Celebrating Valentine’s Day? Be a smart and savvy shopper

Toronto, Ont. Feb. 7, 2014 — Love isn’t the only thing Canadians are thinking about as Valentine’s Day approaches.

They’re thinking more about saving money instead of spending it on their loved ones, according to a recent survey by RetailMeNot.ca.

Eighty-nine percent of the 1,516 Canadians surveyed said they planned to spend the same or less on their loved ones than they did in 2013.

The survey also showed when it comes to how much Canadians would spend, only 7 per cent said they would pay more than $100 for a Valentine’s Day gift.

Jeffrey Schwartz, executive director of Consolidated Credit Counseling Services of Canada, said the results aren’t surprising – because Canadians know how to save properly.

“When it comes to a day like Valentine’s, many Canadians don’t go out and spend thousands on their loved ones,” Schwartz says. “They spend what they can and just put more thought into what they’re buying”.

If you’re looking at how to budget so you can get that special someone a gift for Valentine’s, Consolidated Credit has great budgeting tips on its website to prepare for those special days of the year.

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