- Fun Cheap Date Ideas for Teens – Teenage Dates Ideas For Summer and Winter
- The 48 Best Cheap Date Ideas for Couples on a Budget 2020
- Love doesn’t have to cost a thing: 16 cheap date ideas for your next date
- 1) Take a bike ride in the park.
- 2) Head to the local pool.
- 4) Thrift store adventures.
- 5) Give your time to someone else.
- 6) Stroll the museum.
- 8) Play ball!
- 9) Hit up the arcade at the mall.
- 10) Karaoke anyone?
- 11) Go star gazing.
- 12) Take a wine tour.
- 13) Go to a book reading.
- 14) Carnival rides are calling your name.
- 15) Work it out.
- 16) Go apple picking.
- 31 Free Date Ideas You’ll Actually Want to Try
- 1. Go On a Hike
- 2. Explore a Neighborhood
- 3. Find A Free Concert
- 4. Eat Samples At a Food Market
- 5. Try Geocaching
- 6. Plan a Game Night
- 7. Spend a Night At The Museum
- 8. Make It a Beach Day
- 9. Go Roller Skating
- 10. Build a Slip ‘N Slide
- 11. Volunteer Together
- 12. Have a Movie Marathon
- 13. Go to Expensive Open Houses
- 14. Go Camping in Your Backyard
- 15. Play a Messy Game of Twister
- 16. Find a Movie Screening in the Park
- 17. Shoot some hoops
- 18. Download a Karaoke App
- 19. Host an At-Home Poker Night
- 20. Test Drive Your Dream Car
- 21. Go On a Free Brewery Tour
- 22. Go to a Trivia Night at a Bar
- 23. Play Truth or Dare
- 24. Share Embarrassing Photos
- 25. Play Old-School Video Games
- 26. Have an Instagram Date
- 27. Go on a Scenic Landmark Crawl
- 28. Go For a Swim
- 29. Wander Art Galleries
- 30. Give Each Other Massages
- 31. Go to an author reading
- 20 Date Ideas for or Less
- 1. Read for Personal Development
- 2. Establish Multiple Sources of Income
- 3. Live on a Stipulated Monthly Budget
- 4. Manage and Maximize Money
- 5. Avoid Debt
- 6. Set Daily Goals
- 7. Don’t Act Rich
- 8. Own or Buy Businesses
- 9. Avoid Get-Rick-Quick Scheme
- Bonus: How to Develop the Millionaire Success Habits?
- Establish Your Life Vision
- Make Your Passion a Profession
- Focus on Solution
- Develop Your Leadership Skills
- Be Growth-Focused
- Flip Your Thought Pattern From Acting To Being
- More Success Habits
Fun Cheap Date Ideas for Teens – Teenage Dates Ideas For Summer and Winter
Coming up with the perfect date can be hard, especially when you're strapped for cash. It may feel you need to spend a lot of money to have fun and impress your date, but that's def not the case.
If you're willing to think outside of the box, there are a ton of cheap date ideas for teens that won't break the bank.
Whether it's summer or winter, chances are your town has a bunch of free or inexpensive events that you can enjoy with your bae and if you're not feeling heading out, there's a lot you can do at home, too.
Making s'mores while binge-watching that new Netflix show people can't stop talking about is my idea of a good time and probably your crush's, too. If you need a little help planning the perfect meet-up and don't want to go broke doing it, then pick your next date from this list of the best cheap date ideas for teens.
Plan an Ice Cream Date
Dessert is never a bad idea. Go out and grab some ice cream together. It's way cheaper than opting for a dinner date, but just as satisfying.
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Find a DIY Tutorial to Try
Whether it's step-by-step instructions for a painting or how to create your own key chain, find a project on you both enjoy and flex your arts & crafts skills with each other.
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Go to a Food Festival
Food festivals are the best. You can pick up a ton of little bites for relatively cheap prices and they happen year-round. Research if there's any food events in your area and go ahead and plan your next date.
