How to Cut V-Day Spending in Half

4 Feb

Photo by me.

Photo by me.

 

So…what the heck happened to January?

The first month of the year evaporated for me despite being totally relaxed compared to the hectic holiday season. It’s already February and I’m busy outlining travel plans for the year and stuffing my face with heart-shaped confections. Does anyone else get excited about holidays purely for the candy?

I was reading the spending estimates for Valentine’s Day the other day and am totally floored by the amount people dish out for Feb. 14 festivities. According to the National Retail Federation, guys will spend an average of $190 on flowers, candy, jewelry and dinner out. Women, on the other hand, will spend about $95. Overall, total spending is expected to exceed $18 billion.

I thought it would be fun to calculate how much typical Valentine’s Day gifts cost and offer ways to cut that cost in half. What do you think? Is this about right or am I totally off base?

FLOWERS
One dozen red roses in a clear vase runs about $55 on 1-800-Flowers. Get it delivered on Valentine’s Day and you’ll add another $17.99. Factor in tax and your total is close to $80.

Cut it in half: Opt for a bouquet of 50 Peruvian Lilies and deliver them on Feb. 12. This way, you avoid the Valentine’s Day delivery fee and provide public adoration for your sweetheart. Use a coupon code for 20-percent off and pay a little over $40 total.

CANDY
A 1-pound heart-shaped box of See’s Candy will run you $30. Add a Hallmark card and supermarket bouquet of flowers and you can increase that to about $45.

Cut it in half: Buy an 8-ounce heart-shaped box for $12.50 instead, which contains plenty of sweet treats and doesn’t sabotage your sweetie’s New Year’s resolutions. Add a dollar-store card for $0.50 to that supermarket bouquet and you’ll spend about $23 total.

JEWELRY
I’ll assume you’re not going to pop the question on Valentine’s Day and opt for something less significant, albeit thoughtful. A trendy bar necklace in white 14K gold, for example, runs about $350 from Jared.

Cut it in half: At Macy’s, a similar style bar necklace in sterling silver is currently priced at $120. Using a coupon code, you can reduce that by 15 percent to just over $100. Meanwhile, Nordstrom offers a similar style for $68, and Etsy offers several hand-made styles for less than $30.

DINNER
The Cupid’s Combo package at The Melting Pot in my area features a four-course dinner with a bottle of either Chardonnay, Merlot or Cabernet, plus a “Touch of Romance candle and petal package dressing the table.” Cost: $125 per couple, or $150 when you factor in 18-percent gratuity.

Cut it in half: My husband and I could share an appetizer, two premium sushi rolls and two local craft brews at our favorite sushi restaurant for $50 (including the 18-percent gratuity). We could then head to The Melting Pot for dessert fondue, which costs about $10 per person. Total damage: $72.

How much do you plan to spend this Valentine’s Day?

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