You are here: Home - Uncategorized -

Lovers strapped for cash on Valentines Day

Written by:

Nearly three million people are too broke to celebrate Valentines Day, according to price comparison site uSwitch.

For a third of those who can afford to spend something on their loved one this Thursday (February 14), however, their budget won’t stretch above £20, uSwitch has revealed. The average amount people will spend on the lovers’ holiday is £23, with 33% of people in a relationship planning to spend less than £20.

Furthermore, men were found to be twice as generous as women. This Valentine’s Day, men intend to spend £30 on average, while women plan to fork out £15, uSwitch has said.

Ann Robinson, spokesperson for, said: “Valentine’s Day is traditionally a time to splash some cash, but with consumers tightening their belts this year romance may be in for a rocky ride. While it is great news that consumers are reining in on spending, they are in danger of missing a trick.

“Consumers can spend more of their hard-earned salaries on the nicer things in life, such as treating their loved one, if they take control of their finances. Households can save up to £1,500 on bills and financial services just by shopping around for the best deals on the market – more than enough to inject a bit of romance back into life.”


Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Investors profiting from mining stocks

Continuing concerns over the global economy and fear that commodities and metal prices could be next in line, have prompted...