NEW YORK CITY — How does one spend ,000 on dating in a year?
"A few single clients have brought up the subject of dating expenses to Russell Bailyn, a financial planner.
One client made a decisive switch from $200 dinner dates to meeting for coffee. When I was dating I would often do dinner as a first date and it's true that the majority of times that person doesn't turn out to be your wife," said Bailyn.
"I had thought about it, but I never bothered to add it up."New York is an expensive city with an active dating scene, so it makes sense that its residents are doling out tons of cash to find love or a brief stint of companionship.
However, few calculate the true cost of dating or ponder whether they are getting what they want for the money they spend, according to dating experts."Often these guys are shocked when they realize how much they spend on dating and, since they're all single, how poor their return on investment actually is," said Chris Luna, a New York City-dating coach."If someone is making $100,000 a year and they are spending 10 percent on dating, that's insane."In his dating seminars, Luna has his participants, who are mostly male, face what they spend.
Sometimes he pays for his date's cab ride home if she has a long subway ride ahead and then there are the subscriptions for a handful of dating sites.