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Will Valentine's Day Bust Your Budget This Year?


Added 02-10-19 07:04:01pm EST - “If you're not careful, it just might.” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “Will Valentine’s Day Bust Your Budget This Year?”. Below is an excerpt from the article.

If you're the romantic type, Valentine's Day is no doubt something to look forward to. But if you're the money-conscious type, it's an event to dread.

The cost of treating your partner to a day of romance isn't something to take lightly. According to the second annual MoneyWise Cost of Love Index, here's what some common Valentine's Day expenses will add to your tab:

All told, you're looking at $266.72, and that's not even factoring in the cost of a gift. Ouch.

Now if you're doing well financially and can afford to spoil that special someone in your life, then by all means, spend a small fortune if that's what it takes to keep your relationship in a healthy place. But if you're behind on savings, or are already in a ton of debt, then plunking down close to $300 on a single day is hardly a prudent move.

And make no mistake about it: Many Americans are in a bad place savings-wise. An estimated 40% don't have enough money in the bank to cover a $400 emergency. And that's why splurging on Valentine's Day is a bad idea -- because chances are, there's a more important use for your money.

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