How to Save Money When You’re Single

Single life comes with unique financial challenges and advantages.

2 min read

Being single presents a unique set of financial challenges. There’s not always another person to split the price of rent or monthly bills, and even small expenses like a Netflix subscription can add up fast. 

But single life comes with some financial advantages, too. You have 100% control to design a budget that works for you and the freedom to spend and save your money exactly how you see fit. You also don’t have to compromise your goals for anyone, and you’ll avoid the money arguments that plague so many relationships.

Here are just a few ways you can start saving money with or without a partner. 

Stop paying hidden bank fees

It’s like throwing your money away. Never pay hidden fees again with an N26 account: no minimum balance fees, no inactivity fees, and no foreign transaction fees. Yes, really: No hidden fees.

Build a good credit score

Your credit score can have a big impact on future opportunities, from leasing a car to buying a home — and even getting a job. Discover how to build a good credit score so that you can set yourself up for smooth sailing in the days ahead.

Create and maintain a budget 

Budgeting can be much easier when you’re single because you don’t have to consult with anyone else. Creating a budget doesn’t have to mean depriving yourself of the things that make life sweeter. If you’re new to budgeting, check out our guide to budgeting your paycheck

Keep yourself accountable

If you want to stay on course with your money-saving habits, plan ahead for those times when the going gets tough (because you never really know). Set up a support system to help encourage you. Enlist a friend or family member to be your cheerleader, and plan for incentives to celebrate your savings milestones.

Learn about managing your money

Taking control of your finances can feel good and empowering. No one is born knowing how to handle money, but everyone can learn. Check out the N26 blog for helpful information, like how to deal with student loans, save money, and land a freelance job.

Start an emergency fund 

Unexpected expenses are part of life, but you can lessen their impact when you set up an emergency fund. Aim to stash away three to six months of living expenses so that you’ll be prepared for difficult times.

Save for retirement

It may seem like a long way off, but it’s never too early to begin saving for retirement.  Use N26’s Spaces to create a personalized sub-account for your money and instantly transfer money from your main account with a single swipe.  


Being independent means that you’re in control of your money-saving journey, and that’s pretty rewarding. N26 is here to help you along the way by providing the tools that you need to succeed, like spending statistics for budgeting and Spaces for reaching your financial goals at your pace. Open an account today with N26, and create the future that you want.

The N26 account is offered by Axos Bank®, Member FDIC. N26 Inc. is a service provider of Axos Bank. All deposit accounts of the same ownership and/or vesting held at Axos Bank are combined and insured under the same FDIC Certificate 35546. All deposit accounts through Axos Bank brands are not separately insured by the FDIC from other deposit accounts held with the same ownership and/or vesting at Axos Bank. The N26 Visa® Debit Card is issued by Axos Bank pursuant to a license by Visa U.S.A. Inc. The N26 Visa Debit Card may be used everywhere Visa debit cards are accepted.

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