
Single and struggling to save? How you can bank £2,400 a year - if you give up dating!
Single people could be spending up to £2,400 a year on dating, according to research from VoucherCodes.
More than two in five spend as much as £100 on every date, the survey found. This means individuals who go on two dates a month are paying £2,400 a year, the equivalent of a second-hand car or a two-week holiday abroad.
Savvy-minded savers could also be putting a large chunk of this money in their pension pot or stocks and shares individual savings account (Isa) to grow money through compounding.
Psychologist and intimacy coach Dr Lori Beth Bisbey says: 'Modern dating is like playing the lottery with your wallet – you're swiping, hoping for a spark, but burning through cash on connections that can go nowhere.
'Ask yourself: would you pay £100 to meet a stranger with no guarantee of chemistry? Get clear on what you're looking for and don't be afraid to walk away if a match doesn't meet your standards – financially or emotionally.'
She says you should call to talk to a potential date for ten minutes prior to meeting to spot red flags and judge if you want to spend your money and time on them.
L.evans@dailymail.co.uk
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Sky News
17 minutes ago
- Sky News
Heatwave live: Health alert extended to more areas; record-breaking day for Wimbledon
Explained: How to pick out the right sunscreen If you're going out in the sunshine, it's crucially important to have the right suncream protection. Not only does it help protect you against sunburn and skin cancer, but it can also help your skin as you age. Some of the UK's most popular sunscreens have failed safety tests in the past, offering far less protection than promised. Here's how to make sure you have the best protection... Choose a suncream with "broad spectrum" protection - this means it will protect against the two main types of UV (ultraviolet) rays in sunlight - UVA and UVB. While UVB rays are the main cause of sunburn and skin cancers, UVA rays can also contribute to skin cancer and premature ageing. You should also pick a product with a sun protection factor (SPF) of 30 or higher. The SPF number tells you how well the suncream protects against UVB rays. What is the star rating? While the SPF rating will tell you how well a suncream protects against UVB, star ratings are the indicator for UVA protection. You should look for a high star rating of four or five stars, according to Cancer Research UK, or "UVA" in a circle, which indicates it meets the EU's minimum standard. Cancer Research UK's tips for applying sunscreen: Use a lotion, pump-spray or roll-on over an aerosol, as the coverage from aerosols can be patchy and thin; Put enough on, applying sunscreen evenly and thickly; Reapply regularly, even if your sunscreen says it's "once a day" or "water resistant"; Don't rely on SPF in moisturiser or make-up, as often these products don't give enough protection on their own; Check the expiry date on your sunscreen to make sure it's still providing protection. For more on sunscreen and how to pick what's best for you, click on the link below...


Daily Mail
21 minutes ago
- Daily Mail
Banks get power to suggest how savers can get better returns - but it isn't financial advice
Banks and investment companies will soon be able to offer savers 'targeted support' to help them manage their money better, in one of the biggest shake-ups of financial advice rules for a decade. The firms will be able to make suggestions as to where they could move their money to make it work harder, under new rules being brought in by the City watchdog. This will not fall into the realm of regulated financial advice, for which they would have to meet costly restrictions. Under the plans, The Financial Conduct Authority will allow firms to make generic suggestions on what they could do with their money, based on what other people with similar circumstances to them are doing with theirs. This could include suggesting to people who are holding 'too much' cash, that they could move some of it to stocks and shares to get better returns. It could also be used in situations where firms identify a customer is under-saving for retirement. Under the new rules, firms could suggest an alternative pension contribution rate. The existing regulation has made it difficult for firms to offer anything beyond basic information to non-advised customers without risking straying over the boundary from guidance to advice. Firms including Hargreaves Lansdown and Vanguard are gearing up to offer such services. To participate in targeted support, firms must obtain a 'Part 4A' permission from the FCA, which is permission to carry out regulated financial activity, even if they are already authorised. They must identify the situations, groups of customers, and ready-made suggestions they will offer. These will not constitute personal recommendations, but rather behavioural nudges. Simon Harrington, head of public affairs at the Personal Investment Management & Financial Advice Association said: 'We believe [this] can be transformational to the way in which UK consumers interact and engage with their finances, and pension savings in particular.' At the moment, those who seek formal financial advice relatively late in life and when they already have a significant level of wealth. New clients typically approach a financial adviser with an investment portfolio of over £400,000, and the average advised investor is aged around 60, according to research from The Lang Cat. The FCA found that 7million people hold more than £10,000 in cash which could be making better returns. Of those who did not receive financial advice, but hold £10,000 or more in cash savings, 24 per cent said they don't invest because they don't know enough about it. More than half of savers would welcome support when they need to decide whether to invest excess savings, according to the FCA. Targeted support will not replace regulated financial advice, but it has the potential to help millions of savers who do not, or cannot afford, to receive financial advice. Steven Levin, chief executive of investment platform Quilter, said: 'Targeted support won't replace full advice – and nor should it – but it could become a vital stepping stone on the path to comprehensive financial planning.' Sarah Pritchard, deputy chief executive of the FCA, added: 'These once-in-a-generation reforms will help people navigate their financial lives and give them greater confidence to invest. 'This is a win-win for consumers and firms alike.'


Daily Mail
29 minutes ago
- Daily Mail
Revealed: Tyson Fury's fortune rose from £82m to £162m in 2024 after first fight with Oleksandr Usyk with retired boxer's company continuing to rake in more millions from investments
Tyson Fury 's fortune almost doubled from £82.3 million to £162 million last year, it can be revealed. Fury's boxing company show reserves rocketed by £80 million after his first fight with Olekasander Usyk in May last year. But despite the mega boost to his worth Fury took a modest dividend payout of £100,000 compared to £150,000 the year before. Details are published in accounts for Tyson Fury Limited which channels the boxer's income from fights in the 12 months up to the end of September last year. The company holds cash reserves of £7.5 million, but the bulk of his fortune is held in unspecified investments which rocketed to £176.7 million from £108.8million. The overall value of his fortune is reduced because creditors are owed just over £28 million. Fury lost the World Heavyweight bout with Usyk in May last year, and was defeated a second time in a rematch in December. The figures for the second bout, also fought in Riyadh, Saudi Arabia, are not included in the latest accounts. And that means that his fortune is now likely to be way in excess of £200 million. The financial details mean that firm's financial clout is now very close to London rival Anthony Joshua's fortune. Joshua's Sparta Promotions Limited is worth almost £150 million and his 258 Marketing Limited £35 million. Last week friends of Fury said he was definitely retired although he was not at peace after the controversial loss to sky in December which was decided on three judges scoring his rival as the winner. He told WBC president Mauricio Sulaiman he was glad to have quit. Sulaiman said: 'I call him regularly and he said: 'Oh I'm so happy, retired, I'm here with my wife. 'He didn't hint whatsoever that he was planning on coming back. 'He told me he was not happy with the decision in the second fight with Usyk. 'He's still very bitter about the judges' scoring and he was very upset but he was retired, that's what he said.'