If you’re single, you might be pleased to know you’re saving some money. The price of falling in love keeps climbing higher, according to a new review that’s come out just in time for Valentine’s Day.
RateSupermarket.ca’s third annual “cost of love” study says from start to finish, the dating process will run a bill of more than $50,000 – 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.
“I’m not saying you should give the gift of a financial plan for Valentine’s Day, but I’m thinking that this is a very expensive proposition,” said Pattie Lovett-Reid, CTV News’ chief financial commentator. “You’ve got to get it right.”
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 “fancy” date, for example, includes a nice dinner and theatre tickets, while “casual” dates take into account the cost of takeout, coffee and Netflix.
Their assumptions might not be perfect – 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 Cupid’s arrow is going to cost, check out the chart below.
