Frequent dates, weekend getaways, birthday, holiday and just because gifts. Ran out of body wash and have to run to Target?…Oh, there goes the new issue of Men’s or Women’s Health Magazine that you should pick up for “Babe”! If you’re in a relationship, you’re probably wondering how you’re spending more money now than when you were single. Having a significant other is supposed to be about having someone to finally split the cost of everything with right? Especially if you’re living together! Not necessarily…
For women, splurging on gifts of sentiment is the norm, (Especially when happy in their relationships), because we know how it feels to receive them. Besides the happy euphoric moments in the relationship, there are moments of distress or arguments, and if you’re a shopaholic then retail therapy is your go-to method of relief. This however causes unplanned spending and possible maneuvering of the budget.
For men, with traditional gender roles becoming taboo, the alpha male may find himself competing to “stay on top” and making sure their partners are kept happy in various ways. He may find himself purchasing more sporting event or concert tickets or working harder to regularly buy those high priced items as holiday or “I’m sorry” gifts. The pressure may also be on because he knows that social media will more than likely be seeing all that he does for “Babe”.
Married couples generally have individual accounts for each spouse as well as a joint account for shared expenses such as rent/mortgage, utilities, car notes, day care expenses (if you have children), insurance, and the vacation fund. But how much is actually set aside for leisure/date night? Does the budget accommodate these random expenses? Do you plan in advance for that last minute bed and breakfast deal on Groupon?
If you haven’t figured this much out yet, you should know that budgeting is a major way to track where all of your hard earned or creditor loaned money is going. Ever look back at a relationship that didn’t work out and wonder how it’s possible you are still paying it off? If you’re smart phone savvy, you’re not out of luck! Today’s app market has hundreds of apps that can be utilized for managing and tracking your expenses and even creating a “Love fund”. One that I really like is Mint, easy to used and personalized to fit your individual needs. It’s also FREE!
If you’re saying to yourself, “I budget just fine, but the cost of dating is just out of the question.” The second component to being on track financially if you’re single or attached is to find affordable fun. Knowing where to look and being open minded to new activities will play a major part in keeping your wallet full. I swear by Groupon as I’ve mentioned before, and if you live in a major city like NYC or Chicago, you can find free summer concerts, street fairs, and 5k obstacle courses to do together..The possibilities are pretty much endless and there is something to do for every budget. So NO EXCUSES!
If your specific situation is a little different from anything mentioned above and you find yourself needing ideas with your dilemma, feel free to email me at email@example.com. If you are new to the dating scene or getting back in the groove of things be sure to read this article for the do’s and dont’s of dating. In general, make sure to communicate your concerns for the dating budget to your partner/significant other and be honest because communication is #1 and no one wants to spend an arm and a leg on happiness.