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Expenses of online dating

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A recent study by showed that American singles spend about a month on dating.Of course the amount spent on dating depends on the city in which you live.PAUL OYER: Well, in everyday life, we’re always going around making decisions and some of those decisions are very costly.So when I go to the grocery store, if I spend a lot of time scanning the shelves, I could be doing other things.Indeed, for online purveyors of love, business is booming.While people used to meet mostly through friends, says Reuben J.And so when we think about a place where investing and getting what you really want is particularly valuable, it seems like the market for a life partner is hard to beat.

After you've burned an hour on a please-make-it-stop blind date, your reality was probably a little less happily-ever-after.

Then tack on what you spend on dinner, drinks, or getting well-groomed — not to mention go-the-extra-mile services like dating consultants — and you've likely dipped deeply into your budget.

"It's important to keep in mind that dating expenses are discretionary line items in your budget, as opposed to necessary costs such as food, rent, or paying down debt," says Jennifer Faherty, a money coach and CFP®.

"Even if finding your soul mate ranks high on your list of priorities, be mindful to still cover your essential expenses." But once those are covered, "how you choose to allocate the money within that category is really up to you," she says.

"As long as it fits into your larger budget, there are no strict rules." Knowing that every dating budget might look different, we asked three active daters, and one who's now in a relationship, to give us a snapshot of what they're willing to spend — or not — in the pursuit of finding The One.