Valentine’s Day: how not to overspend on this date?

This Tuesday day Valentine’s Day and according to Lima Chamber of CommercePeruvians set aside between £100 and £150 to spend time with friends or couples; however, with inflation above 8%, it is necessary to protect the wallet.

“We have to spend up to 5% of our monthly income. If you want to save a little, you should buy something in advance because most people are used to buying on this day and prices are also rising,” said Julio Quispe, professor of management and finance at Esan University.

By this date, the premises have graced their environment for receiving their clients, and according to the Peruvian Association of Hotels, Restaurants and Related Products, a couple can spend as little as 60 soles per person on a date.

What details will be available for this valentine?

However, the main characters of this date are gifts and details. Therefore, in Santa Rosa Flower Market from the Lima district of El Rimac, the list of sellers offers from 50 soles.

“The box is a 15 x 15 square box that contains more or less 6 roses and some details, foliage, balloons, all of which cost 50 soles. We have bouquets now coming out with Korean papers from 50 soles to 200 soles depending on the size. There are flower arrangements from the cheapest at 25 soles to the best at 500 or 600 soles,” says merchant Louise Makabilka.

Monica Munoz Najar, economist Development Research NetworkHe recalled that there are people who invest up to 500 soles in a Valentine’s Day gift; however, this figure has been reduced. If before the pandemic at least 2 out of 10 Peruvians spent this amount, now only one is enough.

Celebrating at home is a good option

“Do not rule out the possibility of collecting something at home, also think about what you can do together, it does not have to be a gift for another person, but it can be an experience, you can take a lesson together, walk together, such things are quite enriching; In addition, some expenses can be divided between them,” he recommended.

Before making any decision, we can always create a budget in which we prioritize our basic needs and pending payments, because this way it will be easier to determine how much money we have to spend on that special date.