As I was driving home one day this week, Rick Dees was talking about Valentine’s Day statistics on the radio. Of course, the one that caught my attention was that the average person spends $142 on their Valentine.
While a Benjamin and a half might not seem like a ton of money for that special someone, it’s not chump change. Multiply that by two for a couple, and we’re approaching $300. I don’t know about you, but if my family is going to be out almost $300 for Valentine’s Day, we don’t want flowers that die, candy that makes us fat, or dinner that will eventually end up in our septic tank. If I’m spending money on February 14th, it will be for a Valentine’s Day Gift that keeps on giving!
A Gift That Saves Money
Ironically, we got our annual renewal bill for our safe deposit box this week. Happy Valentine’s Day, and we’re deducting $75 from your checking account!
I’m not sure why we need a locked box at the bank. We don’t have any valuables in there. It’s mostly insurance and real estate papers along with passports and a couple of car titles. Sadly, it’s one of those expenses we’ve been paying for years without really seeing the value. Plus it’s annoying when I need one of those papers and don’t have time to go by the bank.
I finally closed out the box and, ordered a fireproof/ waterproof lock box for $30 on Amazon. That way, our important documents are safe and in a place we can find them. Best of all, we’ll be saving $75 a year going forward. I might even let our daughter put heart stickers on the box so it seems more Valentiney.
If you haven’t done so in a while, make sure every bill you pay, monthly or annually, is for something useful. If not, cancel it.
A Gift That Makes Money
For $284, you could spend hours picking out 30 stocks to create your own Motif. I just started investing with Motif, and it’s pretty darn fun if you like studying markets, dividend yields, and stock valuations. If you don’t, they have lots of ready Motifs to choose from. You can read Grayson’s Motif Investing review for more information.
Buying a Motif or any stock investment is a gift that will make money over time. Assuming an 8% return, compound interest will turn $284 into over $1,300 in two decades. What will flowers do for you in 20 years?
A Gift That Promotes Health
Although I love most things related to money and financial security, those things don’t mean much without my health. For Valentine’s Day, instead of eating an expensive dinner out, why not take some time to go for a walk, bike ride, take a yoga class, whatever activity you and your honey enjoy (trying to keep it PG rated here). Then you can cook dinner together while avoiding the crowds and expensive prix fixe menus restaurants
rip people off display on Valentine’s Day.
Valentine’s Day Scrooge
Please don’t take this post the wrong way if you are someone who loves Valentine’s Day. I admit that I’m a certified Valentine’s Day scrooge. After almost 13 years of marriage, Jim has finally given up on buying traditional Valentine’s Day gifts. It’s not that I don’t appreciate them, my mind just doesn’t register glee for stuff that seems like it’s what you’re supposed to buy because commercials tell you so.
I think we’ll be keeping our $284 away from the stores this year. To me there’s nothing more romantic than being able to do what I want or work when and if I choose. That’s why all Valentine’s Day gifts from here on out will have to be ones that keep on giving. Sorry Russell Stover, Hallmark, and Teleflora!
Be honest, are you buying flowers and candy for Valentine’s Day? How much do you spend on February 14th?
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