The modern dating sphere may have paved the way for innovative solutions to finding a romantic partner, but it certainly hasn’t changed the main objective of singles looking to find love. At the end of the day, research indicates that 46 percent of singles are both ready and actively seeking a long-term relationship.

That said, dating is a lot easier in theory than in practice. While you may have a list of physical attributes, lifestyle habits, and core values you desire in a partner, there’s also the subject of factors like finances to consider.

The Modern Dating Sphere

With dating app formulas, algorithms, and social media dominating the spheres of hopeful singles, what exactly has changed, and how is it contributing to the current state of dating habits?

According to one couples therapist, modern dating struggles may have something to do with the fact that the world is generally “less predictable and less secure” compared to the past. If there were strict guidelines, rules, and practices that were once closely observed, the predictable nature of dating has long been removed from our cultural canon.

Not only has this paved the way for hesitancy in dating habits, but it has also influenced the way we think of potential partners even before meeting them. Instead of following strict rules on what to wear and how to behave, a large percentage of people admit that factors like the media have set unrealistic expectations for love.

One major contributor to this is dating apps. With US singles spending an average of 50.9 minutes per day on an online matchmaking service, it’s no wonder that there’s a growing sense of hesitation and doubt that surrounds the practice of finding a romantic partner.

Aside from placing a higher regard on superficial looks, dating apps are also influenced by algorithms that sort already-curated profiles that don’t necessarily reflect the true nature of the user.

Not only that, but the almost-infinite options for a romantic partner can also negatively influence one’s dating habits. Instead of “swiping” on candidates in the hopes of further getting to know them in person, users can simply mindlessly scroll to the next based on superficial judgments alone.

Is Dating a Lost Art?

While it can be a struggle for most singles, dating is not exactly a lost art. US singles may have averaged fewer dates in recent years, but it definitely remains a common practice.

Instead of fewer singles or people actively looking for a romantic partner, however, the decline in dating has more to do with other factors. Aside from poor communication skills and unrealistic expectations, finances can also heavily influence both dating habits and perspectives on potential partners.

Because financial stability remains one of the most attractive qualities for a romantic partner in our society, it’s natural that it can heavily influence one’s “value” in the dating market.  

On top of that, finances can also play a large part in the overall dating habits of singles. Aside from the fact that it can limit the number of dates one can go on, a person’s financial situation can also heavily affect the overall budget or spending habits while on a date with a potential partner.

In fact, one study even indicates that more than 50 percent of Gen Z adults in the US report that they spent no money at all when it came to dating. Alternatively, 25 percent of men and 30 percent of women spent less than $100 as their monthly dating budget.

That said, frugal spending on dating isn’t exactly popular among all US singles. While Gen Z adults seem to be fine with a quick coffee date or simple dinner, some prefer a fancy night out.

For those who have the finances to spare, spending a hefty amount as their dating budget can be their way to impress or show their serious intention to their potential partner. But while it remains effective in theory, it can also have the potential to attract the wrong kind of partner.

Given all of this, it’s no wonder that singles are finding it more complicated than ever to find their significant other. While the supply isn’t exactly low, it’s the process that plays a large part in delaying people from finding “the one”.

Can Low-Cost Courtship Lead to Love?

Whether you’re trying to save up for the future or just don’t see the value in overspending on the first date, it’s not impossible to find love. The road leading to your potential partner may be paved with struggles and dating complications, but it’s highly possible that you’ll reach it sooner rather than later with the right mindset and habits.

After all, one’s love life and financial situation shouldn’t be an “either-or” situation. Instead, the key is to find that balance where you can enjoy your dates without worrying about the status of your bank account the day after.

One expert even recommends following the “5 percent rule” when it comes to first dates. This rule essentially states that you should spend no more than 5 percent of your monthly disposable income on a first date.

Ultimately, your overall dating allowance will depend entirely on your specific financial situation. While it’s not bad to treat a potential partner to an extravagant night out or a fancy trip, it’s more important to stay transparent to both yourself and your partner about your overall financial capability and means.

At the end of the day, keeping your mindset, expectations, and finances in check can all help you reach your romantic pursuits without the added stress or fear of judgment.