This Valentine’s Day, prepare to be showered with presents – well, sort of. According to the latest American Express Spending & Saving Tracker, Americans will be spending around $37 billion “as more consumers plan to spend on their special someone,” as noted in a release.

And it doesn’t stop with frou-frou gift giving. Apparently, this year’s holiday may be “extra special” for couples – as nearly 6 million of them will get engaged – or plan to, anyway – on Valentine’s Day. And “all eyes are on the bling” during this popular engagement time of the year.

Getting engaged?

The average “appropriate price tag” for an engagement ring is cited at $2,311. Most American couples believe spending less than $1000 on a ring is an appropriate price. Hm. The survey also reports (listen up men) that while most men think the best place to “pop the question” is on vacation, most women (no surprise) want a romantic setting at home, according to the release.

What to buy?

Another not-so-surprising finding is that men plan to spend more than women this holiday. Apparently, both men and women plan to purchase a sentimental greeting card but 54 percent of men also plan to purchase flowers and 24 percent plan on buying some bling for their loved one. The study also shows that women plan to stock up on gadgets and gift cards for their man – well done, ladies.

No pressure!

Fortunately, the study also shows that “while more couples will make the effort to show their love on February 14, the pressure to have the perfect Valentine’s Day seems to be easing.” Of course, that’s discounting the 6 million couples who plan to get engaged. Phew. It does seem though (thankfully) that most couples want to avoid making Valentine’s Day a huge deal and instead, simply want to have fun!