In my last post I shared some thoughts about some of the traps I fell into and mistakes I made in my over 20 years as a single person in handling my money. Today I want to offer some practical thoughts about things you can do as a single person in regards to finances.
But let me start with this: How you handle your money as a single person in the Kingdom is just as important as how a married person handles theirs for at least two reasons. First, you are just as important as a married person. Second, the scriptures are clear that all of us need to handle our money well.
A few weeks ago I wrote a post about whether or not a single person who is looking for a spouse should budget money for that search. You can read that post here.
Today I want to talk about handling money in general as a single person. I’d like to share some thoughts that I wish more people would have spoken into my life. The truth is a lot of unmarried people, especially younger folks, don’t get a lot of help with this area of life. I’ve often said that if there was one aspect of my over 20 years of adult singleness that I would live differently that it would be how I handled my money.
The other day while driving I was listening to some Dave Ramsey. In case you’re not familiar, briefly, Dave wants people to live biblically with their money, meaning stay out of debt, control your money instead of letting it control you and be generous along the way.
He has a radio show and people call in with all kinds of scenarios asking his advice. Very rarely do I ever see Dave not have an answer. In fact, I’m not sure that I’ve ever seen it . . . until the other day.
A young never married guy called in and said, “Hey Dave, I’m following your plan. No debt, I have a budget etc. I’m not married but I want to be. Here’s my question, how much should I budget for that pursuit?”
One thing about Dave is that he’s always honest with people and he just laughed and said, “I have not been in that world for so long, I have no idea.” After both he and the caller laughed a little, he did toss out a couple of thoughts, but it made me think of a couple of important ideas and some practical ones if you find yourself in that position.