Living on your own – Control your finances

14 Apr, 2022

Living on your own – Control your finances

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Are you living on your own? Have you chosen to rent or buy a property for yourself alone? As a solo homeowner or renter you need to manage your finances very carefully. And so budgeting carefully can help you control your finances. Read on to learn how…

How to control your finances if living on your own

In your early 20’s, you finally have some independence. You can go where you want and do what you want without checking with anyone else. This newfound freedom can be amazing, but it can also be a little daunting, especially regarding your finances. Suddenly, you’re responsible for every penny that comes in and goes out—no more asking mom and dad for money when you need it!

If you’re not quite sure how to manage your finances independently, don’t worry – we’ve got you covered. In this blog post, we’ll discuss some tips for controlling your finances when living on your own.

living on your own
If you’re living on your own it helps if you are self reliant financially

Via Pexels

1) Make a budget for living on your own

This may seem like an obvious tip, but it’s one that is often overlooked. When you’re living on your own, it’s essential to be aware of how much money you have coming in and going out each month. Make a list of all your income sources and all your expenses, then figure out how much money you have leftover each month.

If you find that you’re spending more than you’re bringing in, try to cut back on some of your expenses. There are a few different ways to make a budget. You can use a pen and paper, or many budgeting apps are available that can help you track your spending. Whichever method you choose, just make sure that you stick to your budget!

Another important tip when it comes to budgeting is to make sure you’re saving for your future. It’s important to have an emergency fund that you can tap into in case something unexpected comes up, like a medical bill or a car repair. You should also be saving for retirement, even if it feels like a long way off. The earlier you start saving for living on your own, the more time your money will have to grow.

2) Keep track of your spending

To stick to your budget, you need to be aware of your spending patterns. One way to do this is to keep a diary of everything you spend for a month. Then, at the end of the month, take a look at your diary and see where you’re spending most of your money. Are there any areas where you could cut back?

For example, if you find that you’re eating out a lot or buying coffee every day, try cooking more meals at home and making coffee at home instead. Another way to keep track of your spending is to use a budgeting app (like Mint or YNAB). These apps can help you see where you’re spending most of your money and better understand where you can cut back.

Keeping track of your spending is an essential step in controlling your finances, but it’s also important to remember that you shouldn’t be too hard on yourself. If you have a month where you spend a bit more than usual, don’t beat yourself up – just try to do better next month.

Living on your own means managing your home yourself, it helps you to manage your domestic finances

3) Avoid debt 

One of the best ways to control your finances is to avoid debt. If you can, try to pay for things with cash or a debit card instead of using credit. This will help you stay within your budget and avoid getting into debt. If you do need to use credit, make sure you only borrow what you can afford to pay back.

If you’re already in debt, don’t panic! There are many ways to get out of debt, and we’ll discuss some of them in more detail below. However, the most important thing is to start taking steps to get out of debt as soon as possible.

Debt is a difficult subject

Debt can be a difficult topic to talk about especially if you are living on your own. But it’s important to be honest with yourself about how much debt you’re in. If you’re not sure how much you owe, sit down and list all your debts, including credit cards, student loans, and any other debts you may have. Once you know how much debt you’re in, you can start to make a plan to pay it off.

If your debt is overwhelming, don’t hesitate to reach out for help. Many organisations offer free or low-cost debt counselling, and they can help you create a plan to get out of debt.

4) Search for deals

Another great way to save money is to search for deals whenever you can whether you are planning to rent or buy a property. When you’re living on your own, there are many expenses that you’ll have to plan for and pay for, like rent, groceries, and utilities. However, there are often ways to save money on these expenses if you know where to look.

For example, many landlords offer discounts if you’re willing to sign a longer lease. And when it comes to groceries, try shopping at discount stores, use coupons, or get Freebies online.

Many websites offer tips on how to save money on your utilities. If you’ve just moved in and need to buy things for your home, you can use a credit card for furniture buying to save more money.

Bargain hunting when you are living on your own

By searching for deals, you can keep your living expenses low and free up more money to save or spend on other things.

house ready for sale
Shop around for a good deal, especially important if you are living on your own

5) Talk with an expert 

If you’re still struggling to handle your finances when you are living on your own, it may be time to consult with a professional. Financial advisors can help you make a budget, save for retirement, and make smart investment choices. Talking with an expert can give you the peace of mind to know your finances are in good hands.

