Don't Let This 1 Holiday Bust Your Budget

If you have a special someone in your life, you may, at this point, be gearing up to spend a small fortune in conjunction with a certain Feb. 14 holiday. Valentine's Day may be a nice tradition, but it can also be a huge budget-buster if money is tight. Throw in pressure from the media -- and social media -- to exceed expectations, and you're looking at racking up serious debt in an effort to give your loved one a day to remember. And that, frankly, is a good way to hurt your finances for no good reason.

The average consumer celebrating Valentine's Day anticipates spending $196.31 this year, up 21% from the previous year, reports the National Retail Federation. All told, U.S. spending is expected to total $27.4 billion.

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Source Fool.com