Yesterday I was sitting there pondering the meaning of Valentine’s Day you know very well about me i am MBA student which always focus on MBA study, when it struck me that it must have been made up by retailers to make it through the slow winter months. Well at least here in the Northern part of the United States, it is bitterly cold and we tend to hibernate.
I saw earlier today on the National Retail Foundation website that the average person celebrating Valentine’s Day is going to shell out a whopping $126.03. Men will spend about $168.74 compared to $85.76 spent by women. L
Never mind it is the women’s holiday, I would much rather see the smile on my wife’s face from something I gave her.
Ever since we have been a one income household the dollar figure has steadily declined in the gifts that we have given to one another. When we first started dating, I was giving her a lot of jewelry but once finances became tighter that was one of the areas of excess spending that we tried to curb. Then bring on the two little kiddies and we have curbed just about all non essential spending.
In all fairness, my wife has a pretty good start to the beginning of the year. It goes for her Christmas, then her birthday near the end of January then Valentine’s Day. This period of the year sets us back a little, but we have another 10 months to regain ourselves from this.
When you are tracking your family finances and you are reviewing your budget, do you budget for holidays like this and birthday parties? Or do you have another bucket where you drop the non expected but expected events? We have been trying to put aside money for these but it is very hard on one income. Now that Mrs. MBA is working we should have no problem setting aside some for the birthday/Christmas/holiday fund.
So would you say you spend more or less than the average? I know when we were dating I spent significantly more but now I spend about the average…