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Play a Sport
Head outside and see if you can get a two-person game going. Some sports that might work are frisbee, volleyball or one some one-on-one basketball.
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Spend a cozy night by the fire or over a stove making some chocolatey treats. The ingredient list is pretty simple so don't worry about being strapped for cash.
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Not only is fruit-picking fun, but it also provides the perfect backdrop for cute selfies. Plus, you can use all the fruit you gather as an excuse to meet up again and bake something.
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Go See a Play
You don't have to make it to broadway to see some live action. Just get some tickets to a local production. They're typically inexpensive so you don't have to worry about breaking the bank.
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If you're not afraid to get silly, prepare a list of you and bae's favorite songs and set up a microphone. You can turn it into a group date by inviting some of your other friends over.
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Play in the Snow
If it's wintertime, bundle up and go outside for some fun in the snow! Have a snowball fight or go sledding. Who doesn't love a snow day?
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Go Ice Skating
See if your town has a local ice skating rink open in the winter. You can usually rent skates for pretty cheap and then they let you hop on the ice for free. Plus, if you're scared of falling, just hold on to bae a little tighter!
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Make a Time Capsule
Freeze your relationship in the moment with a time capsule! It will be super fun to go through pictures and memories when you're making it, and even more fun when you open it up in the future!
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It sounds super cheesy, but bowling is a classic date for a reason. It's not too expensive, you can show off your competitive side, and then you can celebrate a win with some fries and chicken fingers. Yum!
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Get down and dirty and go fishing at a local river. Plus, you can try to cook your catch for dinner, if you're really feeling ambitious.
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Have a Two Person Bookclub
Do you both love to read? Read the same book and then get together and discuss it. Grab some snacks and meet at a coffee shop or in the park and make a date it! It's so much more fun reading a book when you can bond with bae at the same time!
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Taking a canoe on the water is actually super relaxing. Plus, you'll be able to enjoy the wilderness while getting to know bae better.
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Get some great deals and have some fun trying on vintage clothes with your date! Either check out local thrift stores, or hit up a fair in the neighborhood. Your guaranteed a day of fun.
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Grab some paints and get creative! Even if you're not artistic, you'll have so much fun painting together.
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Go to an Animal Shelter
Play with puppies for free! Seriously, have you ever heard of a better date?
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Do a Puzzle
It sounds super cheesy, but puzzles are actually super fun and they're a great bonding activity! Get to know each other better as you solve the puzzle.
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Go to a Museum
Take in some culture at your local museum. Many museums are pay as you wish, so they just expect a small donation, and others will let students in for free!
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Go to an Arcade
Have some fun at an arcade with bae! Play video games and foosball all night long.
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Have an At Home Spa Day
Grab some cucumbers and your favorite face mask and relax with your S.O. There's nothing some face mask selfies to really solidify a relationship.
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Go to the Carnival
Have some fun at the carnival with your date! Share a funnel cake, or jump on the ferris wheel. There's nothing more romantic than kissing at the top!
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Go Mini Golfing
Another cheesy one, but you'll have so much fun with your date playing mini gold on a nice night.
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Do a Photo Scavenger Hunt
Come up with a list of photo subjects, :
– Snap a pic of something that inspires you- Take a picture of an animal- Capture a color you really love- Take a food photo
Then, set out with your date and try to snap as many pics as possible off the list. At the end of the date, sit down at a cafe and go through your photos.
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Go Indoor Rock Climbing
Do you and your date want to do something physical but the weather is less than ideal? Then move indoors for an awesome rock climbing session.
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Seed Bomb a Special Spot
Do you both love nature? Well, claim your own special piece of soil and seed bomb it. Just grab some seeds from a local plant or hardware store. Then, pick a special spot (maybe it's along a hike you've taken) and plant some seeds there. Then, you can have future dates to check up the seedlings and watch them grow.
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Pick a nearby town or city and go explore. Window-shopping doesn't cost a cent and you're bound to stumble across cool local gems.
