Home / Financial News / Guest: How much should I spend on Valentine's Day?

Guest: How much should I spend on Valentine's Day?

An arrangement of Valentine's chocolates.

This article was contributed by Heidi Miller of The frugal girls.

Couples will spend a whopping $ 27.4 billion for romantic vacations Although only 51% of couples spend money on Valentine's Day, that ends with an average person spending $ 196.31.

What do people spend $ 196 on? The most common gifts for couples
The love they give is jewelry, clothes, candy, flowers and greetings
cards

Here is a few quick statistics in what Americans spend money this year:

  • Jewels ($ 5.8 billion)
  • A night out ($ 4.3 billion)
  • Clothing ($ 2.9 billion)
  • Candy ($ 2.4 billion)
  • Flowers ($ 2.3 billion)
  • Greeting cards ($ 1.3 billion)

And instead of spending money on important people, people spend money on:

  • Pets
  • Members of the family
  • friends
  • Teachers and classmates of children.
  • Coworkers
  • Themselves

Obviously, this leads to a fairly expensive holiday, especially if
You are buying gifts for everyone in your life.

Statistics: Americans spent $ 20.7 billion on Valentine's Day last year.

What are some affordable ways to celebrate Valentine's Day?

If you are working on pay debts and save moneyThere are many ways to show your loved one how much you appreciate them without spending hundreds of dollars.

  • Create a homemade meal with your partner
  • Celebrate Valentine's Day the day after February 14, once everything goes on sale.
  • Buy a Groupon restaurant and enjoy a romantic night for a fraction of the cost
  • Finally, do that walk in the city and bring the dogs
  • Create an Instagram photo album of you and your loved one

Meaningful gifts are important and it's not always about how much
you spend

How much should i spend
On Valentine's day?

Many people feel compelled or pressured to spend money on
Valentine's Day, but what is the use of celebrating romantic vacations if
Will it leave you stressed?

Despite the average American with more than $ 38,000 in personal debt, Valentine's day spending is growing astronomically every year.

It is important to think about your money goals and how much
Valentine's day means to you. If you are one of the 60% of Americans who cannot pay $ 1,000
emergency,
you may want
Reconsider spending money every year on Valentine's Day.

But what if I love
Valentine's Day?

Some people really love Valentine's day. It is one day once a year that
Remind couples to do something special in their relationship.

There is nothing wrong with celebrating this holiday while you plan it
in advance To make things easier and less stressful in your wallet,
choose to save some money each month for Valentine's Day the following year
Day. This is also known as sinking fund. A sinking bottom
He prepares it in advance for something he plans to spend money on.

For example, in March, you can save $ 10 each month until February of next year. By the time Valentine's Day arrives, you will have saved $ 120. If you spend more, save $ 20 a month on the Valentine's Day repayment fund and you will have $ 240 saved.

A couple looks at Valentine's candy together.

Ask yourself: “Why?
Am I spending money on this?

It's very easy to spend Valentine's Day every year. Business
Boost many marketing campaigns to make it seem normal and necessary to spend
on this vacation, but do you really need to spend?

If you're spend money because you feel obligated and pressed by your partner, it is important to have a talk at the beginning of the relationship. An excellent way to do this is to share your money saving goals with them. Both can still celebrate Valentine's Day together, but in a more economical way.

To ease the financial burden of expensive vacations, take advantage of a sinking fund and save throughout the year until Valentine's Day. In this way, you can enjoy the holidays without worrying about how you will pay the rent next month.

About frugal girls

The Frugal Girls is an online publication that presents articles on how to budget better in everyday life. Heidi Miller, the contributor to this article, is the director of "Frugal Girl", as well as the principal writer and editor of The Frugal Girls.


Source link

About fulbaibu

Check Also

Do you have an unexpected check in the mail? Can be fake

Do you have an unexpected check in the mail? Can be fake

"Scammers prefer these payment methods because once the money is sent," the F.T.C. He said, …

Leave a Reply

Your email address will not be published. Required fields are marked *