Millennials Are Literally Going Into Debt Looking For Love
Inflation is no joke. We’re all paying more for everything from food to utilities, and everything in between. Many of us are readjusting our budgets, and finding ways to cut…
Inflation is no joke. We're all paying more for everything from food to utilities, and everything in between. Many of us are readjusting our budgets, and finding ways to cut back where we can. For millennials, it's gotten worse in a very specific way. According to a new report from a LendingTree survey, millennials are literally going into debt looking for love. As if dating isn't horrible enough as it is.
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For 61% of daters, inflation hasn't impacted their dating lives. But 19% say that they are definitely going on fewer dates.
Some of the other changes daters are making: going on fewer dates, spending less money on dates, being more selective of who they go on dates with, less likely to pay, more likely to pay, and downgrading dating apps to free subscriptions.
Millennials going into more debt from dating
According to this LendingTree survey, most Americans (85%) have gone into debt because of their dating habits. But it's definitely hitting millennials harder with 22% of them saying they have. Gen Z is next with 19%, Gen X - 13%, and 4% of baby boomers have debt from dating.
Why millennials?
Well, according to chief credit analyst Matt Schulz, “Millennials are already in an expensive time of life, and inflation isn’t making that any easier.” “They may already have kids. They may be drowning in student loan debt and probably have a higher rent payment than they did when they were younger. Given what they’re going through, they might not have much savings — or what they have might be earmarked for a down payment on a house.”
So what can you do?
Again, according to Schulz...
- Make a budget. Whether you’re in a committed relationship or dating around, setting aside any leftover cash can help relieve the financial stress of going out on a date. Even a little bit can help in the long run.
- Utilize your available credit card rewards. To save on your next date, Schulz says you should first check if you have any unused rewards from your credit cards. “You may have points to put toward a nice dinner, a concert or even your car ride home,” Schulz says. “The truth is that if you’re not leveraging your current credit card rewards, you’re leaving money on the table, and that’s the last thing anyone should be doing today.”
- If you’re short on points, consider shopping for a new rewards credit card. “The right card, used wisely, can really extend your dating budget,” Schulz says. Beyond the typical rewards offered, Schulz says certain cards can get you access to special events that could make for an amazing date. “Whether it’s presale access for concert tickets or an exclusive dinner cooked by a celebrity chef, there are plenty of unique opportunities out there if you keep your eye out for them,” he says.
Looking for some ways to cut back on your dates? Here's something you can try. Visit some of the most Instagrammable places in Boston and Beyond and see the city.
Many of us have a problem. We don't know how to live life without "doing it for the gram." Yes, it's a problem, BUT it also allows us to get some really kickass pictures if you know where to go.
Boston, with it's 23 neighborhoods, has some of the most iconic views and landmarks. I'm sure you have at least some of them in your phone right now.
If you're going to take pictures for Instagram, there are some tips to help you take IG-worthy photos. Here are some great tips from Back Light Blog.
Step 1. Find an Instagram-worthy subject or scene (I got you below!)
Tip 1. Look for cool street art and murals
Tip 2. Use industrial, historic, or whimsical buildings in your photos
Tip 3. Instagram loves patterns and colors
Step 2. Tweak your iPhone Camera settings
Tip 1. Use natural light, not a flash
Tip 2. Portrait mode is your friend
Tip 3. Don’t use digital zoom
Step 3. Edit and retouch your Instagram photos
Tip 1. Develop a cohesive theme for your Instagram account
Tip 2. Choose a favorite photo editing app and stick with it
Tip 3. Don’t overdo it with filters or photo editing
Check out the Back Light Blog website for more in-depth details on the above.
Here are some of the Most Instagrammable Places in Boston and Beyond.
Terra at Eataly
Acorn Street in Beacon Hill
Acorn Street is rumored to be the most photographed street in Boston for its cobblestone walkway lined with adorable historic brick homes complete with window boxes.
Isabella Stewart Gardner Museum
Fenway Park
The ICA
Cafe Susu
The Greenway
Madison Park High School
Lookout Rooftop Bar
The Lookout Rooftop Bar of the Envoy Hotel is amazing.
Chinatown Gate Boston
Boston Public Garden
Citgo Sign in Fenway
The Lawn on D
Swan Boats - Boston Common
Mapparium at the Mary Baker Eddy Library
Brattle Book Store Downtown Boston
Roxbury Love Mural
Although it's no longer there, I had to include the Roxbury Love mural. It was such a beautiful tribute to Nelson Mandela's trip to Boston in 1990. The mural was done by artists Richard "Deme5" Gomez (above) and Thomas "Kwest" Burns. If you would like to get a print copy of the mural (I got mine!) you can get it HERE.
Sav-Mor Liquors
This one I took in Medford, but they have several locations and the signs are always classic!
Made in Dorchester sign
You can take your picture in front of the Made in Dorchester sign at the South Bay Center in Dorchester.
Boston City Hall Plaza
Brant Point Light in Nantucket
Christian Science Center and reflecting pool
Fun Fact: I had my first kiss with my college boyfriend here. I went to Northeastern.
Simco's on the bridge in Mattapan
If you know, you know.