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Grab Bubble Tea
It's a yummy twist on your classic coffee date.
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If your bae has a skateboard (or rollerblades, or even a pogo stick) lying around, you won't be bored. It doesn't matter if you've ever skated before — learning from each other can be half the fun.
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The 48 Best Cheap Date Ideas for Couples on a Budget 2020
Make a Bonfire
Pretend one of you knows what you're doing and grab some wood and matches to light up a bonfire on the beach. It's perfect for cooler nights when it's not totally freezing outside.
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Visit a Museum
While certain museums have steep ticket prices, many hold free or discounted days or hours during weekdays so you can get cultured on a budget.
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S.O. with a heart of gold? Find a local charity, a soup kitchen or a pet shelter, and volunteer for the day. Studies say that acts of generosity increase well-being and happiness, and couldn't we all use some more of that?
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Go Antiquing or Thrifting Together
You never know when you'll find your next one-of-a-kind furniture piece, so spend a few hours perusing a dedicated antiques mart or thrift store. There's a good chance you'll find some kooky clothing options there too.
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Take A Ferry Ride
Relocate your date to the nearest ferry if you want a change of scenery. Aim for an unexplored area for a longer day trip, or try a short round-trip ride for a first date where you're still—literally and figuratively—testing the waters.
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Go Window Shopping
Without having to spend a penny, walk around and check out the pretty window designs of local stores. For the S.O. who hates shopping, the activity will be the walk and conversation while you ogle the storefronts.
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Relax in a Jacuzzi
Want to relax, but don't have a pool/the weather's not cooperating? Opt for this luxurious version—whether it's accessing a local facility for a couple hours or going somewhere a bit more the way if it's cheaper.
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Learn Something New
There may be free courses and classes available locally, or if not, see if you can find something online. This offers a fun way to be together and expand your mind—from learning to play a musical instrument to watching a cool motivational speaker.
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Visit a Pop-Up
Some of the most fun and experimental stuff is available at pop-ups. Whether the owner's just starting out or testing the market for a new type of food/drink/item, these “here today, gone tomorrow” mobile stores are often inexpensive. Either way, it's a fun-filled experience seeing what's out there.
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Look for a Spectacular View
You don't have to go to Paris to grab a fabulous photo op. Whether it's going to a roof deck or observation tower, or even heading your area to look at the skyline, go your way to see things from a new perspective.
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Paint and sip bars are a fun experience, but they can sometimes get pricey and you don't always have control over what you make. So recreate something similar at home, whether it's a fun DIY project you guys have been thinking about, to buying a brush and a small palette to make something for the wall.
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Ride a Train or Trolley
We're always so busy running around that it can be fun to take a leisurely mode of transportation to nowhere in particular. Sightsee on the cheap, head to a new place, or just sit and snuggle while you let you mind wander.
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Find Your New Happy Place
Love picnicking? Go exploring for a new perfect spot. Enjoy grabbing coffee together? Try a just-opened cafe. The vibe might be new, but the activity has all the fun memories and shared experiences you need. Plus, you just might find a new favorite spot.
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Visit the Library
Granted, not every library sports the spectacular views this one in New York, but it's a totally fun (and underrated) place to go. Listen to a local speaker or take a class! Participate in a book club or group reading! You know, borrow a book or movie! You'll find stuff to do, promise—especially if the library is connected to a school or university.
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Whether indoor or outdoor, playing paintball with friends, strangers, or just the two of you can be a fun, enjoyably messy activity—especially if you're both competitive. Check out local offerings, which can be as low as $10-30 if you bring your own paint. Just, you know, go easy on the loser!
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Write Out Your Goals
Is there somewhere you'd to go? Some milestone you want to achieve together? Or, if the relationship is new, share what you both want to get this year and offer support for each other's hopes and dreams.
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Make an At-Home Spa
Recreate your own spa experience by drawing a bubble bath, lighting a few candles, and throwing in a soothing massage. Bonus points if you can get your partner to put on a face mask.
