Debt Free In 30

485 – Mastering Solo Finances: Navigating the 'Single Tax' with Heather Cudmore

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Synopsis

Does the cost-of-living soar when you're flying solo? Join Doug in this episode as he's joined by Heather Cudmore, a Certified Credit Counsellor, and Client Service Specialist at Hoyes Michalos. Together, they delve into the concept of the 'single tax' and discuss the unique financial hurdles that singles often encounter.   Drawing on her extensive experience assisting single clients, Heather shares valuable insights and practical advice. She discusses the importance of building an emergency fund to navigate unexpected life events and advocates for budgeting to uncover potential savings. From housing and transportation to entertainment, pets and food, Heather provides actionable tips, including exploring unconventional living arrangements, embracing online grocery shopping, and minimizing food waste.  Related Links:  Have a question or comment for a future show?  Leave us a voice message here: https://www.hoyes.com/dfi30comments  Heather Cudmore (BA, Certified Credit Counsellor and Client Service Specialist)