6) Stay motivated 

One of the most important things to remember when controlling your finances is to stay motivated. It can be easy to give up when you do not see results right away, but it’s essential to keep going. Remind yourself why you’re trying to save money and focus on your long-term goals.

If you need some extra motivation, consider setting up a reward system for yourself. For example, if you stick to your budget for one month, treat yourself to a new book or a night out with friends. The key is to find something that will motivate you without breaking your budget.

Budget your finances for living on your own

When it comes to controlling your finances, there is no one-size-fits-all solution. What works for one person may not work for another. If you are living on your own you need to take special care to be careful financially especially if you have few resources.

However, by following these tips, you can develop a plan that will work for you whether you are living on your own or with other people, and help you keep your financial life on track. With a bit of effort and planning, you can take control of your money and enjoy a bright financial future. 

Become a housesitter

Some people choose to become a housesitter to save money before buying their first property. As a housesitter you may well be living on your own, but it is a safe way to live in an established home and to save money.

What is a house sitter?

A house sitter is some one that a home or pet owner invites into their home to care for property and pets in their absence.

Housesitters – What you need

House sitting gives you the chance to travel to new places, earn, and have a place to sleep while on the road. The practice is fast becoming the go-to option for many traveling homeowners due to the benefits it brings to the table. Are you searching for a way to get in on this train? Here are nine tips on how you can go about becoming a house sitter.

Trusted house sitters

If you are living on your own becoming a house sitter is a great way to save money, Before you start your housesitting adventure it is good to consider all the elements that make up a good trusted housesitting arrangement. In our opinion they would include the following:

1.      A love for pets

You must have a strong affection and way with pets before you become a house sitter. Most homeowners have these furry companions, and her hoping to find someone to care for them too. The more passionate you are with animals, the more jobs you can land online.

Pets often range from dogs to cats, fish to hamsters, lizards to birds, and more. Having one yourself or owning a farm is an extra touch.

2.      Obtain a criminal record check

Having an up to date criminal record check or background check available to show owners speeds things up. This is especially true if you are new to housesitting and don’t yet have a reference. Clients often take their time to check out potential sitters. But presenting such documentation can help you gain their trust and become a house sitter, faster.

You can get one online via the police website or by visiting your local government building. At when you register as a housesitter we ask you to get an up to date background check through out system. Our online facility means you can do this online no matter how far away from home you are.

young woman on her laptop with a dog lying next to her
As a housesitter living on your own you usually have the company of the pets in the home

3.      Sign up on a house sitting platform

You’ll need to sign up for a house-sitting platform online like to begin your journey. Many of these websites, but reading through their reviews and services can help you decide the right fit.

House sitting jobs

It’s best not to make assumptions as a home sitter or pet sitter. It helps if you asked many questions to have an absolute understanding of what your hosts or clients expect of you. Are there any rules you should know about before committing yourself to an assignment? You’ll likely be living on your own so make sure you understand the way the house works and the home and pet routines.

Ask the homeowners to help you explore the nearby area.

a young woman dog sitting for three dogs
The responsibilities of a house sitter can include caring for multiple pets so you are not really living on your own

Join a Housesitting Platform like HouseSit

Being a house sitter presents you the chance to explore new places and live in fabulous homes. And sometimes you may even end up getting paid for it. You’ll need to have a genuine passion for caring for pets and housekeeping.

Sign up on a home sitting website to get started. You can have resume writing sites prepare your profile and message to land an interview for your next home sitting job.




At we like to offer useful and practical articles on topics for our readers. In this selection we offer you a number of suitable pieces from our own blog on renovating and decorating a home.

Renovating a house on a budget – Top Tips

Renovating a home for the first time – What to remember

Housesitters keep pets safe at home and save money

What a housesitter does – Top 10 responsibilities

What is House Sitting: Everything You Need to Know

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Founder and Director of HouseSitMatch - I'm a hands-on Admin on the site. Please ask any questions and as soon as I can I'll happily answer and assist where I can.

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