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Hit the Bases
Head to the stands to cheer on your favorite team and devour some hot dogs.
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For an awesome time at an arcade, all you need are some quarters. Make things more interesting by betting a drink on the person who can win the most prizes.
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Karaoke is a guaranteed fun night, even if you can't hold a note to save your life. Stick to duets 03 Bonnie and Clyde and What's My Name? for a great time.
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When's the last time you actually put your phone down and looked up? Grab a blanket and try to find your favorite constellations. If you need some guidance, you can download apps Star Tracker.
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Enjoy a Brewery or Winery Tour
Most local brewery or winery tours are free, and you'll leave with knowledge you can impress your friends with—and you'll get some free sips of booze, obviously.
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Spend an afternoon sharing your talents and hobbies. You can demonstrate your musical chops by giving your date a guitar lesson while they show you how to throw a free-throw. Or vice versa.
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Attend a Reading
Find a poetry reading, or performances of works by a specific writer, by searching local book readings.
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Yes, the shoes are disgusting, but you'll have a great time and a little friendly competition never hurts.
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Spend Time on the Water
Test your sense of adventure by renting a kayak, canoe, or paddle boat at a local lake or beach. Rentals should be around $20, and you'll definitely get a good 'gram.
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Find a Carnival
Two words: cotton candy. If there's a carnival in town, bring your date for a few rides on the Ferris wheel.
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Find a Cookie or Chocolate Factory Tour
Go on a cookie or chocolate factory tour together to solely pay attention to the free samples.
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Have a Wine and Cheese Night
Take a moment to decompress by grabbing a bottle (or two) of wine and snacks for a cozy night in.
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Working on your #fitnessgoals? Do some research to find classes with great first-timer rates, or “consider joining” a gym by trying out their facilities.
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Love doesn’t have to cost a thing: 16 cheap date ideas for your next date
While it might seem romantic to drop a big pile of cash on a fancy dinner and get bottle service at a club, your pocketbook might not agree.
Instead of wowing your date with money, consider doing something a little more personal and affordable.
You won’t win hearts with cash anyway, so save it for a rainy day. Here are 16 affordable date night ideas that you can use now and in the future.
This list is also great for couples who have kids and don’t have a lot of money to throw at a date night. You don’t need a lot of money to have fun and we’ll show you how it’s done!
1) Take a bike ride in the park.
Some parks offer free or low-cost bike rentals. You can hop on a tandem bike and explore your local parks and trails.
It might take a bit to get used to riding tandem, but that just adds to the fun of the experience.
2) Head to the local pool.
Check the calendar at the pool for free or cheap nights. There are usually adult-only swims at public pools throughout the year and you can plan to leave the kiddos home for this outing.
Even if you don’t have anywhere in particular to go, a boat ride is still a boat ride.
Walk on for even more fun and then grab an ice cream cone on the other side of your ocean adventure.
4) Thrift store adventures.
Make your way to a local antique or thrift shop and see what you can find that strikes your fancy.
The best part – you don’t even have to buy anything! Just take in the fun experience together.
5) Give your time to someone else.
Why not volunteer together at a local animal shelter or join a group cleaning up the park? It’s a great way to get in your steps, get some sunshine, and maybe even get a kiss or two from the locals — animals, that is.
6) Stroll the museum.
You don’t need to get on a plane and visit the Louvre to appreciate good art.
Lots of local museums offer fine art and provide a great opportunity to learn a thing or two about your region.
Who says you have to leave the house to have a good time? You can pop on a movie and curl up on the couch with some microwave popcorn any night of the week.
As long as you are spending time together, who cares what you are doing!
8) Play ball!
Literally. You can play baseball, or if that is not your thing, head to a local park and watch a game.
Whether they are little leaguers are major league players, there’s just something fun about being at a ball field so grab a hot dog and split a beer and enjoy.
9) Hit up the arcade at the mall.
