We talk a lot about couples on our website, but we aren’t oblivious to the fact that many of our readers are single, and that our single readers have different needs and questions than our other readers. Our single readers have no one to be accountable to except themselves. They have to do everything on their own. That means they need a lot of information on how to plan for the future, and no one to help them acquire it. What do they do when they want to make a budget, or start saving for retirement or pay off debt? Well, these are the first 2 steps they should look at when they are ready to get on track.
The first steps they should take toward getting their finances in order should be to find a person to whom they can be accountable. This can be a parent, a best friend or even the pastor at their church. It doesn’t matter who they choose, it merely has to be someone that they can trust with their private information that also has good financial sense (this doesn’t mean the person with the flashiest car or house, because those people are usually in debt themselves). After finding someone to help keep them on “the straight and narrow path”, they need to sit down and write out their budget. Don’t know where to begin? Well, for now I’ll suggest this form to help you singles get started (be on the lookout for a better form from us in the future). The important thing, no matter if you’re single or in a relationship, is that you’re on a plan and working toward a goal (hopefully to be debt free and saving for retirement).
We always encourage our readers to leave comments with questions they might have and today is no exception. Single or married, feel free to ask us what steps to follow up with, or any other questions you might have!
Tags: accountability, Budgeting, cheerleaders, Financial planning, Personal responsibility
