Top 10 Ways To Stay Accountable With Your Money As A Single Adult

Today, let’s talk about the biggest challenge you’re likely to face as a single adult trying to master your money.

This is, by far, the biggest trap that makes building wealth and lasting financial peace very hard, if not harder, for single adults than married couples.

And that biggest, toughest challenge is accountability.

Stay with me here, and I’ll explain why.

Right now, we’re in the second paragraph on Page 34, under the title ‘Singles And Money’, in Chapter 2 of Dave Ramsey’s Complete Guide to Money.

And here’s my lesson for the day:

To master your money and build wealth as a single adult, you’ll need to do everything in your power to insert more accountability into your life.

From the book, as a a single adult, maybe:

  • You’re a new or recent college graduate, with thousands of dollars in student loans, and you’re not married yet; or
  • You’re a a few years older and have been single up to this point; or
  • You’ve been married before, been through a divorce, and you’re now finding your feet in your new state of finances and relationships; or
  • You’ve got kids to cater and care for, while you work many extra jobs to support them, so they can achieve more in life than you have; or
  • Maybe your spouse passed, or you’re over 50 or 60, and you’re not exactly sure how to comfortably retire, provide for yourself, or support your family…

… whatever challenges you might be facing, my heart goes out to you. Respect – and I doff my hat to you.

It’s tough being a single adult in America, but there’s an even more quiet trap making it harder for you as a single adult – to consistently hit your financial goals…

… and that’s accountability.

For a married couple with a financial literacy mindset, being in marriage, by definition, keeps both partners in check.

For example: as a husband, I can’t just think of something to buy, whip out my credit card, and buy it…

… no, I have to go through my wife, explain and convince her on why I think the item will help us get closer to our financial goals, and if my wife’s convinced, we would get the stuff.

Yes… I know, that’s not fun / cute / romantic… I know.

But it’s precisely because of habits like this, that my wife and I have been able to stay accountable and committed to our financial goals.

Because here’s the deal: as a husband, you might not like it having to explain to your wife about that new suit you’d like to buy…

… but, trust me, when the tables are turned, and your wife have to come to you, to explain why she needs to get that latest handbag now…

… then you’ll be happy that you both have that check-and-balance system in place.

Also, as a married spouse, even though you might love to stay out late or buy junk you don’t need, having a spouse at home will very likely keep you in check.


Because whatever you plan to do, or wherever you want to go, you’ll need to be able to explain to your spouse why you did what you did.

This approach builds more accountability right into your marriage, and keeps both of you in each other’s business… which happens to be an excellent thing for your family finances!

Whereas as a single adult, you’re pretty much free to fly solo… do what you want, stay out late up till the time you want…

… or buy whatever you want, or plan and head out to your vacation spot all within 24 hours.

As a single adult, often times, no one will be there to ask you:

  • Why you’re suddenly ‘upgrading’ your car to a BMW, Lexus, or Mercedes-Benz; or
  • Why you’re emptying out your entire savings to buy Tesla stocks or bitcoin; or
  • Why you’re day trading or shorting stocks to make big bank in the stock market; or
  • Why you’re always spending your monthly rent in the casinos; or
  • Why you keep maxing out your credit cards to ‘treat yourself’ or ‘let lose’

Which may all sound like a good thing to do… the freedom to buy whatever you want…

… until you find yourself eyeballs deep in debt, where you almost lose your shirt, or have to take out even more debts from loan sharks to get yourself out of that financial mess.

If you’re a single adult, the freedom to spend on whatever you want may not necessarily be a good thing.

You’ll need to find ways to hold yourself accountable, so you don’t spend away your savings or drift farther away from your financial goals and freedom.

Here are top 10 ways to stay accountable with your money as a single adult

  1. Set up automatic withdrawals into your savings account, before you even get to spend anything on bills or expenses
  2. Keep your money in an index investing fund, where it’ll be harder for you to withdraw on a whim, and where it’s more likely to yield returns over the long haul
  3. Have a personal spending rule – where you don’t buy anything until you’ve had 48 hours to think about it and sleep over it
  4. Cut your credit cards, if you can’t handle your credit cards like cash
  5. Get help with addictions – for example, gambling, drugs, alcohol – things that are making you spend money on habits you’ll later come to regret
  6. Decide and stay committed to never making an expensive purchase, if you can’t afford to pay cash for it
  7. Set boundaries on how you lend money to friends and family members
  8. Stay away from friendships and relationships that are not getting you closer to your financial goals
  9. Find like-minded friends who are also committed to improving their finances
  10. Get in the habit of verbally, loudly saying “No” when you’re being lured to buy things that aren’t in your budget or financial plans… it may sound crazy to you at first, but it sure works.

There you have it – top 10 ways you can use as a single adult, to get more accountable and build smarter financial habits.


To master your money and build wealth as a single adult, you’ll need to do everything in your power to insert more accountability into your life.

That’s all for today, my friend. We’ll continue in the third paragraph on Page 34 of the book tomorrow.


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