How Much Are You Spending on Celebrations?

Written by Karen Bryan

My misgivings about overhyped celebrations were confirmed when I read the Baines & Ernst infographic detailing the Cost of Celebrations. Oh dear, why do people get sucked into all of this?  I suppose that there’s a fair amount of peer pressure associated with these love fests. If you don’t make a fuss of your loved one on Valentine’s Day, it could mean that you don’t care enough about them. Well, I’d put it the other way round, it’s a lot more important to show how much you care for partner the other 364 days of the year, rather than focusing on making a big fuss of them on Valentine’s Day. The same goes for Mother and Father’s Days. As a Mum, I’d much rather hear from our sons a few times a year than only be remembered due to the Mother’s Day prompt.

cost of celebrations infographic How Much Are You Spending on Celebrations?

Valentine’s Day appears to be the biggest money puller ,netting a cool £2.4 billion. I can’t understand why couples don’t celebrate a date of personal significance to them, instead of a day for romance designated by others. Ignoring celebrations around 14th of February could save you money too, as the price of short breaks, flowers and restaurant meals often shots up around Valentine’s Day.

Then there’s the “can you afford it?” angle to all the celebrations. If a couple are in debt, they could repay almost £200 of that debt by not spending any cash on celebrating Valentine’s Day. Not very romantic I know, but if you put £100 onto your credit card, you could end up paying around £20 in interest on that balance. Whereas, if you pay off £100 of an outstanding on your credit card, instead of spending £100 on Valentine’s Day, then you could save another £20 in interest over the year.

I thought that it was very unfair that 30 million cards are sent to Mums on Mother’s Day but only 7 million cards are sent to Dads on Father’s Day. C’mon people, show equal appreciation to both your parents.

I think that kids would benefit a lot more from getting the cash equivalent of 8.8 Easter eggs a year. If you estimate that, on average, an Easter egg costs £3, each child could amass savings of £250 over a ten year period.

 

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One Response to “How Much Are You Spending on Celebrations?”

  1. One friend of ours buys cards in bulk (serious bulk – they have lasted him some years!). This way while you may send the same card to everyone, they are not to know it. Celebrations can be a very expensive marketing ploy – we only do it for special events and don’t send Christmas cards anyway!


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