Emma Edwards: Budgeting for one, and understanding emotional spending

One of the best things about solo life is the freedom to live life your own, without having to run decisions past anyone else.

 

But one of the more challenging things is how expensive it can be to live alone. You have the same household costs as couples but only one income.

 

Whether it’s booking a room in a hotel, paying for health insurance, or forking out for power bills, groceries and living expenses, it all costs more when you do it solo. We’re essentially paying a single person’s tax.

 

So, how can we better manage our finances when we can only rely on ourselves? And how do we understand the patterns that drive our spending?

 

This week, Jill talks to certified Financial Behaviour Specialist®, Emma Edwards – founder of The Broke Generation – about how to get underneath the emotional side of money and why our spending habits are often tangled up with our sense of identity and behavioural patterns.

 

Emma also talks movingly about the challenges of being an only child caring for ageing parents.

 

You can find out more about her through her website, The Broke Generation, follow her on Instagram @the.brokegeneration, listen to her podcast or read her book, Good With Money.

 

To stay in touch with Well Enough Alone, you can follow us on Instagram @wellenoughalonepod or @jillstark__ or support the show and get subscriber-only early

access to episodes on Patreon.

 

Well Enough Alone is a Spare Room production. Our producers are Kieran Simpson and Trent Bartlett.

 

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