When you’re balancing student loan payments, rent and other expenses, you probably can’t afford extravagant dates. Fortunately, there are plenty of cheap dinner date ideas and other fun activities for 20-somethings that won’t break the bank.
The next time you want to go out, try out of one of these 14 cheap date ideas. You can still make a connection while managing your money responsibly.
Fun, cheap date ideas and other low-cost activities to try this year
1. Rent bicycles and explore your surroundings
2. Host a laid-back game night
3. Throw on your athleisure and exercise together
4. Play tourist for the day
5. Ask each other the “36 questions that lead to love”
6. Head to the woods and go hiking
7. Go on a grown-up treasure hunt with the Geocaching app
8. Make your own photo or Snapchat story
9. Watch Netflix and chill (no subtext intended)
10. Browse a flea, food or farmer’s market
11. Gather ingredients for a picnic
12. Look for free hours at a local museum
13. Rent a kayak, canoe or paddleboat
14. Use Groupon for dinner or a show
Take out your bicycles or rent a couple from your city’s bike-sharing program. You can explore your neighborhood or find a pretty bike path. If you pack snacks, you can stop for a picnic along the trip.
Instead of going out for dinner and a movie, bring your date and a few friends together for a game night. Whether the game is Cards Against Humanity, One Night Werewolf, Punderdome or good old-fashioned Clue, you can all have fun without racking up a big bill.
Are you into running? Lifting weights? Yoga? Plan a day of exercising with your date. You could jog outside or take a free yoga class. Lots of gyms give out free day passes to potential new clients.
You probably see the sights when you travel, but have you ever toured your own city? Pretend to be tourists for the day and visit noteworthy spots in your area. You might be surprised what you learn about your surroundings when you look with fresh eyes.
According to Dr. Arthur Aron, couples can ask each other 36 questions to form intimacy and pave the way to love. You’ll develop a strong relationship through “sustained, escalating, reciprocal, personal self-disclosure.” You can find all 36 questions here. This isn’t the best of cheap date ideas for a first date, though, since some people may be scared off by intense personal questioning.
Throw on your hiking boots and plan a day of hiking with your date. You can get to know each other while conquering a physical challenge. If you’re both outdoorsy, then you may enjoy this activity more than sitting through a movie.
Geocaching is a free app that takes you on a treasure hunt around your city. You use GPS to find hidden containers. When you find them, you can sign the log book and exchange trinkets. There are over 3 million geocaches in 191 countries around the world. Just download the app to see if there are any geocaches near you. Then you and your date can start the hunt!
Get creative with your date by curating a photo or Snapchat story of your day. You can be as artsy or silly as you want, and you’ll end up with a fun collection of mementos from your wanderings. (Well, the Snapchats won’t last long, but you get the idea.)
Euphemisms aside, you and your date can binge on that Netflix show you’ve been meaning to watch. Maybe you can even get your hands on a projector to set up a home movie theater experience. Don’t forget the popcorn.
Track down a bustling marketplace, and spend the day combing through antiques or sampling food. You’re bound to find some unique items and conversation starters.
Instead of going out to dinner with your date, plan a picnic. Grab some groceries and a picnic blanket, pick a pretty spot to snack and get to know each other.
Lots of art museums offer free admission during a certain window every week. Look around to see if any local museums offer free entry. You can also look around for any free tours, fairs, festivals or brewery tours going on in your city.
Do you live near a river or lake? Boat rentals tend to be cheap, and you can keep them for the whole day. Getting on the water gets you out of the ordinary without much expense.
Groupon has a discount for everything, from restaurants to pottery painting. It sometimes even offers a date night package.
Why cheap date night ideas are a smart money move
By saving with fun cheap date ideas, you can pay off debt faster and put money away for retirement. Saving for retirement is especially important in your 20s, as your money will grow exponentially over time.
Let’s say you put $100 a month away starting at the age of 25. At a growth rate of 5.7% per year, you’ll have a savings of $16,123 when you’re 35. At 45, your savings will have ballooned to $44,596. Most people will have even more because they’ve been able to increase their monthly contribution over time.
Or, let’s take student loans. If you have $20,000 in student loans at a 5.7% rate, you could pay it off in monthly installments of $219 for 10 years. In total, you’ll end up paying $6,285 in interest.
If you were able to increase your monthly payments to $384, then you could pay the loans in five years and only pay $3,030 in interest. By paying $165 more a month, you can cut the amount you pay in interest in half. Plus, you’ll be free of student loan payments five years early.
By paying attention to your dating budget, you can put your money toward other areas that will have a long-lasting effect on your quality of life.
