If youāre single, you might be pleased to know youāre saving some money. The price of falling in love keeps climbing higher, according to a new review thatās come out just in time for Valentineās Day.
RateSupermarket.caās third annual ācost of loveā study says from start to finish, the dating process will run a bill of ā up 11.4 per cent from 2014. That covers a year of dating, a year-long engagement and all the costs associated with a wedding.
āIām not saying you should give the gift of a financial plan for Valentineās Day, but Iām thinking that this is a very expensive proposition,ā said Pattie Lovett-Reid, Ā鶹“«Ć½ā chief financial commentator. āYouāve got to get it right.ā
To arrive at that figure, the market comparison website did a cost analysis on the expenses an average Canadian couple would face over that two-year period. A āfancyā date, for example, includes a nice dinner and theatre tickets, while ācasualā dates take into account the cost of takeout, coffee and Netflix.
Their assumptions might not be perfect ā not everyone gets a beach vacation every year, or throws a $2,000 engagement party. But if you want to get a rough idea of how much Cupidās arrow is going to cost, check out the chart below.
