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Chicago, Jan. 28, 2019 (GLOBE NEWSWIRE) -- How can consumers save money on Valentine’s Day? Easy: buy a thoughtful present.
In a new survey commissioned by fintech firm OppLoans, an overwhelming percentage of Valentines — 88 percent — said that it’s more important for a present to be thoughtful than expensive. Forty-one percent said a thoughtful present could cost $0 and they’d still be happy with it.
The survey polled 1,400 American adults who plan to celebrate Valentine’s Day with their romantic partner. The results were released today through OppU, the financial education arm of OppLoans.
According to the survey, a thoughtful present would need to cost, on average, at least $39.16 to make a Valentine happy. A thoughtless present, on the other hand, would need to cost $71.70 to please a Valentine — an 83-percent premium.
While many people are happy to receive less expensive gifts, the survey suggests that a large percentage of Valentines nonetheless enter the holiday with high expectations.
Given the emotional buildup, it might not be surprising that many Valentines splurge on their celebrations. However, a significant percentage have used credit cards and loans to finance purchases they couldn’t afford, and a shocking number admit financial infidelity.
“Valentine’s Day is a time to show loved ones you care,” said Matt Pelkey, who led the research for OppLoans. “But breaking the bank to do it is risky, and it isn’t what Valentines want.”
The full survey results — as well as a shareable infographic — are available on the OppU blog.
OppLoans is one of the highest-rated online lenders and service providers in the industry. With fast funding, total transparency and unmatched customer service, OppLoans provides non-prime borrowers a reliable source of short-term funding. OppLoans has been listed on the Inc. 500 three years in a row and was ranked 86th on Deloitte’s 2018 Technology Fast 500™.
Matt Pelkey OppLoans 312-212-8079 ext. 909 email@example.com