Sure, you might be surrounded by kids and annoying teenagers, but you can still have a few laughs and save your tokens for that awesome water pistol you’ve got your eyes on.
10) Karaoke anyone?
At first you might be intimidated to try singing in front of your date, but just have fun with it. The key word is “try” – no one said you had to be any good at it.
Drum up a duet song so you don’t have to go it alone and you’ll be much happier in the end.
11) Go star gazing.
When was the last time you looked up at the stars? Pack a lunch and head to the park to take in the best views of the stars.
It’s best to be away from bright lights to see stars and don’t forget to pack some cookies or cakes for dessert.
12) Take a wine tour.
Or if you are a beer person, take in a brewery tour. It’s about more than the beer – or wine.
You’ll learn all kinds of things about the region and find out about different styles of brewing and more.
13) Go to a book reading.
Small town book readings are super fun and intimate. Whether you know the author or not, it’s fun to have people read to you so grab your cup of coffee and head to the local bookstore to hear from a published author.
14) Carnival rides are calling your name.
Big, established theme parks are quite expensive, but local carnivals are usually quite affordable.
Even if you have to drive to the next town over to visit one, it’s still going to be cheaper than hitting up a major theme park and you might have just as much fun as you would in more expensive places.
15) Work it out.
If either of you are at all into fitness, take in a workout together. The competition factor will kick in and you’ll have a great time and get your cardio in.
16) Go apple picking.
Rather than spend money, make money picking fruit at a local u-pick. This is obviously a seasonal activity, but if you live in an area that offers pick-your-own fruit locations, give it a whirl.
You can even take home some of the fruit you pick for free or a heavily discounted price.
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31 Free Date Ideas You’ll Actually Want to Try
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Dating can be a lot of things: exciting, fun, nerve-wracking… and also pretty expensive. Everyone can appreciate a cheap date—and if a date is free, well, that’s even better. But coming up with inexpensive date ideas that aren’t super lame can be rough.
That’s why we did the work for you. From hiking to hosting an at-home movie marathons, great dates don’t have to cost a fortune—or anything at all.
Here, our 30 top free date ideas that are actually pretty cool.
1. Go On a Hike
Head to the closest trail and go on a hiking date. If you and your date happen to be morning people, make it a sunrise hike—you’ll get some killer Instagram shots.
2. Explore a Neighborhood
Be a tourist in your own city! Take the subway or bus, get off at a random stop you are unfamiliar with, and explore. It’ll feel great to spend a day with no inhibitions and hey, the date practically plans itself!
3. Find A Free Concert
No matter where you live, there’s usually a good, free summer concert going on. Plan a date around it, and soak in both the music and the summer rays.
4. Eat Samples At a Food Market
Feeling hungry but don’t want to splurge on a restaurant date? Head over to a local food market or food festival with your date and snack on some delicious samples.
5. Try Geocaching
This modern-day real-world treasure hunt is the perfect adventure. Visit geocaching.com to begin your active escapade. Who knows what you’ll find!
6. Plan a Game Night
This is the perfect group date activity. Split up into teams and let the dice (and the good times) roll. A little tip to make it extra fun and a little saucy? Cards Against Humanity is always a hit!
7. Spend a Night At The Museum
Look online for times that local museums offer free admission (it’s usually in the evening) and roam around with that special someone.
8. Make It a Beach Day
Take a dip, make a sandcastle, play a game of beach volleyball, or just totally chill out together while soaking up some sun this summer.
9. Go Roller Skating
Strap on some roller skates and roll around town or a nearby park with your date. In the winter you can swap out the roller skates and go ice skating at a park rink.
10. Build a Slip ‘N Slide
Set up a Slip ‘N Slide in your backyard. Not only is this silly date a sure-fire hit, but it’s refreshing way for the two of you to cool off in the summer heat.
11. Volunteer Together
Whether you want to play with the puppies at an animal shelter or help out at a soup kitchen, volunteering with your date is not only super fulfilling, but you’ll make some awesome memories in the process.
