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February 08, 2022

Who says money can't buy you love?

As the Beatles once sang, "'Cause I don't care too much for money, money can't buy me love."

Or can it? Or more precisely, does it?

According to a recent study by one of Canada's leading independent financial rate comparison sites, RateSupermarket.ca, there is a cost to love.

In fact, the study has determined there is a hefty price tag attached to love -- $43,842.08 to be exact -- based on a one-year courtship, a one-year engagement and the average wedding costs in Canada.

Whew! That's a lot of cash! But actually it is a lot cheaper than purchasing a high-end car, a house or a vacation property. So maybe it's a good investment...that is, if you're considering finding and keeping your future Mr. or Mrs..

So what does "love" really cost? Well, some of the findings show on average there are at least a dozen fancy dates between couples featuring fine dinners and theatre tickets ($1,920); at least another dozen movie dates with popcorn and snacks ($515.40); and don't forget about the three dozen casual dates with take-out dinners, at-home movies and coffee dates ($515.76).

But, as the relationship progresses, couples are off on weekend getaways -- two of them at least ($852.92); make-up flowers after lovers' spats ($149.85); a new wardrobe for him after she "improves" him ($980.81); and finally a beach vacation that seals the deal in your dating relationship ($2002). That brings the total of a one-year courtship to $6936.74.

Now the clincher...the engagement ring ($3,500); another year of dating outings before the "big day" ($4444.34); and then there's the engagement party ($2000) bringing the total engagement to $9,944.34.

So now we're up to the eventual wedding, including invitations, rings, gown, tuxedo, hall, photographer, music, cake, limousine, honeymoon and everything else that creates that special day and bam! -- you're up to $26,961.

The total cost of love: $43,842.08.

"I'll buy you a diamond ring my friend, if it makes you feel all right. I'll buy you anything my friend if it makes you feel alright."

Ahhhh -- the cost of love!

By Donna Donaldson, MSN Money

Do you think there's a price to "love"?




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