<< Most Recent Articles

Cost of looking for love revealed

New research has unveiled the true cost of living the single life in the UK.

According to a survey by MoneyExpert.com, the average British singleton spends £88 each month out on the town in search of love, meaning many people are spending over £1,000 a year looking for their perfect partner.

The financial comparison site also found that men spend almost £30 more than women on dates each month, proving that chivalry is not dead, while London is named the most expensive place for romantic encounters, with people in the capital spending a monthly average of £108.30 on dates.

Sean Gardner, chief executive of MoneyExpert, said: "The modern singleton must be prepared to fork out hundreds of pounds to find love as people get ever more extravagant in their expectations – and their spending."

"But when love is in the air it's understandably difficult to keep track of costs," he added.

The findings suggest that love-struck singletons may need to use personal loans to supplement their income when the financial demands of the dating game begin to take their toll.

Earlier this week, a survey by Abbey Current Accounts revealed that the UK's parents will spend an average of £741 on entertaining their children this summer.

See how much you could save with a Lombard Direct personal loan.

12/07/2007 17:15:24

Most Recent Articles