• YOUR VALENTINE ISN’T KEEN ON ADDING TO YOUR DEBT

    By: Staff writer, Englewood Sun

    Updated:

    Englewood, Florida - Surveys show you don’t need money to have a good time on Valentine’s Day.

    A survey of 1,200 Americans over 18 by Debt.com asked how they intended to spend money this Valentine’s Day, as well as what they expected from their significant others. The majority -- 67 percent -- said it was at least somewhat important to mark the occasion. That includes 7 percent who said they were single, but planned to spoil themselves.

    However, almost half (48 percent) of those who said they intended to celebrate said they would not care if their partner did not spend any money at all. Another 44 percent said they only expected a gift that was $50 or less. Just 7 percent wanted a gift that cost more than $50, and less than 1 percent wanted a gift that cost more than $100.

    "We tend to over-gift in the desire to make our loved ones happy," explains Howard Dvorkin, Chairman of Debt.com. "We expect less and give more, because everyone wants to make sure their loved ones know how much they care. Overspending can easily be avoided at holidays like Valentine’s Day with a simple conversation. Talk about what you expect as a couple, so you can both be on the same page in avoiding debt."

    This advice fits with the fact that 89 percent of people say they wouldn’t expect an indebted partner to take on more debt to buy a gift.

    -- PR Newswire

    Next Up: