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January 14, 2014

What Does It Cost to be Single These Days?

Blowing that hard-earned paycheck on shoes and cocktails? Saving for a down payment? Best part of being single: The money—and the decisions—are yours.

Single Girl's Guide To: Flying Solo | Traveling the World | Building Your Own House | Climbing Mount Kilimanjaro | Driving Cross Country | Meditating for a Month | Starting Over

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The Funny Girl

Megan Gailey, 28, Chicago 

Occupation: Stand-up comedian and waitress 
Annual income: $25,000

Home, sweet home: "I pay $617 in rent for my room in the apartment I share with two friends. I love having roommates—we save money by sharing clothes and hanging out at home."

Bills, bills, bills: "My share of the utilities is $65. I have a $45 monthly gym bill and spend up to $100 on gas driving to shows."

Savings & loans: "I try to save a few hundred dollars off the top of my performances and have $1,100 in an emergency fund."

Meal plan: "I make a lot of salads and spend $50 a week on groceries. I'll often get a free meal at a show."

The weekender: "During the day I hang out with my friends; we usually get lunch, which costs about $30. At night, I perform."

My biggest splurge: "Three years ago, I quit the job I had at the time and spent $6,000 I had saved on a six-week trip to Europe. Traveling solo was probably the most fun I've ever had." —As told to Marisa Carroll

 


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