Is Valentine's Day Debt Worth It

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by Joe Mahlow •  Updated on Mar. 02, 2023

Is Valentine's Day Debt Worth It
A caption for the above image.

This year, post quarantine times, spending for Valentine’s Day is up a whopping 44% from last year. Whether this is to raise our spirits or quietly rebel against being quarantined last year we may never know, but instead, we’re here to find out: is it worth it?

30% (that’s 3 in 10) Americans are relying on their credit cards to pay for Valentine’s Day this year. While paying for the treats, gifts, and outings, don’t forget about paying for that interest too. Unromantic fact: 43% plan to hide their newly taken-on debt from their significant other. Bad idea. Statistics also demonstrate a significant percentage of people spending more than they could afford just to impress their V-Day date. Yikes. 

So how do you celebrate the Romance Holiday without breaking the bank? Here’s some ideas:

  • Aim for a day that’s not the 14th. If your honey is happy to celebrate Valentine’s Day a day earlier or a day later, it can really reduce your costs. Not only will flower deliveries probably cost less, but restaurant reservations might be easier to get and you can avoid the pricey holiday fixed-price option. Good thing Valentine’s Day is on a Monday this year, celebrate over the weekend!
  • Get the budget flowers. Seriously. Grocery stores have really upped their floral department game lately, and you can get some gorgeous arrangements for a fraction of the price you would find at a florist.
  • Go sentimental. A simple love letter can be a surprise hit, as can taking your partner to revisit the place where you first met or had your first date. Romance is in the air. 
  • Dine-in, dessert out.  Not only can a special, home-cooked meal be an amazing gift, but it can save you a bunch of money on Valentine’s Day. Then, you can go out to a favorite dessert place afterward. Yummy.

Just because you’re on a budget doesn’t mean Valentine’s Day has to be any less special or romantic. It’s better to be responsible and protect your credit while still building some beautiful memories with your loved one. If you need any more ideas or suggestions on how to improve your credit further, just give ASAP Credit Repair a call. Happy Valentine’s Day! 


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