12. Have a Movie Marathon
Pop some popcorn, cuddle up together on the couch, and start up a movie marathon, a.k.a. Netflix and chill. Take turns watching picking what to watch.
13. Go to Expensive Open Houses
Toss on a cocktail dress, grab a tie, and become whoever you’d to be for the day! Check local listings of open houses and take a look around a dream home that you and your date could never afford. Tip: Walk in you own the place (just don’t get carried away and try to actually own the place).
14. Go Camping in Your Backyard
Pitch a tent in the backyard for the night. Make a bonfire, roast a marshmallow (or two, or three) and end off the evening with some stargazing—there’s nothing more romantic than that!
15. Play a Messy Game of Twister
Take it to the backyard and play game of messy Twister. The same rules apply, but put coordinated paint colors on the Twister circles and let the games begin!
16. Find a Movie Screening in the Park
This is the classic dinner and a movie date with a (free) twist! Instead of heading out to a pricey restaurant, plan a picnic followed by a free movie screening in the park. It will be way more romantic than a stuffy movie theater, anyway.
17. Shoot some hoops
There’s nothing better than letting your competitive spirit out now and then, so head to the local basketball court and challenge that special someone to a one-on-one showdown.
18. Download a Karaoke App
Whether you sound Beyoncé or William Hung from “American Idol,” karaoke is always a great way to loosen up and have some fun! A no-cost way to do it: Troll the app store for free apps you can download and sing along to.
19. Host an At-Home Poker Night
Can you keep a poker face? Find out by playing a game of poker with your date, waging with anything other than money.
20. Test Drive Your Dream Car
Rev up the car and the relationship by getting behind the wheel and test driving your dream car with your date.
21. Go On a Free Brewery Tour
Many brewery tours are free, so take advantage of this when planning a date. If beer isn’t your thing many wineries offer free tours as well.
22. Go to a Trivia Night at a Bar
There’s nothing more attractive than intelligence! Channel your inner nerd and impress your date at a local trivia night. Hopefully they’ll impress you too!
23. Play Truth or Dare
Revisit the infamous childhood game of Truth or Dare by walking around town taking turns asking each other the age-old question. You’ll learn tons about each other and have a total blast!
24. Share Embarrassing Photos
Headgear, frizzy hair, and some freaky looking sweaters? Check! Collect some old photos, be it baby photos or high school grad pics, and share them with your date. Not only will it provide some good laughs but it will keep the conversation flowing.
25. Play Old-School Video Games
Dust off the old controllers and turn on that Nintendo 64! Be Mario, Princess Peach, or Toad for the night and have an old school face-off playing Mario Kart, Mario Party and all of the classics.
26. Have an Instagram Date
Juice up your phones and head out and about on any one of these 30 dates, and then see where the day takes you what you see that’s most ‘grammable. You might find yourselves drawn to a park you never noticed before, or a gritty part of the city where the graffiti is super-photogenic. Take tons of selfies so that you have your own Instagram trail of the date.
27. Go on a Scenic Landmark Crawl
Be a tourist in your own city, but only hit up landmarks that don’t charge an entrance fee, statues, museums, or other places that you’d go if you were only in town for a day.
28. Go For a Swim
If it’s summertime, hit up a public pool, lake, or ocean and sunbathe and swim with your S.O.
29. Wander Art Galleries
Check out local and up-and-coming artists on display at galleries in your area. You’re not there to shop, but you might spot your new favorite talent. Also, if you go at the right time, some galleries will offer snacks or free drinks to people wandering in and out, so Google first to see if there’s a good time to go.
30. Give Each Other Massages
Light some candles, break out the lotion or oil, and give each other a nice long back-rub. You’ll both get a chance to unwind (while knowing that you’re not on the clock and paying for every minute of enjoyment), plus, who knows where it will lead.
31. Go to an author reading
Bookstores and libraries regularly host author readings and they’re almost always free. It’s a fun way spend and afternoon and be on the pulse of the literary community. Plus, it’ll ly give you something to talk about later.