So on your next date, try these fun activities for 20-year-olds so you can funnel your money in other directions. You’ll take control of your spending while having unforgettable experiences with your date.
Interested in refinancing student loans?Here are the top 9 lenders of 2022!
|Lender||Variable APR||Eligible Degrees|
|2.49% – 11.72%1||Undergrad & Graduate|
|2.50% – 6.30%2||Undergrad & Graduate|
|4.13% – 7.39%3||Undergrad & Graduate|
|2.49% – 7.99%4||Undergrad & Graduate|
|2.49% – 7.99%5||Undergrad & Graduate|
|3.24% – 8.24%6||Undergrad & Graduate|
|2.48% – 7.98%||Undergrad |
|1.74% – 7.99%7||Undergrad & Graduate|
|3.69% – 9.92%8||Undergrad & Graduate|
|Check out the testimonials and our in-depth reviews!
1 Important Disclosures for Splash Financial.
Splash Financial Disclosures
Terms and Conditions apply. Splash reserves the right to modify or discontinue products and benefits at any time without notice. Rates and terms are also subject to change at any time without notice. Offers are subject to credit approval. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet applicable underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates are reserved for the highest qualified borrowers. If approved, your actual rate will be within a range of rates and will depend on a variety of factors, including term of loan, a responsible financial history, income and other factors. Refinancing or consolidating private and federal student loans may not be the right decision for everyone. Federal loans carry special benefits not available for loans made through Splash Financial, for example, public service loan forgiveness and economic hardship programs, fee waivers and rebates on the principal, which may not be accessible to you after you refinance. The rates displayed may include a 0.25% autopay discount.
The information you provide to us is an inquiry to determine whether we or our lenders can make a loan offer that meets your needs. If we or any of our lending partners has an available loan offer for you, you will be invited to submit a loan application to the lender for its review. We do not guarantee that you will receive any loan offers or that your loan application will be approved. Offers are subject to credit approval and are available only to U.S. citizens or permanent residents who meet applicable underwriting requirements. Not all borrowers will receive the lowest rates, which are available to the most qualified borrowers. Participating lenders, rates and terms are subject to change at any time without notice.
To check the rates and terms you qualify for, Splash Financial conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, the lender will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.
Splash Financial and our lending partners reserve the right to modify or discontinue products and benefits at any time without notice. To qualify, a borrower must be a U.S. citizen and meet our lending partner’s underwriting requirements. Lowest rates are reserved for the highest qualified borrowers. This information is current as of September 6, 2022.
2 Important Disclosures for Laurel Road.
Laurel Road Disclosures
All credit products are subject to credit approval.
Laurel Road began originating student loans in 2013 and has since helped thousands of professionals with undergraduate and postgraduate degrees consolidate and refinance more than $9 billion in federal and private school loans. Laurel Road also offers a suite of online graduate school loan products and personal loans that help simplify lending through customized technology and personalized service. In April 2019, Laurel Road was acquired by KeyBank, one of the nation’s largest bank-based financial services companies. Laurel Road is a brand of KeyBank National Association offering online lending products in all 50 U.S. states, Washington, D.C., and Puerto Rico. All loans are provided by KeyBank National Association, a nationally chartered bank. Member FDIC. For more information, visit www.laurelroad.com.
As used throughout these Terms & Conditions, the term “Lender” refers to KeyBank National Association and its affiliates, agents, guaranty insurers, investors, assigns, and successors in interest.
Assumptions: Repayment examples above assume a loan amount of $10,000 with repayment beginning immediately following disbursement. Repayment examples do not include the 0.25% AutoPay Discount.
Annual Percentage Rate (“APR”): This term represents the actual cost of financing to the borrower over the life of the loan expressed as a yearly rate.
Interest Rate: A simple annual rate that is applied to an unpaid balance.
Variable Rates: The current index for variable rate loans is derived from the one-month London Interbank Offered Rate (“LIBOR”) and changes in the LIBOR index may cause your monthly payment to increase. Borrowers who take out a term of 5, 7, or 10 years will have a maximum interest rate of 9%, those who take out a 15 or 20-year variable loan will have a maximum interest rate of 10%.
KEYBANK NATIONAL ASSOCIATION RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.
This information is current as of April 29, 2021. Information and rates are subject to change without notice.
3 Important Disclosures for LendKey.
Refinancing via LendKey.com is only available for applicants with qualified private education loans from an eligible institution. Loans that were used for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not eligible for refinancing with a lender via LendKey.com. If you currently have any of these exam preparation loans, you should not include them in an application to refinance your student loans on this website. Applicants must be either U.S. citizens or Permanent Residents in an eligible state to qualify for a loan. Certain membership requirements (including the opening of a share account and any applicable association fees in connection with membership) may apply in the event that an applicant wishes to accept a loan offer from a credit union lender. Lenders participating on LendKey.com reserve the right to modify or discontinue the products, terms, and benefits offered on this website at any time without notice. LendKey Technologies, Inc. is not affiliated with, nor does it endorse, any educational institution.
