Managing on Your Own Chapter 25-2

Finances Autonomy – the ability to direct your life independently. For singles, autonomy is a responsibility, but a potentially rewarding one. Single adults are usually their own—and their only—source of income Once bills are paid, decide if extra money is saved or spent (this depends on your values and priorities) About 10% of all singles will remain so for life Many people who are now married will be single at some point due to divorce or death of a spouse Be prepared financially for a time when you may be on your own

Finances Make decisions about: Insurance – coverage protects health and possessions. (Auto, Health, Renter’s/Homeowners, Pet, Life, etc.) Savings – savings accounts, savings bonds, and certificates of deposit (CDs). Save for emergencies, luxuries, and large purchases Investments – using money to earn money. Invest in real estate, the stock market, or other funds designed to return more money than is put into them. Start investing even before you have money to invest! Don’t wait until you’re older or more financially established.

Nutrition and Health and Transportation You’re responsible for your well-being Courses in foods, fitness, and health offer resources to help with future decision-making Learn about making healthy food choices and get plenty of sleep When you’re sick will you go to work? Will you go see the doctor? No one can take care of your health except you Automobile? Carpooling? Public transportation? (bus, train, cta, etc)

Enrichment and Singledom Opportunities for personal growth Commit more fully to careers Volunteer opportunities Travel Continuing education (fun classes) More time for friends/family/hobbies/social events Create a personally pleasing home environment Don’t need to compromise Spend time alone if needed

Relationships Getting to know others takes more effort and creativity Presentations and lectures on topics of interest Groups and activities sponsored by religious organizations Volunteer groups Parents without partners (single parents) Groups related to occupations Community theater and musical groups Sports activities (example: recreational bowling league)

Developing a Way of Life Your decisions about different parts of your life form a pattern about you You life with be based on your values and heritage Experiences with family members and others influence the way you live Find a way of living where you feel comfortable and confident Successfully manage life in all areas: work, health, finance, and relationships The more you know, the better prepared you are!