A version of this article was originally published in September 2016.
20 Date Ideas for $20 or Less
Last Updated on March 11, 2020
As technology evolves and information becomes more accessible, it has also become more challenging to define success. A lot of people are trapped in the rat race while trying to discover the actual formula for success.
You could become overwhelmed with what tools, techniques or philosophies to imbibe while trying to get tips over the internet. At every click and turn, there are ‘how-tos and quick-fix’ on how to become successful overnight. You will find several courses, articles, videos and books on how to achieve financial success.
But what if I tell you it doesn’t have to be complicated as people made it out to be? What if you could achieve success by merely following these 9 millionaire success habits?
1. Read for Personal Development
A daily habit I have discovered millionaire share in common is reading. For instance, if you are an entrepreneur, you need to read to become an efficient leader and a productive business owner. Reading helps you to grow and learn without going to a business school.
A research conducted by Thomas Crowley indicates about 85% of self-made millionaires read at least two or more books each month. Warren Buffett is one of these examples. He spends 80% of his day reading. In the early days of his investment career, he would read 600 to 1000 pages in a single day.
While millionaires sometimes read for pleasure, they also learn to improve themselves. They read topics on leadership, how-tos, self-help, biographies, lifehacks and also follow current events.
Here’re some recommendations for you: 25 Best Self Improvement Books to Read No Matter How Old You Are
2. Establish Multiple Sources of Income
Another success habit I noticed about success is that they don’t depend on a single income source. Every millionaire possesses multiple sources of income. This helps them to manage economic challenges and also make more money.
They are passive income addicts. They earn interests from loans, rental income from real estate, royalties from intellectual properties, dividends from investments. They also launch a side business or run a website or sell information products.
How income is made either passively or actively is what separates the successful from the wannabes. They are always learning ways to build multiple streams of income.
3. Live on a Stipulated Monthly Budget
An average millionaire does not believe in luck and jackpot. They take the time to understand cashflow-income and expenses. this, they establish a monthly budget and religiously stick to it.
The essence of the budget is to minimize unnecessary expenses. This will help you gain complete control of your financial life. Budgeting helps you to avoid overspending to achieve your financial goals. Here’re some tips to help you stuck to your budget: 32 Hacks for Sticking to Your Budget
4. Manage and Maximize Money
The most significant education for a millionaire is financial intelligence. Nobody attains financial freedom without gaining financial intelligence. This is the more reason millionaire regardless of their income update their knowledge about tax strategies.
They always seek to reduce their tax bills. One approach they employ is by living or incorporating their business in states with no income tax.
Do you know that about 60 companies paid $0 legally in the 2018 tax year? Some of these companies that ‘avoided'(note: not evaded) federal income tax include Chevron, Amazon, Halliburton, General Motors, Delta. The total income. Their total US income was totaled at $79 billion with an effective tax rate of -5%.
What’s the deal? They got a tax refund. How do they accomplish these?
An ITEP report indicated that they have the culture of throwing huge sums at tax experts who assist them in discovering creative, as well as convoluted means of paying little tax as much as possible.
5. Avoid Debt
Another habit that separates the millionaires from the rest of the world is how they manage debt.
They don’t live an extravagant lifestyle and only buy what they need and can pay for. They do not book hotels and flights by using their credit cards to pay for them.
They are conscious of the interest rates even when they use credits cards or take loans. They use those facilities for their advantage or pay with cash because of its zero percent interest rate.
6. Set Daily Goals
It does not matter if they are setting business, career, or financial projections; they have the success habit of setting short term goals. They plan daily and weekly to generate momentum in achieving their long-term goals.
Ensure you prioritize when setting daily goals. This will help you to achieve the most important to-dos on your list.
Setting priorities will help you to focus on highly rewarding activities. If you desire financial freedom, it is wise to pursue activities that earn you thousands of dollars than hundreds of dollars.
