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Dating on a Budget

dating on beach

Whether you are about to go out on your first date or you’re planning your one-year anniversary, having a date night is imperative to growing a healthy and happy relationship. Unfortunately, many think that the more expensive the date is the better the experience will be, but we are here to debunk that myth. Traditional dates, like a fancy dinner out or a trip to the movies can add up financially, especially if the meals or activities are not being split equally. The way around maxing out your date night budget is easy, all you have to do is think outside the box. Here are 4 tips on how to date on a smaller budget.

1. Think smarter, not harder

Stop going out to eat on a regular basis. Just because you want to do something with your date, doesn’t mean you have to pick him or her up and head downtown to the most popular restaurant. Instead, research the best takeout menus around you and head to a nearby park for an outside picnic. If it’s raining out head to the grocery store and get ingredients for an impromptu taco night. Both of these options don’t take a lot of skill in the kitchen and will help you save exponentially.

2. Be adventurous

Most of the time, a date is just an excuse to hang out with your significant other and get out of the house. For your next date, think about just going for a walk or a hike. Taking the time to get rid of any other distractions and having some 1 on 1 time can be the perfect afternoon, and you don’t even have to take out your wallet!

3. Communicate and plan

Understanding the different financial background that your significant other comes from is an important step for your dating life in the future. Making sure you communicate with your partner about what you feel comfortable spending on dates for a monthly basis. Once you have that discussion, it might be easier to plan ahead for the future. If you are looking for help on how to budget enough money for dates, take a look at the personal financial management tools available to Radius customers.

4. Use a cash back debit card

It’s safe to say that even on a budget, dating is going to cost some money. It is important to take advantage of the cash back options available to you as a Radius customer. When you use your debit card, you will receive 1.5% cash back on purchases involving health, entertainment, food and social good. Even on any other purchases, you will receive 1.00% cash back.1,2 Once both of you see the rewards put back into your bank account at the end of each month, you will be fighting over who gets to pay the next bill!

1 The Debit Card Rewards Program (Cash Back Rewards) will provide 1.00% cash-back on all Qualified Purchases made by eligible Rewards Checking account holders if the account holder does any of the following; meet the requirements, is grandfathered in, or keeps an average balance of $2,500 or greater within the calendar month in their Rewards Checking Account, or receives total deposits of $2,500 or more in their Rewards Checking account via qualifying Direct Deposit within the month. Qualifying Direct Deposits are Automated Clearing House (ACH) credits, which may include payroll, pension or government payments (such as Social Security) by your employer, or an outside agency. Radius Bank may require documentation to verify that credits are Qualifying Direct Deposits. The value of this reward may constitute taxable income to you. You may be issued an Internal Revenue Service Form 1099 (or other appropriate form) to you that reflects the value of such reward. Please consult your tax adviser, as Radius Bank does not provide tax advice. Qualified Purchases include signature-based purchases made with a Radius Bank Debit Card tied to a Rewards Checking account enrolled in the Debit Card Rewards program. These are “credit” purchases that can be made in stores and online. To make a signature-based purchase, select “credit” rather than debit at point-of-sale kiosks. The “credit” option is most often pre-selected when making purchases online using a debit card. Online subscription payments may not be considered signature-based purchases. The payment transaction type (signature-based or other) is ultimately decided by the merchant and how the transaction is transmitted to Radius Bank at the time of processing. We reserve the right to determine if a transaction was a Qualified Purchase, and to establish additional types of Qualified Purchases that could be made available in a variety of ways. Any goods or services purchased with the Radius Bank Debit Card that are returned or otherwise credited to your Account are not qualified purchases. Unlawful purchases and purchases of currency, cash or cash equivalents (including, without limitation, currency from the U.S. Mint, Travelers Cheques, gift cards, Cryptocurrency, Casino Chips, Peer to Peer Payments, prepaid debit cards, account openings, loan payments, or other cash equivalents) made with your Radius Bank Debit Card are not Qualified Purchases. We may require you to provide documentation to validate that certain purchases are Qualified Purchases. Radius Bank reserves the right to modify or discontinue this program at any time. Your enrolled account must remain open, active, and in good standing to participate in the program, meaning: No NSF (non-sufficient funds) items during the preceding twelve calendar months in your checking account (regardless of the type of checking account). An eFunds check must show no negative history in the preceding twelve months and all monthly servicing fees must have been paid in full for the 12 preceding months. Radius Bank reserves the right to modify the description of “good standing” at any time. If you or the Bank closes your account for any reason before the end of the statement cycle, you will forfeit all rewards accrued through your linked Debit Card during that statement cycle.

2 For a limited time, an additional 0.50% bonus on transactions made in certain merchant categories will apply. Transactions must be within the following dates to qualify for a bonus: April 1, 2020 to December 30, 2020. Only specified categories will receive a bonus. Categories receiving the bonus are: drug stores and pharmacies, medical services and health practitioners, misc. food stores, convenience stores, specialty markets, fast food restaurants, eating places and restaurants, grocery stores supermarkets, cable and other pay television (previously cable services), computer software stores, book stores, charitable and social service organizations. These categories are determined by the merchant, not by Radius bank. All additional requirements of the Debit Card Rewards program apply. 

About the author

Eileen Flynn

As the Social Media and Public Relations Coordinator at Radius Bank, Eileen has grown up with the online and mobile banking industry. Eileen writes for other generation Zers and recent college graduates who are balancing both saving and spending and explains how online and mobile banking is there to help.