Saving Money With Your Partner To Help Beat The Cost Of Living Crisis
Last Updated on October 3, 2022 by Melissa S.
It’s almost impossible to watch the news these days without something adding to the fire that is the cost of living crisis. It’s impacting everyone from families to singles and couples and doesn’t seem to be easing up any time soon.
Saving money by yourself can be difficult, but saving money with a partner could be just what you both need to make it work. From saving on individual expenses to making date nights cheaper, there are different ways you can see this tricky period through.
Team up with your other half to help you beat the cost of living crisis together.
Make date nights more affordable
Date nights, especially in new relationships, can soon start adding up. Going out for dinner, cinema dates and other dates can soon add up, leaving you both feeling the pinch in order to spend time together. Saving money on date night can be easy thanks to a tonne of free and cheap date ideas, especially if you get creative. Save your money for special occasions when you can treat yourselves a bit more instead.
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Combine your individual expenses and subscriptions
Do you and your partner have separate gym memberships, Netflix, Spotify and multiple other subscriptions? Why not combine them? For the things that can be combined, it’s worth doing to save some money, while joint gym memberships, rail passes and other expenses could also help save you money.
Avoid entering long-term contracts until you’re very serious, but if you are committed, you could find yourselves saving a lot of money.
Could moving in together help you save money?
The COVID-19 pandemic led to many couples taking the plunge and moving in together early into their relationship – could the cost of living crisis do the same? There is some logic in moving in together – you can share rent and bills and spend more time together without having to go out all the time. There may be some considerations, especially if you own your own properties. You could look at Buy to Let Mortgages with LDNfinance to cover one of your properties, and still retain your own place in case things don’t work out. They say living together is the true test of a relationship, so you’ll soon find out if the two of you are in it for the long haul.
Challenge each other to save money
Saving money can be tough, but why not try to make it fun instead? A little competition can always be fun to try and spur each other to be the better saver. From saving money on groceries each week to finding ways to slash bills, challenge each other to save money, and see who can do the better job. With what you’ve saved, you’ll be able to treat each other to something fun, like a holiday.
The effects of the cost of living crisis may be with us for some time yet, but remember that you’re not in it alone. There is cost of living support out there to help you if needed, and lots of advice online about the best ways to save money. By adopting some great new money-saving habits with your partner, you can help keep your costs low while still getting to enjoy time together.
