Greetings, On The Money readers!
Who knew that it is sexy to be fiscally responsible?
Many Gen Z adults in the United States – those currently in their teens and 20s – are frugal daters these days as they contend with higher living costs, according to a new Bank of America survey.
More than 50% of respondents spent no money at all on dating, according to a poll of more than 900 people between the ages of 18 to 28. Among those who did, 25% of men and 30% of women spent less than $100 a month, the survey showed.
So where is their money going? More than half of the survey respondents said they are shoring up savings, while 24% are paying down debt as a way to improve their finances.
I posted this data on LinkedIn and asked readers to send me cheap-date suggestions. I got some great responses, including "Make lasagna," from Heather Boneparth, co-author of the forthcoming book "Money Together" with her husband Douglas, who is a New York-based financial adviser at Bone Fide Wealth.
"When Douglas and I were young in the city and earning what felt like negative money, making a lasagna took time and care and the reward was delicious," she writes. "It was much cheaper than a fancy night out, and we could have the leftovers for a week."
Maureen Carrig, a public relations consultant, offers up more summer cheap-date ideas:
🍸 Happy hour: Always better than dinner. Have a drink, share some apps, then head out for a walk.
🍅 Farmers' markets and outdoor fairs: Buy a few things from local vendors to prepare a great meal at home.
🍿 Movie nights: Many parks offer free outdoor movie nights during the summer.
I'd throw free outdoor concerts into the mix, too. Just grab a picnic blanket (more romantic than lawn chairs), some wine and snacks!
Any other suggestions? Write to me at onthemoney@thomsonreuters.com.
No comments:
Post a Comment