Personal Finance Round-Up: Valentine’s Day Giving and Saving

heartReady for Valentine’s Day? Every year on February 14th, loved ones exchange gifts and cards, which became a tradition starting around 1900 due to the advent of printing technology. According to the National Retail Federation, Americans are expected to spend a total of $1.5 billion on cards alone, and the average person will spend $130.97 on candy, cards, gifts, and more.

You might be wondering, how can each American spend so much on a single person? In fact, most shoppers purchase gifts not just for spouses and significant others, but also for family members, friends, coworkers, and even pets – though couples still spend the most on one another, averaging $73.75.

If you are finding it difficult to afford such costly gifts this year, stick with tradition. Cards are always an affordable option, and a simple, romantic home-cooked meal is a great way to show you care without emptying your wallet. You can also find Valentine’s Day deals and discounts at various retailers on RetailMeNot.

Here are some interesting posts that may help you hold onto your cash a little tighter:

26 Affordable Valentine’s Gifts for Him [Savvy Sugar]
If you’re looking to show your affection in an affordable way, check out these 26 Valentine’s Day ideas for the man in your life. Neither you nor he will be left broke…or brokenhearted.

5 Fun and Frugal Last-Minute Valentine’s Gifts for Her [Frugal Rules]
If you’re a chronic last-minute shopper, there’s still hope that you can find a decent gift at a reasonable price. Check out these ideas that will make the woman in your life swoon, courtesy of Frugal Rules.

How to Be Frugal Without Being Cheap [AskMen]
Is “frugal” just a nice way of saying “cheap?” It doesn’t have to be that way. AskMen explains how cheapskates focus on cost, while the frugal focus on value. Here are some actionable steps you can take to trim expenses.

How to Tell If You’re Dating a Deadbeat [Len Penzo dot Com]
When a couple has different ideas about money, there are going to be difficulties at some point. However, dating a deadbeat presents a whole new list of problems.

How to Budget on an Irregular Income [MoneyCrush]
Can you set a personal budget when you don’t know how you’re going to earn from one month to the next? If you run your own business, are paid on commission, or have varying hours, these tips are for you.

Save Big Bucks, One Month at a Time  [MSN Money]
Tired of money-stretching strategies that save you peanuts? If so, check out this month-by-month guide to save you big bucks.

Joe Flacco Wins Super Bowl MVP: What This Means for His Finances [Go Banking Rates]
The 2013 Superbowl MVP Joe Flacco is now able to command $15 million a year in his future salary and endorsements. The question is, will he accept the Corvette C7 Stingray and pay more than $25,000 in taxes, or will he donate it without having to pay a cent?

U.S. Postal Service Ending Saturday Delivery [Consumerism Commentary]
In an effort to save money, the U.S. Postal Service announced that it will no longer deliver first class mail on Saturdays starting in August 2013. Read more about this big news at Consumerism Commentary.

  • John S @ Frugal Rules

    Thanks so much for the mention, it is much appreciated! $1.5 Billion on greeting cards, I am in the wrong business. ;)