7. Don’t Act Rich
The goal is not to act rich but to be productive. Interestingly, Thomas Stanley buttressed this in his book that the most prestige brands of cars, about 86% percent are toys of the non-millionaires. People with huge fortunes tend to drive exotic cars but in reality, the largest consumers of pricey cars are aspirational.
According to findings by Experian Automotive Researchers, 61% of individuals who earn $250,000 or more rarely buy luxury brands. Instead, they buy Hondas, Toyotas, and Fords the rest of the world. The reason is they are not ready to spend money on premium cars that tend to drop in value in a couple of years as it would cost money. Millionaires invest in assets that appreciate.
8. Own or Buy Businesses
In Robert Kiyosaki’s cashflow quadrant, he divided how you earn income into four quadrants. The E and the S quadrants take the left position while the B and the I are on the right side. According to Robert, it is possible to be on all quadrants, but the millionaires are not.
- E stands for employee – they work for others
- S stands for self-employed – they work for themselves
- B stands for a Business owner- employees work for them (500 or more employees)
- I stand for Investors – Money work for them Warren Buffet.
Your goal is to move from the left quadrant to the right quadrants where you own big businesses or make money work for you.
It is possible to become financially successful by pursuing what you love. For instance, if you love writing, aspire to be the best seller. Wealth and passion work together.
Check out How to Start a Small Business with Little to No Money for tips.
9. Avoid Get-Rick-Quick Scheme
A millionaire holds patience as an essential virtue. It takes patience to become successful, not only in finance but in every aspect of life. While it is possible to become financially successful at an early age, most millionaires hit it at age 50. They live a moderate life, invest in their future and retire rich.
Bonus: How to Develop the Millionaire Success Habits?
Having learned these habits, the next question is,
How can I develop the Millionaire Success habits?
Here are six values you will need to develop:
Establish Your Life Vision
You need to be clear about what you want in life to set yourself for a life of success. Your vision has to go beyond becoming a millionaire to understanding why you want to become one. Any great entrepreneur you will ever find has a clear vision and an established mission.
Understanding why you are doing what you do will drive you to become the kind of successful person you want to be.
Make Your Passion a Profession
When your passion becomes your profession, work becomes pleasurable. Loving what you do enables money to flow to you and through you.
So what’s going to be? Wake up every morning by speaking positive words into your work, love what you do, and focus on the work that brings you joy.
Take a look at this article and learn how to make it happen: 5 Steps To Turn Your Passion Into A Career
Focus on Solution
Focusing on the solution means establishing the problem that you or your business address. This will help you focus on the solutions when others are faced with challenges.
A millionaire has a mindset that is fixed on the solution. He or she knows there’s a way out, and that every problem is an opportunity in disguise.
Improve your problem solving skills with these tips: 6 Effective Ways to Enhance Your Problem Solving Skills
Develop Your Leadership Skills
Leadership skills are an asset that is indispensable if you want to develop a millionaire success habit. The more you hone your leadership skills, the more you will attract leaders who share your values.
Millionaire entrepreneurs prioritize self-improvement. Here’s how to achieve it:
- Get a coach. Coaching will impact your life, and you will achieve peak performance in life and business when you have a life coach.
- Be coachable. It is not enough to have a coach; you must be coachable. Sometimes, you need feedback and counsel to reposition your life and business. A coach has the wisdom and experience to counsel you from a higher perspective. The more you receive feedback and work on yourself, the more you become better at what you do and who you are.
Flip Your Thought Pattern From Acting To Being
It is not enough to have a millionaire success habit, you must also become a person of positive influence. This is how you can become significant. Bill Gates is not only rich; he is changing lives in Africa and different parts of the world.
If you want to become successful, you must first be and think a successful person. This is how resources you need can flow into your life.
Here’s a final thought from me:
It is not enough to do something to have something; success is about being someone who possesses what is needed to take positive and inspired actions.
More Success Habits
Featured photo credit: Austin Distel via unsplash.com