According to the University of Western Ontario, 60.9% of Canadians that celebrated Valentine’s Day in 2006 spent an average of $100.89 to mark the event. The average Canadian male spends $135.67 to impress his mate, while females spend only about $68.64. Sure, the long stem roses and fine dining are nice if you can afford it but what about those of us sticking to a financial plan?
Here are some fun ideas to celebrate with your honey this year that won’t leave you in the red:
- Cook a meal together- Who needs an over-crowded restaurant that keeps you waiting to be seated (even with reservations) when you can prepare a wonderful cozy meal together at home? Even if you aren't a regular Jamie Oliver, fixing something simple together not only saves money but provides an opportunity for quality time together. And hey, even if you burn the casserole, at least you’ll have a funny story to laugh about next year!
- Go for an evening walk- Just because it’s February doesn't mean you can’t enjoy a lovely stroll with your beloved. Don’t forget to bundle up and why not huddle together for extra warmth and cuddles along the way.
- Plan a photo shoot- Bring out your creative side! Grab a camera and shoot some couples shots. Themes can range from heart-warming hugs by the fireplace to racy, lacy boudoir (as long as your partner is comfortable with that of course). Say cheese!
- Try something new- A great way to bond with your partner is to try something new to the both of you together. Maybe it’s a yoga class or a new kind of food. Shared experiences are a great way to form positive memories while sticking to your financial plan.
- Chit chat- Couples that talk often to each other report being happier in their relationships. Set some time aside to catch up on the things that are important to each of you. Share in your partner’s happiness and good news and support them through their struggles.
- Be crafty- Projects will likely need to be thought out well in advance but if you are lucky enough to be skilled in knitting, crocheting, woodworking, painting, baking etc, then put those skills to good use. A hand knit scarf will likely cost a fraction of the retail price plus the time invested in home made products makes these gifts that much more special.
There are lots of inexpensive ways to show someone that you care about them. If you have a financial plan you're sticking to, have a candid talk with your partner before Valentine’s Day, birthdays or any other holiday and decide on a fair price limit for gifts. After all, you probably don’t want your sweetheart expecting a blue box from Tiffany’s when you had a Ring-Pop in mind. Happy Valentine’s Day!
Frequently Asked Questions
Have a question? We are here to help.
What is a Debt Consolidation Program?
A Debt Consolidation Program (DCP) is an arrangement made between your creditors and a non-profit credit counselling agency. Working with a reputable, non-profit credit counselling agency means a certified Credit Counsellor will negotiate with your creditors on your behalf to drop the interest on your unsecured debts, while also rounding up all your unsecured debts into a single, lower monthly payment. In Canada’s provinces, such as Ontario, these debt payment programs lead to faster debt relief!
Can I enter a Debt Consolidation Program with bad credit?
Yes, you can sign up for a DCP even if you have bad credit. Your credit score will not impact your ability to get debt help through a DCP. Bad credit can, however, impact your ability to get a debt consolidation loan.
Do I have to give up my credit cards in a Debt Consolidation Program?
Will Debt Consolidation hurt my credit score?
Most people entering a DCP already have a low credit score. While a DCP could lower your credit score at first, in the long run, if you keep up with the program and make your monthly payments on time as agreed, your credit score will eventually improve.
Can you get out of a Debt Consolidation Program?
Anyone who signs up for a DCP must sign an agreement; however, it's completely voluntary and any time a client wants to leave the Program they can. Once a client has left the Program, they will have to deal with their creditors and collectors directly, and if their Counsellor negotiated interest relief and lower monthly payments, in most cases, these would no longer be an option for the client.