|We recently had a young lady who is engaged tell us that last Valentine’s Day her fiancé spent $200 dollars on Valentine’s gifts and she baked him a plate of cookies… Awkward! The truth of the matter is that this type of situation happens all the time. They say, “money can’t buy love”, but it seems that’s exactly what we try to do each year when Valentine’s Day comes around.|
We’re not talking about a few greeting cards or chocolates here and there, either. Valentine’s Day has grown into a multi-billion dollar industry. That’s right, billion. Valentine’s Day can be a Spender’s dream or a Saver’s nightmare.
Here are three tips on how to have a great Valentine’s Day and keep the romantic day intact:
- Make Valentine’s Day a team effort. – Money surprises are the worst surprises of all – especially when it comes to gift giving. Each of you, come up with an amount that you agree on to spend and then you can spend it any way you want. Knowing the dollar amount gives you freedom and takes the stress out of the experience. Also, remember to truly agree on the amount. This is not a time for the Saver in the relationship to be stingy and ruin the Spender’s holiday.
- Remember to think of your spouse’s Money Personality. – For the Savers out there, a plate of cookies is perfect. It costs under 10 dollars and it shows time and thought. For the Spender, roses, a nice dinner or a piece of jewelry will be a home run.
- Be creative. – There are a lot of couples for whom finances are tight. Work on your creativity and do something romantic that will not break the bank. What about a creative coupon book filled with activities like “one trip to the gas station so you don’t have to” a “backrub” or even a “romantic walk”. Sometimes these thoughtful and creative gifts mean the most.
Make It Happen!
Scott and Bethany Palmer
The Money Couple
Valentine’s Day Money Relationship Tip: Before you give your special someone their Valentine’s gift, make sure the gift will fit with their money personality. If you spent too much on the gift, at lunch, do a quick exchange. If you did nothing, you have time to make the dinner reservation or pick up something special.
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