Well today is Valentines Day!
For UK couples, this is a day popular for celebrating love, but how much does it cost?
According to a 2017 study, 52% of Britons said they don't plan on buying a gift for their partner on Valentine's Day, and 48% weren't even thinking of getting a card. Despite this, last year the average Briton spent £51.45 on Valentine's Day.
So, how much are we really spending on Valentine's Day and will we spend more in 2018?
The most romantic day of the year is equated with celebrating love but it's also a date in which UK citizens spend money. Going by the figures, a lot of money.
This year, the average spend for Valentine's Day is expected to climb to £54.28. Comparing to last year's average spend, 2018 may see an even higher number if predictions are correct.
It appears that 2018 will see a rise in Valentine's Day expenditure, as stated (and predicted) by the IBIS World's report. More specifically, when compared to 2017, we may see:
If you don't plan to spend the estimated £54.28 this Valentine's Day you can, of course, still enjoy the day with your better half.
Have a look at some of our ideas that may help you to treat your partner on a smaller budget:
You may prefer to go on holiday instead, for example, or even finally get that pet that you've both been wanting for so long. In which case, you may want to take out travel insurance or pet insurance to help you protect your Valentine's Day gifts and moments.
Please don't hesitate to contact us if you have any questions, and spend Valentine's Day focused on what really matters: romantic time with your partner!
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