Here Are 5 of the Biggest Valentine’s Day Rip-Offs

Photo (cc) by Muffet

Roses are red. Violets are blue.

If you buy a dozen roses this Valentine’s Day, you’ll pay out the wazoo!

Florists typically hike the price of a dozen roses a whopping 100 percent or more on Valentine’s Day, according to CNBC. And that’s not including delivery fees and surcharges. Yikes.

According to the National Retail Federation’s annual Valentine’s Day consumer spending survey, roughly half (54.8 percent) of Americans plan to celebrate Valentine’s Day this year, with spending expected to reach a survey high $19.7 billion.

Consumers said they plan to spend about $146.84 to shower their sweethearts and loved ones with gifts of flowers, jewelry, candy and apparel. And many of those gifts come with a hefty price tag.

“Be aware of what you are spending and that it’s in your budget,” Monica Sipes, a financial adviser at Exencial Wealth Advisors and the daughter of a florist, told CNBC. “Don’t always think you need to one-up your previous Valentine’s Day.”

The clock is rapidly counting down to Valentine’s Day. If you don’t have a gift yet for your sweetheart, you may want to avoid these five Valentine’s Day rip-offs (your wallet will thank you):

  1. Roses: Not only are a dozen roses expensive near Valentine’s Day, but they’re also overdone. While a dozen roses typically costs between $10 and $50, that price tag skyrockets during Cupid’s favorite holiday, with roses costing as much as $5 or $8 EACH in New York, according to Money. If you still want to purchase the standard 12 red roses, you’ll likely get the best deal at a local florist shop.
  2. Dining out: A romantic Valentine’s Day dinner at one of your favorite restaurants requires both planning ahead – sometimes weeks ahead for reservations – and a big billfold. Money said a typical $70 dinner for two at many restaurants will cost double that amount or more on Valentine’s Day. Plus, because restaurants are so busy on Feb. 14, don’t be surprised if you have slow service. A dinner at home has never sounded better, right?
  3. Chocolates: Flowers and chocolates are the standard gifts men buy for their partners on Valentine’s Day. But Money said you should not be fooled by a pretty, heart-shaped box of chocolates. “[I]t’s the same old candies inside them. You’re just paying extra for the presentation,” Money explains. Plus, you can probably those same candies for at least half off on Feb. 15.
  4. Cards: Greeting cards aren’t cheap these days. Americans are expected to spend about $1.1 billion on cards for Valentine’s Day this year. Yikes. At $5 to $7 per card, that’s a pricey gift, especially when you consider it typically gets tossed in the trash shortly after Valentine’s Day. A handmade card is often a much cheaper and more memorable option.
  5. Lingerie: Although it’s a nice sentiment, men buying lingerie for their spouses and girlfriends is not always the best idea. “Not only can men make dubious choices when it comes to intimate wear, the price tag can get outrageous if you’re not shopping smart,” cautions

Looking for inexpensive Valentine’s Day gift ideas? Check out “15 Gifts for Valentine’s Day: Spend Less and Rev Up the Romance.”

My husband always buys me a dozen red roses for Valentine’s Day. Although I appreciate the gesture, the flowers’ price tag is hard to swallow. I asked him to skip buying roses and chocolates this year and instead make me a gift or dinner, or even do a few loads of laundry! How’s that for romantic?

Did we miss any Valentine’s Day rip-offs? What do you think of the list? Share your comments below or on our Facebook page.

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.

Most Popular
New Retirement Bill Would Help Savers of All Ages
New Retirement Bill Would Help Savers of All Ages

With bipartisan support, this bill could help millions of workers and retirees boost or conserve their retirement savings.

If You Find This Thrift Shopping, Buy It
If You Find This Thrift Shopping, Buy It

This iconic dinnerware is prized for everyday use as well as reselling for profit.

3 Colors That Can Ruin Your Car’s Resale Value
3 Colors That Can Ruin Your Car’s Resale Value

Select the wrong color for your next car, and it could depreciate twice as fast as others.

20 Things That Are Actually Worth Stockpiling
20 Things That Are Actually Worth Stockpiling

You don’t need a year’s supply of toilet paper to survive an outbreak, but consider stocking up on these items.

9 of the Best Things to Do When You Retire
9 of the Best Things to Do When You Retire

You’ve waited all your life for this moment. Make the most of your retirement.

Beware This Hidden Ingredient in Rotisserie Chicken
Beware This Hidden Ingredient in Rotisserie Chicken

Something foul may lurk in those delicious, ready-to-eat birds.

View More Articles

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Add a Comment

Our Policy: We welcome relevant and respectful comments in order to foster healthy and informative discussions. All other comments may be removed. Comments with links are automatically held for moderation.