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Love may be priceless, but relationships can often come with a price tag. From dating to weddings and beyond, the costs of maintaining a relationship can add up quickly.
While the emotional rewards are immeasurable, being financially prepared can make all the difference. Here’s a breakdown of average relationship costs, along with some creative tips to save money without sacrificing meaningful moments.
And learn how financial tools like Kasheesh can help you manage and split expenses seamlessly.
1. The Price of Dating
Whether it’s a first date or a long-term tradition, dating involves recurring expenses.
According to research from 2024, the average date in the U.S. costs around $123 when factoring in dinner, drinks, and activities like movies or concerts. For those who date frequently, these numbers can stack up fast.
Ways to save:
- Opt for free or low-cost activities like hiking, visiting a museum on free-entry days, or cooking together at home.
- Take advantage of restaurant happy hours or use dining discount apps to cut costs.
- Rotate who pays for dates to balance expenses and foster financial equality in the relationship
2. Engagement Expenses
Getting engaged is a magical milestone, but the costs can be substantial. According to Brides.com, people typically spend between $5,000-$10,000 on an engagement ring alone, not to mention additional expenses for proposals, such as travel or elaborate surprises.
Ways to save:
- Consider alternative gemstones or vintage rings, which can be equally stunning and more affordable than diamonds.
- Plan intimate, meaningful proposals that focus on the moment rather than the spectacle.
- Use a service like Kasheesh to split large expenses (like an engagement ring) across multiple credit or debit cards, reducing the immediate financial burden.
3. The Big Day: Weddings
Weddings are often the most significant financial undertaking in a relationship. In the U.S., the average wedding costs $33,000, though expenses vary widely based on location, guest count, and style.
Ways to Save:
- Host a smaller wedding or elope, investing in experiences like a honeymoon instead.
- Choose non-peak dates or venues, which can significantly reduce costs.
- Negotiate with vendors or explore DIY options for decorations and favors.
4. Celebrating anniversaries
Anniversaries provide an opportunity to celebrate your relationship’s milestones, but they don’t have to break the bank. On average, couples spend $150-$300 on anniversary celebrations, including gifts and dining.
Ways to Save:
- Focus on meaningful gestures like handwritten letters or creating a memory book.
- Plan a staycation or revisit a favorite local spot instead of splurging on an extravagant getaway.
- Split costs for gifts or trips using Kasheesh, helping you afford more without maxing out a card.
Using Kasheesh to split expenses
Navigating relationship expenses doesn’t have to be stressful. With Kasheesh, you can split large purchases, like engagement rings and wedding costs, across multiple cards to avoid overloading any single account.
Benefits of splitting payment with Kasheesh:
- Afford more: Split payments across multiple cards to fully utilize your credit cards and maximize rewards, even if one card’s limit isn’t enough to cover the entire purchase.
- Minimize debt: Prefer using debit over credit but don't have enough funds in your checking account? Kasheesh allows you to split the purchase between your debit and credit cards, letting you charge only what you need to your credit cards.
- Manage your credit score: By using Kasheesh to spread out large purchases across multiple cards, you can avoid maxing out a single card and manage your credit score better. Having a card with a very high utilization rate, such as 100%, can hurt your credit score even if your overall utilization is relatively low. Click here to learn more about how credit utilization can affect your credit score.
- Use leftover balances on prepaid gift cards: If you have several prepaid gift cards with small balances, Kasheesh helps you combine them into one for your purchase.
How Relationships Can Save You Money
However, while relationships can come with significant expenses, they can also present opportunities to save money.
Here are some ways couples can reduce financial burdens together:
- Sharing living expenses: Moving in together allows couples to split costs like rent, utilities, and groceries, which can significantly lower individual expenses.
- Carpooling and transportation: Sharing a vehicle or commuting together can save on gas, maintenance, and insurance costs.
- Bulk shopping: Buying household necessities in bulk becomes more practical for two people, reducing overall spending.
- Leveraging combined discounts: Many memberships and subscriptions offer discounts for couples or household plans, from gym memberships to streaming services.
- Collaborative financial goals: Pooling resources can make it easier to save for large expenses like vacations or down payments, reducing the financial strain on each partner.
By working together and sharing costs, couples can build a financially efficient lifestyle that benefits both partners.
The Bottom Line
Relationships are an investment of time, energy, and yes, money. By understanding the costs and planning wisely, you can focus on what truly matters: building a strong, lasting connection.
Whether you’re planning a romantic first date or saving for your dream wedding, tools like Kasheesh can help you split large expenses and enjoy every moment without financial stress. Because in the end, love is priceless—but smart budgeting makes it all the sweeter.
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Kasheesh is in no way affiliated with any company referenced in this material. All product names, logos, and brands are the property of their respective owners. All company, product, and service marks used in this website are for identification purposes only. Use of these names, logos, and brands does not imply endorsement. The information in this blog post is accurate as of date of publication (3/31/2025) and is subject to change. We do our best to keep our content updated, but we encourage readers to verify any critical details independently, as merchants’ policies and payment options may change over time.
The content on this blog is for general information purposes only, and is not intended to be personal financial advice. It does not take your individual circumstances and financial situation into account, and any reliance you place on the information is at your own risk.
