Saving Money Blog

Finance Blogs » Saving Money Blog » Don’t let cupid strike your wallet

Don’t let cupid strike your wallet

By Jessica Patel ·
Wednesday, February 6, 2013
Posted: 3 pm ET

I recently teamed up with and Retail Me Not for a Google Plus Hangout about Valentine's Day spending.

In the chat, Michael Schreiber, Trae Bodge, Gerri Detweiler and I talked about how couples should set their expectations for Valentine's Day gifts in advance.

We also discussed compromising when it comes to gift-giving and even revealed why the price of roses jumps right before Feb. 14.

Take a look below for the full video and all the expert tips.

Here are some quick highlights.

  • Talk about what you're going to spend beforehand. It may not be romantic, but you don't want to be in the poor house because you want to outshine each other with pricey gifts.
  • Use a credit card company's portal when buying flowers, candy or teddy bears, and you'll rack up as much as triple the points from your credit card -- points you can then use for cash back or other rewards.
  • Don't be shy about using Valentine's Day coupons -- at least not for a gift. Significant others appreciate the fact you got a deal on the gift you purchased for them. Just try to avoid using a coupon out at dinner -- unless you agreed beforehand that it was OK.

Bankrate wants to hear from you and encourages comments. We ask that you stay on topic, respect other people's opinions, and avoid profanity, offensive statements, and illegal content. Please keep in mind that we reserve the right to (but are not obligated to) edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.

By submitting a post, you agree to be bound by Bankrate's terms of use. Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices.