Property News · July 25, 2010

How to cut the costs of living alone


While living alone brings more freedom, a downside is that there’s no one to share bills with. Here are some ways single people can get a better dealYoung, free and single is a description that conjures up thoughts of a happy-go-lucky, worry-free lifestyle. But while living alone might come with its advantages – such as exclusive rights to the duvet – the financial disadvantages can be enormous.The cost of managing a mortgage or the rent, bills, cooking for one and holidaying alone can add a hefty premium to a singleton’s lifestyle compared with their coupled-up friends; last week, research put this at a typical £250,000 over a lifetime. Increasing numbers of people will find themselves incurring this sort of financial “penalty”, with the number of one-person households forecast to increase by 5.4% to reach 8.8 million by 2014, according to Mintel and Office for National Statistics data. Continue reading…

Source : theguardian.com
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