Globally, inflation is expected to drop to 5.8% in 2024, and it will be higher than last year in fewer than 50 countries. However, the recent inflation surge has left its mark. High prices of dining out and entertainment are pushing people toward more affordable alternatives.
Rising living costs and economic uncertainties have made expensive dates less feasible. People are more cautious about spending money, especially on non-essential activities.
Younger generations often carry significant student debt and face lower wage growth compared to previous ones. This financial burden influences their dating choices.
On a non-economic note, there is a growing trend towards valuing experiences and genuine connections over displays of wealth.
Cheap and free date ideas
The dating app Plenty of Fish coined the term “infla-dating” to describe the process of planning less expensive dates to soften the blow inflation has dealt. Below are some examples of affordable or free dates.
Prepare homemade sandwiches, snacks, and drinks, and bring a blanket to a local park. If there is no park in your area, this might not be a feasible idea.
If there is, you’ll enjoy the fresh air and each other’s company. Go during the day, when there are a lot of people around.
If you feel comfortable inviting the person to your home or going to theirs, you could plan and cook a meal together. It’s fun, intimate, and much cheaper than dining out.
You could stream a movie with some homemade popcorn and snacks or choose a theme and watch a series of movies. It’s a great idea as long as you have some privacy in your home and aren’t living with a bunch of nosy people, your family, or both.
Some museums and galleries offer free admission days or pay-what-you-can options.
Look for free events in your city, such as concerts, festivals, or art shows. Many cities offer free cultural and community events.
Gather some basic craft supplies and create something together. It could be painting, making jewelry, or building something from scratch.
Spend time browsing books together at a bookstore or library. You can each pick a book for the other to read.
FAQ
Should I date on a budget to save money?
Yes, budget-friendly dates help you save money for other important goals, such as travel, education, or future plans together. What’s more, eliminating the pressure to spend a lot on dates can reduce financial stress, making dating more enjoyable and less worrisome.
Can you form a relationship despite low-budget dating?
Yes, low-cost dates often emphasize conversation and activities that allow you to get to know each other better, fostering deeper connections. Developing the habit of enjoying simple, affordable activities together sets a foundation for a sustainable and realistic budgeting approach.
Affordable activities also encourage more communication and interaction, helping you develop better communication skills and emotional intimacy.
When will budget-friendly dates ruin a relationship?
They won’t, per se. If you and your partner do not share values regarding money and lifestyle, you won’t be compatible long-term.
What are some other advantages of affordable dates?
Practicing mindful spending in dating can extend to other areas of your life, promoting overall financial responsibility and awareness. According to 2024 data from MarketWatch, just 57% of US adults are financially literate.
Low-cost date ideas such as hiking, picnics, and home-cooked meals have a smaller environmental footprint.
Budget-friendly dating encourages trying new and diverse activities that you might not consider with a higher budget. The most cherished memories often come from unique, creative, and heartfelt experiences.
