1. Start putting money aside
In 2016, the National Retail Foundation reported that the 55% of Americans who celebrated Valentine’s Day spent $19.7 billion, with nearly $12 billion going towards gifts, $1.7 billion towards sweets, and $4.5 billion towards romantic dinners. Each individual shelled out an average of $146.84 last year, and under-35s splurged an average of $185. It’s not exactly chump change, which is why it’s a good idea to start saving now before you have to throw it around like a Rockefeller in two weeks.
For those who can’t say “no” to Seamless coupons or after-work happy hours, money saving apps like Digit and Unsplurge will do it for you. Digit is an automated savings account that monitors your income and spending habits, and socks away about 5.5 percent of users’ income on average. In two to three days, Digit takes anything from $2 to $17 and puts it in a separate savings account you control. If you request to withdraw $13.22 daily, you’ll hit $185 in 14 days. Save $20 a day and you’ll have a nice cushion to spend over if needed.