Here's how much Americans plan to spend on Valentine's Day gifts

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Here's how much Americans plan to spend on Valentine's Day gifts
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Here's how much Americans plan to spend on Valentine's Day gifts. (via CNBCMakeIt)

Despite the fact that Americans plan to pay around $142 to spoil their significant other, they also think their partner will spend just $119 in return. Still, one in 10 survey participants say they've gone into debt in order to afford a romantic Valentine's Day.

To make sure you don't go over budget this year, talk to your partner about what you both can realistically afford. By agreeing on a set amount that works for both of you, neither of you should feel guilty about spending more or less than the other.. That's why you should "consider being honest with your beloved about your financial limitations and find a way to celebrate this romantic day in a way that works best for you, your date and your bank account.

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