The Financial Risks of Online Dating

March 31, 2008 RSS Feed Print
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A reader recently reminded me why dating websites are not always worth their monthly fees. She writes that since she signed up for one over a month ago, she still has not found a suitable match. Yet, as a senior, she says she would like online dating to work out since it is easier than trying to meet people in person. (And you don't have to be a senior for that to be true—few people enjoy trying to find dates in dark, loud bars.)

Online dating sites can work, but you have to be smart about it. The Better Business Bureau reported a sharp increase in complaints about dating websites earlier this year, and recommends being wary of advertisements that claim "exclusive" communities or other potential exaggerations.

I'm also going to share another tip, courtesy of a friend who found her own serious boyfriend online after trying out two different dating websites. For a first meet-up, stick with short coffee dates, she says. You'll often know within the first 10 minutes whether you click with someone, and if you don't, there's no point in wasting time and money to find out just how badly you are matched.

Readers, please share any other online dating tips below—learning the hard way is too expensive.

Tags:
websites,
relationships,
personal finance

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hmm..finding a dating site free of fake accounts are hard to find

smellydoze of AL 8:55PM January 06, 2010

k2uklnipqz http://www.1035211.com/105698.html 6if5c703

cpo0lafp2y of MT 1:27AM May 08, 2008

Hello, This is for Kim Palmer and I am still all so frustrated about Match.Com.. Still not one to even meet for a small cup of coffee, all the men that are to be my match have been there for such a while and probably getting older by the time I finally find one. I think the site does not stick to their promise of finding a men they are just interested in you signing up and will post of few photos of the guys to get you going and nothing happens. Connie

connie scholz of CA 11:52AM April 03, 2008

Alpha Consumer

Kimberly Palmer, senior editor for U.S. News & World Report, writes about making smarter financial decisions. She’s the author of Generation Earn: The Young Professional's Guide to Spending, Investing, and Giving Back.

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