The single life can be grand, but it can also cost you several grand a month to maintain a lifestyle to which you could become accustomed, therefore, you need to follow this quick and easy guide for bachelors looking to save money and still have a good time.

Cut back on your gadget intake. If you are trying to make ends meet or just want to be able to afford to save a little money for a rainy day, look at the gadgets and accessories in your life and think about which ones you really need and which you can go without. For example, do you really need pay TV with extra HD channels and recording functions which you don’t know how to use (or remember to use)?

Subscription television can be several hundred dollars each and every month and that’s after you’ve paid to have it installed and surely a bachelor like yourself has better things to spend his money on. Instead why not hire movies rather than subscribing to the movie channel – if you remember to return them before the due date it’s much cheaper. Or watch sport at the pub, you’re probably there anyway – that’s why you don’t remember to record your shows at home!

And what about that phone with all the internet applications, can you cut back on that and have a phone which just does the things you need it to do? You can after all check your email and use the internet at home – or better yet, while you’re at work.

Cut back on your takeaway intake. Ordering takeaway and having pizzas delivered is great but the costs really add up when you do it a lot. Therefore, to save money on your bachelor lifestyle cut back on the amount of takeaway you order. Cooking and eating at home will save you money and make you feel better when you have a proper meal rather than one between two buns.

You can even save money on your shopping as you take back your kitchen by examining what’s already in your cupboards before you visit the supermarket. You’ll probably find a lot of cans and pasta packets that will feed you for a week before you have to spend money on groceries yet again. before you go to the supermarket next time, remember to make a list of exactly what you need to save you money on buying things you think you need, and forgetting the things you really did need and having to make two trips. Making a list will also help you avoid stocking up on more junk food at the supermarket because if it’s in your bachelor pad, you’re going to eat it – so don’t bring it in. Cutting back on junk food saves you money too, and will go even further to making you feel better and keeping you in shape, two important factors for a bachelor on the prowl.

Save money on your dates. You don’t need to be a complete tight arse when it comes to the girl of the hour, just make some simple cut backs to save you money and she probably won’t even notice. For example, split the bill when you’re at a restaurant for dinner she’s probably already suggested it anyway and instead of immediately brushing off the idea to appear chivalrous, share the cost. To save on pre-dinner drinks which can be expensive from a bar or restaurant, you could have drinks at your place or hers before you leave. Or to save on your fuel costs suggest to meet your date at the restaurant or bar so that you don’t have to drive out of your way to pick her up and drop her off.

Return home. You don’t have to go back to living at home to save on your rent, but your parent’s place can be a hive of money saving tips and tools for a bachelor. For example, invite yourself to dinner one of two nights a week to save on meals for yourself, or do your washing in your mum’s machine instead of going to the laundromat or powering up the clothes dryer on your own power bill. Plus, before you go out and buy household items for your bachelor pad, see whether your mum has anything you could use. Your parents’ house will be a treasure trove of unused linen, packed away dinner sets and mismatched dining chairs which you can commandeer to save you money in furnishing your home.

Use a dedicated savings account. If in the course of helping you with your washing your mother neglected to mention the importance of a savings plan, you need to start one now, because if you are going to be more conscious about your spending habits, you should also keep track of the savings you are making. To help you with this step, open a dedicated high interest savings account which you can operate primarily online. In this way you can make instant internet banking transfers to your savings, plus you don’t have access to the account with an ATM and withdraw card to spend up big on a night out with the boys. A savings account will also allow you to set up a regular transfer from your everyday account to your savings fund every payday. In this way you are paying yourself first , contributing to your savings growth and you won’t even notice because the transfer is automatic.

A savings account can help you save for a bigger bachelor pad, a newer and more impressive ride, or for the deposit on a house if you don’t want to be a bachelor for the rest of your life.

This is a guest post from Jason Bentley. He writes for Savings Account Finder, where he helps people to compare term deposits and savings account online.

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5 comments

  1. Danielle // January 25, 2010 at 10:50 AM  

    These are all great suggestions for a single person (I not a bachelor as I am female!:)). One suggestion that might be good for dates is to let the girl pay for the tip. I know a lot of my male-friends that won't let me pick up the tab but they will let me leave a tip, it can save a good 10-20 dollars depending on where your at.

    PLUS cooking at home makes you much more attractive to a female once you learn how to do it and can show it off. So its worth test-driving at home once a week instead of take-out for the long term (plus probably healthier).

    I'm glad to have found your blog and am now a follower, I have a money-related blog at
    http://dollard.wordpress.com/ and a personal 'more fun' blog at
    http://auddaniellesblog.blogspot.com/. I would love for you to check either out (especially the money one as we have commonalities there) and give me your thoughts and suggestions!

    Look forward to reading more!
    Danielle

  2. Julie // January 26, 2010 at 5:16 PM  

    I hope those tips about dating and returning home are a joke!

    "meet your date at the restaurant or bar so that you don’t have to drive out of your way to pick her up and drop her off."
    I support everyone driving themselves to dates, but seriously? Why even bother going on dates with this attitude, clearly dates only exist to waste your "bachelor" money.

    All of the advice about mooching off of your parents is ridiculous. Invite yourself over for dinner? Why do you think your parents are in a better financial situation to feed an extra person than you are to feed yourself? And yes, by all means, you should definitely use your parents' power instead of your own, they're your parents, they should keep supporting you as long as possible! Nevermind that they're probably closer to or actually in retirement and they should be watching their own budget and enjoying having produced self-reliant children. Clearly this "bachelor" is still a child and will be a bachelor for a long time.

  3. Jason B. // January 26, 2010 at 6:39 PM  

    Danielle, I am glad you liked the post and great ideas. Letting your date pay the tip is a great idea and cooking at home is brillant too.

    Julie, sorry if you did not like the tips

  4. Lizzie Schebesta // January 27, 2010 at 8:59 PM  

    Very interesting to get the inside tips about bachelors are up to! As a bachelorette, I found your comments pretty helpful too, particularly the mooching off the parents. To be honest, and maybe this is true of a lot women today, I feel uncomfortable when a man pays for all the expenses on a date. I agree with Danielle that home cooked dinners are definately the key!

    Sydney festival is full of free events at the moment, which can be very romantic and low on costs.

  5. JJ // February 11, 2010 at 1:11 AM  

    I feel that if a man is a gentleman he will care that his date gets home safely... by driving her, putting her in a cab or walking her to the bus (which is how I get home) BUT to suggest that you can save money by not picking her up and splitting the bill? Sure, after the first couple of dates, but NOT in the beginning when you are supposed to be trying to woo us and impress us. Looks like this will be SINGLE guy money for a long time if you follow your advice :-)