14 Financial Valentines to Give Your Sweetheart

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7. A College Fund

Maybe you already have small children … or maybe you just have babies on the brain. In either case, as soon as you both know that kids are part of the picture, it’s smart to start saving for their college education. Although it will be years until they hit campus, planning early will help save you and your sweetheart some financial worry in the future: Inflation in college tuition has historically outpaced regular inflation—sometimes as much as 2 to 1.

So explore the various vehicles together, and be sure to get professional advice before you pick an investment route. “Especially if children are not yet in the picture,” Adel says, “work with financial and legal professionals to ensure you’re setting up an account that takes advantage of tax incentives.”

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8. A Monthly ‘Money Date’ Night

It’s not pillow talk, but it’s just as necessary. Smart financial planning between couples is all about communication, after all. And Valentine’s Day can serve as the perfect opportunity to launch a monthly financial meeting of the minds, so to speak. It doesn’t have to be formal, either—it can be a once-a-month “date night with purpose”. “To keep the mood light, open a bottle of wine, play music and order takeout,” Faherty says.

What’s important is that you devote the time to discuss whatever financial issues are on your mind. You could plan to tackle one financial to-do each month, such as investigating how to reduce your cable bill, shopping around for cheaper car insurance or even just seeing how well you’re both sticking to your monthly budget.

9. A Joint Charitable Gift

Love begets love, and giving back can be a gift that warms both of your hearts. Have a heart-to-heart about the societal ills that concern you both, and then research charities that are working to address those problems.

To check that a charity is worthy of your money, go to reputable sites like charitynavigator.org and guidestar.org. And remember that the organization must be recognized as a 501(c)(3) by the IRS in order to get a tax credit for your donation.

10. An Investment Account for Your Future

Now, for a Valentine that represents your long-term goals. There’s nothing that says commitment more than saving up for a future home or the globetrotting you’ll do in retirement. Whatever the ultimate objective, starting an extra nest egg outside of your retirement savings helps you to both picture a future together.

As with your special-occasion fund, connect the account to a specific, future goal and determine when you want to accomplish it. This will not only remind you of the goal, says Faherty, but it will also help determine the best investment vehicle and asset allocation to fund it. Use this checklist to learn how to get started.

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