Valentine’s Day Tips #7 and #8 for Love and Money

By Lynnette Khalfani-Cox, The Money Coach

This is the fourth of 5 sets of “Valentine’s Day Tips for Love and Money.” Read the first set here, the second here and the third here. Come back tomorrow for the final of the 10 tips to help you achieve financial harmony in your relationship.

7. The first date is awkward enough – the first check doesn’t have to be. For those on a first date this Valentine’s Day, be sure to manage expectations about who pays the check before the waiter comes looking inquisitively at the two of you. In a PayPal study, men were more likely to say that they should pay for the first date, but women were more likely to say that the bill should be paid equally or through some split not based on gender.  Agreeing in advance on a payment plan that pleases everyone could eliminate some of the check-dividing awkwardness, which could even increase the likelihood of a “Date #2.”

8. Don’t stop giving gifts to each other, no matter how tight your budgets get. When times are stressful and budgets are tight, it’s all the more important to be open and expressive in your relationship.   If you’re cash-strapped, the best advice is to invest in thoughtful gifts that don’t cost a dime; they’re usually the ones with the most meaning. This Valentine’s Day, bring out some old movies or photo albums and make it a date night.  The one rule: no talking about money.  But, if you can’t bear to skip the gift — for Valentine’s Day, an upcoming birthday or a holiday — remember that there are options other than credit. Look into layaway plan at your local retailer, or try another option like Bill Me Later, which gives you 90 days to pay with promotional financing, all without using a credit card.

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All information on this blog is for educational purposes only.  

Lynnette Khalfani-Cox, The Money Coach, is not a certified financial planner, registered investment adviser, or attorney.

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