Money tips for people living on their own

Living alone is a state that many people in the Land Down Under would want for themselves. In this setup, they will have real independence – they get to manage their time and they won’t have to report to or ask permission from anyone if there are things that they want to do such as travel or even just a night out on a Friday.

But there is no such thing as a free lunch; living alone also has its price. For one, because you get to be on your own, you will really have to shoulder the cost of everything–from the groceries down to the utilities. This is where the real challenge begins for many. 

Fortunately, such a challenge is not that difficult to overcome. In this article, we present tips on how to earn and save money while living on your own

Buy your food cooked to save time

Preparing food is a truly fun process, and it’s not bad to do it from time to time. But you have to understand that food preparation is not always practical for someone who lives on their own. It takes a lot of time, especially since you will have to clean up after yourself when all the cooking is done. Hey, you will even have to take care of the dishes! 

Because of this, you always have the option of going out to buy your food. If this is too much of a hassle, you can also have prepared meals delivered to your doorstep. You can even make use of an Uber Eats coupon code for Australia in major cities such as Melbourne, Sydney, and Brisbane to get more discounts and more value for money.

Doing this will save you a lot of time since you will not have to chop and wash ingredients before you actually cook them. You won’t even have to take care of the dishes afterwards since most outside foods are in containers that you can easily dispose of when you are done. You don’t even have to worry about waste anymore because most containers now are made of paper and other materials that easily decompose. 

Use the time you save to work on freelance stuff

Having a good paying day job is great, and it’s something that everyone should really work really hard for. But if you really want to earn money, you should not just stop at this. The normal workweek comprises of just around 40 hours. This leaves you with time to still do something else, and this is where online freelance jobs can be of great help. 

No, we are not suggesting that you use all your time working. All that we say is that you can add to your income by reducing your free time; which you will not really use up just chilling anyway! It surely wouldn’t hurt if you just party for five hours instead of eight because you use the three hours designing websites or writing content for SEO. The money that you accumulate by doing this will surely go a long way.

Now, if working for someone else during your free time is not your cup of tea, you can also start your own small business. Australia is a tourist hotspot, so you surely can make it big renting out a spot in your place to tourists through platforms like AirBnB. You can also start a small online store if this where your interests and passions take you. 

Get a roommate

OK, this may sound counterintuitive. This is an article for those who live alone, why are we talking about a roommate or someone to share a living space with? 

Well, just because you are living alongside someone in the same space doesn’t really mean that you have to live with them. You can still have your finances and plans independently laid out. You can only interact as acquaintances. After all, the greatest benefit of having a roommate in this context is that you will have someone to split the rent with. The rent is usually the one line item that takes a big chunk of your budget. Hey, in many cases, it’s that one item that drives Australians nuts every week!

Living alone is all nice and good, but it also has its own set of significant demands. Everyone should be ready for these demands so that life can unfold smoothly. One sure way to prepare is to have resources ready. This can be achieved by doing the things outlined in this short piece. 

Mike Smith
Mike Smith
Executive Editor at Best in Australia. Mike has spent over a decade covering news related to business leaders and entrepreneurs around Australia and across the world. You can contact Mike here.
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