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Online Dating Is More Cost-Effective Than Traditional Ways Of Finding Love

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Online dating is more cost-effective than traditional ways of finding your significant other, according to research by global brokerage company ConvergEx.

The New York-based company calculated that online dating could save someone around $6,400.

Using data from statisticbrain.com, ConvergEx strategists noted that couples who meet online date for a shorter period of time than couples who meet offline.

According to the stats, couples who meet in a traditional way date for approximately 42 months before marriage, whereas couples who met online date for around 18.5 months.

ConvergEx said: “At a conservative estimate of one date per week and a cost of $130 per date — $100 for a meal and drinks at a nice restaurant, plus $30 for two movie tickets and popcorn — the dating phase prior to an offline marriage runs up a $23,660 tab.

“The average dating site customer spends just $239 a year for online memberships, which more than pays for itself to the tune of $12,803 in cost savings from fewer dates.

“Assuming you go Dutch, each party saves a touch over $6,400 in choosing the online route to marital bliss.”

However with singles getting married later, and the argument by some studies that online dating creates a “shopping mentality”, while the relationship of a to-be married couple may well be cheaper, it is probably outweighed by a higher number of pre-marriage dates.

Simon Edmunds

Simon is the former editor of Global Dating Insights. Born in Newcastle, he has an English degree from Queen Mary, London and after working for the NHS, trained as a journalist with the Press Association. Passionate about music, journalism and Newcastle United.

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