The views expressed on this blog are those of the bloggers, and not necessarily those of Intuit. Third-party blogger may have received compensation for their time and services. Click here to read full disclosure on third-party bloggers. This blog does not provide legal, financial, accounting or tax advice. The content on this blog is "as is" and carries no warranties. Intuit does not warrant or guarantee the accuracy, reliability, and completeness of the content on this blog. After 20 days, comments are closed on posts. Intuit may, but has no obligation to, monitor comments. Comments that include profanity or abusive language will not be posted. Click here to read full Terms of Service. It can be hard being single, especially when Valentine's Day rolls around, and you see others celebrating their relationships. It’s equally difficult when TV shows and movies portray relationships as the gold standard that everyone should strive for. The truth is that being a party of one comes with plenty of benefits. You have more time to figure out who you are and who you want to be. Spontaneity comes easily because you don’t have to consider what your partner wants. You may even pick up an interesting new hobby. One of the best benefits of being single is the opportunity to whip your finances into shape and save a ton of money! For example, consider your monthly grocery budget. The United States Department of Agriculture estimates that the monthly cost of groceries for women under 50 is about $256. For men under 50, it’s about $302. Meanwhile, the monthly grocery cost for families of two is about $613. Let’s do some quick math. That means each partner winds up paying about $307 per month. That’s $51 more than a single woman would pay for groceries each month and $5 more per month for men. (That’s not to mention that, if you’re single, you’ll likely spend a lot less on going out for food!) Additionally, if you’re not in a relationship, you can live simply, take up a side hustle, and even qualify for more financial aid than you would if you had a partner. Explore the infographic to learn exactly how much you can save by being single and what steps you should take to set yourself up for future success. Previous Post Lessons Learned from 6 Years Without a Car Next Post How to Get Rid of Sentimental Clutter and Spend More… Written by Mint Mint is passionate about helping you to achieve financial goals through education and with powerful tools, personalized insights, and much more. More from Mint Sources CNN Money | USDA | Elite Singles | National Retail Federation | Huffington Post | Forbes | National Center for Education Statistics | RENTCafe | The Balance | Social Security Administration | Psychology Today | Daily Mail | American Psychological Association | BBC | Science Alert Browse Related Articles Mint App News Intuit Credit Karma welcomes all Minters! Retirement 101 5 Things the SECURE 2.0 Act changes about retirement Home Buying 101 What Are Homeowners Association (HOA) Fees and What Do … Financial Planning What Are Tax Deductions and Credits? 20 Ways To Save on… Financial Planning What Is Income Tax and How Is It Calculated? Investing 101 The 15 Best Investments for 2023 Investing 101 How To Buy Stocks: A Beginner’s Guide Investing 101 What Is Real Estate Wholesaling? Life What Is A Brushing Scam? Financial Planning WTFinance: Annuities vs Life Insurance