Subject to floor rate and may require the automatic payments be made from a checking or savings account with the lender. The rate reduction will be removed and the rate will be increased by 0.25% upon any cancellation or failed collection attempt of the automatic payment and will be suspended during any period of deferment or forbearance. As a result, during the forbearance or suspension period, and/or if the automatic payment is canceled, any increase will take the form of higher payments. The lowest advertised variable APR is only available for loan terms of 5 years and is reserved for applicants with FICO scores of at least 810.
As of 09/09/2022 student loan refinancing rates range from 4.13% APR – 7.39% Variable APR with AutoPay and 2.99% APR – 9.93% Fixed APR with AutoPay.
4 Rate range above includes optional 0.25% Auto Pay discount. Important Disclosures for Earnest.
You can choose between fixed and variable rates. Fixed interest rates are 3.99% – 8.74% APR (3.74% – 8.49% APR with Auto Pay discount). Starting variable interest rates are 2.74% APR to 8.24% APR (2.49% – 7.99% APR with Auto Pay discount). Variable rates are based on an index, the 30-day Average Secured Overnight Financing Rate (SOFR) plus a margin. Variable rates are reset monthly based on the fluctuation of the index. We do not currently offer variable rate loans in AK, CO, CT, HI, IL, KY, MA, MN, MS, NH, OH, OK, SC, TN, TX, and VA.
5 Important Disclosures for Navient.
6 Important Disclosures for SoFi.
Fixed rates range from 3.99% APR to 8.24% APR with a 0.25% autopay discount. Variable rates from 3.24% APR to 8.24% APR with a 0.25% autopay discount. Unless required to be lower to comply with applicable law, Variable Interest rates on 5-, 7-, and 10-year terms are capped at 8.95% APR; 15- and 20-year terms are capped at 9.95% APR. Your actual rate will be within the range of rates listed above and will depend on the term you select, evaluation of your creditworthiness, income, presence of a co-signer and a variety of other factors. Lowest rates reserved for the most creditworthy borrowers. For the SoFi variable-rate product, the variable interest rate for a given month is derived by adding a margin to the 30-day average SOFR index, published two business days preceding such calendar month, rounded up to the nearest one hundredth of one percent (0.01% or 0.0001). APRs for variable-rate loans may increase after origination if the SOFR index increases. The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. This benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. The benefit lowers your interest rate but does not change the amount of your monthly payment. This benefit is suspended during periods of deferment and forbearance. Autopay is not required to receive a loan from SoFi.
7 Important Disclosures for Purefy.
Purefy Student Loan Refinancing Rate and Terms Disclosure: Annual Percentage Rates (APR) ranges and examples are based on information provided to Purefy by lenders participating in Purefy’s rate comparison platform. For student loan refinancing, the participating lenders offer fixed rates ranging from 2.73% – 7.99% APR, and variable rates ranging from 1.74% – 7.99% APR. The maximum variable rate is 25.00%. Your interest rate will be based on the lender’s requirements. In most cases, lenders determine the interest rates based on your credit score, degree type and other credit and financial criteria. Only borrowers with excellent credit and meeting other lender criteria will qualify for the lowest rate available. Rates and terms are subject to change at any time without notice. Terms and conditions apply.
8 Important Disclosures for Citizens.
Education Refinance Loan Rate Disclosure: Variable interest rates range from 3.69%-9.92% (3.69%-9.92% APR). Fixed interest rates range from 4.49%-10.11% (4.49%-10.11% APR).
Undergraduate Rate Disclosure: Variable interest rates range from 6.39%- 9.60% (6.39% – 9.60% APR). Fixed interest rates range from 6.58% – 9.79% (6.58% – 9.79% APR).
Graduate Rate Disclosure: Variable interest rates range from 3.69% – 9.16% (3.69% – 9.16% APR). Fixed interest rates range from 4.49% – 9.35% (4.49% – 9.35% APR).
Education Refinance Loan for Parents Rate Disclosure: Variable interest rates range from 3.69%- 9.09% (3.69%- 9.09% APR). Fixed interest rates range from 4.49% – 9.28% (4.49% – 9.28% APR).
Medical Residency Refinance Loan Rate Disclosure: Variable interest rates range from 3.69% – 9.16% (3.69% – 9.16% APR). Fixed interest rates range from 4.49% – 9.35% (4.49% – 9.35% APR).