Recent news suggested that people in a relationship are financially worse off, but single Brits are adamant they’re the ones who are suffering more of a financial strain.
A new study has revealed that more than half of singletons feel it costs more to be solo than in a relationship, whilst seven out of ten people in relationships say they have a better deal financially.
More than half of singles say that their finances would be eased if they were in a relationship as 78% think that the cost of dating is more expensive than the cost of being coupled up.
The cost of dating
Three out of ten single Brits who are dating say that they spend up to £200 each month trying to woo potential partners, totalling a wallet-destroying £2,400 throughout the year.
Couples, on the other hand, say they spend just £500 a year on gifts and dates with their partner.
Natasha Rachel Smith, Consumer Affairs Editor for TopCashback (www.topcashback.co.uk) who conducted the research, says that the research reveals single people are feeling the strain, and of course, it makes sense. Rising living costs mean we're feeling the burden, and when you're in a relationship you can ease this with the help of someone else.
She continues to say that people are even willing to stay in relationships they don't want to because they don't feel like they can afford to be on their own.
Yolanda Bushell from London is now in a relationship and says she has seen her spending dramatically decrease from when she was single. Yolanda says she was booking holidays, buying clothes and saving wasn't something she thought about. But now she's in a relationship she's cut back on spontaneous spending.