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Of Love & Money: Valentine’s Day in the UK

Secured Loans > Our Loans > Joint Loan > Of Love & Money: Valentine’s Day in the UK

It wasn’t that long ago that Valentine’s Day meant buying a card for your loved one and perhaps a bunch of flowers or a box of chocolates. Not anymore. Exactly how much we British spend on Valentine’s Day varies depending on the survey you look at, but whichever one you choose, the days of a simple card and a box of chocolates being sufficient on the 14th of February seem to be long gone. On average, men spent £40 on their partner on Valentine’s Day, whereas women spent an average of £24.

And we don’t just spend money on our partners on Valentine’s Day. In the US, 15 per cent of women send themselves flowers, and an incredible $231 million is spent on pets. Here in the UK, sales of lingerie double in the run-up to V Day. Jewellery sales peak on the 8th of February – not surprising, when you think that ten per cent of all marriage proposals happen on Valentine’s Day.

Looking through the infographic, we break down for you how much is going to be spent in 2015 on Valentine’s day, the most generous age bracket, and what are some of the most popular gifts that are bought to celebrate the day.

Coming not long after Christmas and the New Year, Valentine’s Day can be an additional, expensive event. If you find it difficult to afford the cost of Valentine’s Day celebrations due to current debts, you may wish to consider looking at debt consolidation loans.

Secured loans allow you to borrow money against assets you already own. Consolidating existing debts could reduce your monthly payments by allowing you to combine multiple debt payments with various lenders into one manageable monthly amount.

Warning: Late payment can cause you serious money problems. For help, go to moneyhelper.org.uk

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Evolution Money Limited is a licensed credit broker and service provider to Evolution Lending Limited. If your application doesn’t meet the underwriting requirements of Evolution Lending Limited we may pass your information to other lenders and brokers. Evolution Money Limited is a company registered in England & Wales, registration number 06987852 and registered at 9 Portland Street, Manchester, M1 3BE. Authorised and regulated by the Financial Conduct Authority, firm reference number 708324.

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