Brits using loans to fund their dates

Loans — March 25, 2008—2:11 pm

British residents, who are actively involved in the courting process, are devoting a sizeable amount of money on pleasing their would-be partners.

According to a recent study by a leading personal savings and investment firm, British males would expect to spend a minimum of £60 on their first official outing with a new partner, whereas women would expect to spend at least £40.

Approximately 75% of males admit to drastically exceeding their proposed budget when taking a female out to dinner, with an additional 25% using loans and other forms of credit to foot the evening’s bill.

Surprisingly, around 25% of all males suggest that they accept and would be happy to overstretch themselves financially, so long as their date was pleased with the evening and that the overall outcome would lead to securing a second meet.

A spokesperson for the firm responsible for compiling the study commented that today’s courting rituals demand a lot more from the host of the date, than just a sparkling personality. Ultimately, making a great first impression will often mean splashing out on fancy restaurants, gifts and above par after meal entertainment.

On the flip side, date hosts (typically men) need to be aware of the financial implications of their date, and to plan accordingly in order to avoid the impractical use of loans and credit to fund their big night.

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