TORONTO, Feb. 13, 2013 /CNW/ - Romance may be in the air this
Valentine's Day, but have you thought about how much money you'll be
spending on your sweetheart? Once the rose-coloured glasses come off
and the chocolate high has subsided, your romantic ways may leave you a
bit brokenhearted - about your savings. According to a recent
Scotiabank Valentine's Day poll on Facebook, a few of the top things Canadians are planning to spend on to make
this year's Valentine's Day memorable are chocolates, flowers and a
Valentine's Day has become such a popular day to show that special
person in your life how much you truly care. Thinking and planning
ahead about how much you want to spend on each other and making it
special in your own way is what really counts.
According to the poll, Canadians are thinking frugally this year, with
most saying they are not spending money this year and making a gift or
spending $100 or less.
Some simple tips to keep in mind as you plan to celebrate Cupid's big
Have Some Romantic Foresight By Planning Ahead: Whether you want to have dinner out, give your loved one a new watch or
jewelry, or book a trip, having a financial plan can help you get
organized for these types of expenses.
Time for a Romance Fund? Make your goals measurable. If you want to create a romance, rainy day
or emergency fund on top of your other savings plan, put a plan in
place to get there in a set amount of time. This way you will know if
you are getting off track.
Make Sure Cupid Doesn't Run Amuck: It is easy to get carried away while finding the perfect something for
your sweetie - make sure you keep an eye on your spending. By using
online banking, mobile banking and/or InfoAlerts, you'll see an accurate picture of how much you are spending and where.
If you recognize that you are going overboard, you can adjust and start
building healthier spending habits.
Be creative! You don't need to spend a lot to make this Valentine's Day a special
one. Handmade gifts are often the most memorable. Creating a personalized gift can be
a great alternative to the standard flowers and chocolates.
Bring in an expert: Like your maître d' will know the best entrée, consider asking an
expert to help you with your finances. A financial advisor can help
with any budget, not just larger sums.
Scotiabank is one of North America's premier financial institutions and
Canada's most international bank. With more than 81,000 employees,
Scotiabank and its affiliates serve some 19 million customers in more
than 55 countries around the world. Scotiabank offers a broad range of
products and services including personal, commercial, corporate and
investment banking. In December 2012, Scotiabank became the first
Canadian bank to be named Global Bank of the Year and Bank of the Year
in the Americas by The Banker magazine, a Financial Times publication. With assets of $668 billion (as at October 31, 2012),
Scotiabank trades on the Toronto (BNS) and New York Exchanges (BNS).
For more information please visit www.scotiabank.com.
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