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Don’t let cupid strike your wallet

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

I recently teamed up with Credit.com 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.

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