10 Sep 2020 • 6mins • Fonk

3 surprising insights on 21st-century dating and how it affects your budget

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Are you a Tinder-pro, in a long-term relationship or happily married? You might be surprised who’s really splashing out on their dating budget.

‘Eating out’ and ‘leisure spend’ – they’re two of our favourite budgets here at Yolt for obvious reasons! We’re not afraid to admit that a few of us on the team were taken aback when we first saw how much we spent across these budgets every month. We got to thinking about just where, when, and why we tend to go a bit overboard when it comes to our fun budgets. One team member insisted that the recent uptake in her dating schedule was to blame. But that was met with a rebuttal from colleagues in relationships – surely they were spending more.

Though analysing the Yolt team’s thrilling dating lives could be entertaining, we decided to do a bit more research and ask over 2000 millennials across Britain for their input. Without further ado, here are some of our favourite findings…

Finances Of Dating 1

Millennial Brits hit the town 2x a month on date nights

In recent years there’s been a lot of conversation about millennials and their crazy dating habits – or, according to Huffpost, the lack thereof. OK, they made some valid points – ghosting is the worst. But to suggest millennials aren’t dating at all? We had to disagree – and now we have the numbers to prove it.

On average, millennial Brits are hitting the town twice a month for date nights, with a lucky 19% upping their game to 3 or 4 dates a month. Dinner is still the most popular night out, followed by drinks, the cinema, and a romantic homemade meal. But whatever your preference, at an average £1500 worth of dates per year, dating is definitely still a big part of our everyday lives.

Finances Of Dating 2

The cost of true love? About £150 extra per year

From the classic dinner and a movie to a wild night on the town, the average millennial single man and single woman spend about £1706 and £1139 respectively on first dates throughout the year. Love doesn’t come cheap - and, it seems, this is especially the case for couples. On average, millennial men and women in relationships spend an additional £150 each per year on dates with their partners. We’ll put this one down to those special anniversaries – after all, maybe an extra £150 every year is a small price to pay for the love of your life!

Finances Of Dating 3

For a little wow factor…Go on a date with someone from Manchester!

Of course, we were curious how dating trends and budgets vary from region to region, so we thought we’d take a small tour across the UK and see how they compare. Manchester scored extra points for generosity on their first dates, averaging the most expensive first date at £61.30. Londoners, on the other hand, are most likely to splash out on their partners, with 12.8% spending between £100 and £250 on a date with their loved one, and an overall average of £77/date with a partner. If you’re more about frequency, you might want to look for love in Edinburgh, where 6.6% of respondents said they go on 7 to 10 dates a month.

Finances Of Dating 4 2

So, is date night really a driving force behind our fun budgets? Well, if you’re heading out on 10 big dates every month….maybe. But otherwise, the most important thing is knowing where and how you’re spending your money – from housing to dating – so you can truly go out and make the most out of life.

Are you a Tinder-pro, in a long-term relationship or happily married? You might be surprised who’s really splashing out on their dating budget.

‘Eating out’ and ‘leisure spend’ – they’re two of our favourite budgets here at Yolt for obvious reasons! We’re not afraid to admit that a few of us on the team were taken aback when we first saw how much we spent across these budgets every month. We got to thinking about just where, when, and why we tend to go a bit overboard when it comes to our fun budgets. One team member insisted that the recent uptake in her dating schedule was to blame. But that was met with a rebuttal from colleagues in relationships – surely they were spending more.

Though analysing the Yolt team’s thrilling dating lives could be entertaining, we decided to do a bit more research and ask over 2000 millennials across Britain for their input. Without further ado, here are some of our favourite findings…

Finances Of Dating 1

Millennial Brits hit the town 2x a month on date nights

In recent years there’s been a lot of conversation about millennials and their crazy dating habits – or, according to Huffpost, the lack thereof. OK, they made some valid points – ghosting is the worst. But to suggest millennials aren’t dating at all? We had to disagree – and now we have the numbers to prove it.

On average, millennial Brits are hitting the town twice a month for date nights, with a lucky 19% upping their game to 3 or 4 dates a month. Dinner is still the most popular night out, followed by drinks, the cinema, and a romantic homemade meal. But whatever your preference, at an average £1500 worth of dates per year, dating is definitely still a big part of our everyday lives.

Finances Of Dating 2

The cost of true love? About £150 extra per year

From the classic dinner and a movie to a wild night on the town, the average millennial single man and single woman spend about £1706 and £1139 respectively on first dates throughout the year. Love doesn’t come cheap - and, it seems, this is especially the case for couples. On average, millennial men and women in relationships spend an additional £150 each per year on dates with their partners. We’ll put this one down to those special anniversaries – after all, maybe an extra £150 every year is a small price to pay for the love of your life!

Finances Of Dating 3

For a little wow factor…Go on a date with someone from Manchester!

Of course, we were curious how dating trends and budgets vary from region to region, so we thought we’d take a small tour across the UK and see how they compare. Manchester scored extra points for generosity on their first dates, averaging the most expensive first date at £61.30. Londoners, on the other hand, are most likely to splash out on their partners, with 12.8% spending between £100 and £250 on a date with their loved one, and an overall average of £77/date with a partner. If you’re more about frequency, you might want to look for love in Edinburgh, where 6.6% of respondents said they go on 7 to 10 dates a month.

Finances Of Dating 4 2

So, is date night really a driving force behind our fun budgets? Well, if you’re heading out on 10 big dates every month….maybe. But otherwise, the most important thing is knowing where and how you’re spending your money – from housing to dating – so you can truly go out and make the most out of life.