The ‘Invisible’ Bills Paid by Single People
- TBA
- May 7
- 3 min read
Updated: 2 days ago
Did you know that although singles might save on Valentine’s Day gifts, they end up spending at least a few thousand pounds more than couples every year on their daily living expenses. And that’s far more than the cost of any Valentine’s gift!
Single People Spend an Extra £2,533 Annually Compared to Couples!
According to data from Hargreaves Lansdown, single people end up paying significantly more across various aspects of life compared to couples. This includes rent or mortgage payments, council tax, energy bills, food, broadband, and phone costs.
Basic housing expenses — including rent or mortgage, council tax, and energy bills — cost single people an average of £7,974 per year, while couples each spend £6,215 annually.
Higher Food and Utility Costs for Singles
Since single individuals lack the advantage of bulk purchasing and shared cooking, they spend an average of £574 more on food annually than couples.
Data from CEIC indicates that energy costs (including electricity, gas, and fuel) in the UK average around £200 per month. Since singles have no one to share these expenses with, they typically bear the full cost, whereas couples can split these bills, reducing individual financial burdens.
Moreover, single people spend £828 per year on communications and devices, while couples each pay only £628.
Less Money Left at the End of the Month
Studies show that on average, at the end of the month, single people are left with just £42, while couples have around £341 left after covering their expenses.
Additionally, single people often tend to spend more on social activities such as going to bars, karaoke, and other entertainment venues, which adds further costs.
But even without factoring in these expenses, single individuals still end up spending around £2,533 more per year than couples.
How Can Single People Cut Living Costs?
1. Claim a Council Tax Discount
Single people can benefit from a 25% discount on council tax, which applies whether you rent or own your home. As long as you live alone, you’re entitled to this reduction. You may also qualify for a discount if your partner is in long-term care. Additionally, if your income is low, you could be eligible for further council tax support.
2. Apply for Pension Credit
Many people overlook the Pension Credit benefit. If you’ve reached the State Pension age and have a low income, Pension Credit provides extra funds to help cover living expenses — and even contributes towards housing costs.
For single people, Pension Credit can boost weekly income to £201.05.
For couples, the weekly income can increase to £306.85.
You can apply online, call 0800 99 1234, or submit an application by post.
3. Make the Most of Capital Gains Tax Allowance
Single individuals have an annual £3,000 Capital Gains Tax (CGT) exemption.
By timing asset sales strategically, you can maximise the use of this allowance and reduce potential tax liabilities.
4. Consider House-Sharing
Sharing a home can significantly reduce living costs, especially rent and utilities.
According to Unbiased, the average monthly bill for electricity and gas in a three-bedroom house is around £167. Splitting this between three people means each will pay only £56 per month.
Council tax for a shared house averages £57 per person.
5. Maximise Freezer Usage
Buying food in bulk is usually cheaper, and filling your freezer with ingredients can encourage more home cooking. This reduces reliance on takeaways and eating out, saving a significant amount in the long run.
6. Control Entertainment Spending
Why not opt for lower-cost social activities or take advantage of group deals and discounts?
Many entertainment venues offer group-buying deals, allowing you to enjoy social time without overspending.
‘Companionship Culture’ on the Rise?
In the 21st century, it seems we’ve entered the era of ‘companionship culture’. Whether it’s a travel buddy, a dining partner, or a gym companion, having someone to share experiences with not only fulfils emotional needs but also helps reduce living costs.
Isn’t that, in some sense, a different kind of ‘relationship’?
