Don’t blow your budget this Valentine’s Day

2019-02-20 06:00
PHOTO: sourced

PHOTO: sourced

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

VALENTINE’S Day is a special day set aside to celebrate love.

However, as beautiful as it may be, we tend to overspend, which leaves us with a huge hole in our pockets.

The fundamentals of saving should be applied to any special and celebratory occasion.

“Whether you spend on a special birthday, wedding anniversary, or Valentine’s Day, ensure that you plan accordingly and start saving early,” says Ester Ochse, Product Specialist at FNB Wealth and Investments. “Your budget should highlight your daily, household expenses as well as investments and your celebratory expenses.”

Celebratory expenses or events can be costly and, depending on what you are buying, may leave you with a little less at the end of the month.

Ochse adds: “We enjoy spoiling our loved ones but care should be taken on how much we spend on such events. The cost of gifts increases drastically around events like Valentine’s Day, so ensure that you budget properly.

“There is nothing wrong with spoiling your loved ones, but try to stick to the basics of money management and not overspend as prices are sometimes double the actual price.”

“It’s important for consumers to look at buying gifts that are within their budget. Trying to impress someone with a gift that is costly will not help your balance sheet. So, stick to what you can afford,” adds Ochse.

Occasions like Valentine’s Day give you an opportunity to be innovative and creative around gifting options.

There are many alternatives to shopping for your loved ones. If you haven’t planned, consider online shopping, which will help you save some time running to the shops for last minute gifting ideas. Plus, everything will be delivered to your doorstop.

If you cannot get a booking at one of your favourite restaurants in town, consider DIY dinners. Be creative and cook up yours or your loved ones favourite meal.

“If you don’t celebrate Valentine’s Day, use your money to open a Tax-Free Savings or investment account. That money invested now will help you save for your future and help kick-start your investment and savings journey.

“Budgeting for Valentine’s Day should be done on a yearly basis. If it is something that you celebrate faithfully, try to include this in your budget,” concludes Ochse.

— Supplied.


Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.