Make your loved ones – and wallet – happy this Valentine’s Day with these four ideas.
Who says that Valentine’s Day has to be expensive? With the average spending for the holiday at $175, it’s hard not to feel pressured to go all out.
If you’re asking yourself how you can make your loved ones feel special without overspending, read the following tips.
First, determine what you want to do or buy and how much you’re willing to spend. Once you have a budget, don’t go over that amount.
You can also set aside a specific amount each paycheck to go into your savings or limit your average monthly spending amount to save money. When you plan ahead, you have more time to save, shop, and compare prices before buying.
Be A Savvy Shopper
Shop with a purpose. As Valentine’s Day gets closer, themed items are in a higher demand and prices will increase. Avoid impulse shopping and focus on what you really need.
A great way to save money is to shop the sales. Don’t miss the themed sales as they arise in the weeks prior.
Rewards & Perks
Have points from rewards programs or credit card perks? Use them for Valentine’s Day! Before planning your special day, check for potential redemptions you may have to save big.
Don’t feel obligated to spend money – try a romantic gesture instead. There are many ways to show your loved ones that you care without spending an excessive amount of money. Make their favorite meal or dessert, write them a letter or card, or get crafty.
Use these four tips to be financially mindful and save money. Remember, this special day isn’t a day to showcase how much money you have but to show just how loved people in your life are. Coco Chanel said it best – “There are people who have money, and people who are rich.”