Your typical Valentine’s Day conjures up images of flowers, candy and a candlelight dinner. Money—other than what you paid for the champagne and oysters—probably doesn’t come to mind.
But if you’re serious about making sure that your love story has a happy ending, you can use the romantic holiday to give each other gifts that say both “I love you” and “I want us to have a secure future together.”
Whether you’re in a serious relationship, engaged or already married, we’ve gathered ideas for 14 financial Valentines that you can gift your sweetie this year.
1. A Couple’s Financial Consultation
Normally, telling your significant other that you both need professional help isn’t a great sign for the longevity of a relationship. But signing up for a couple’s consultation with a financial planner may be a gift that actually increases your relationship’s long-term staying power, says Jennifer S. Faherty, CFP®, founder of Redbird Partners.
That’s because fighting about money is why most married couples split up, according to a 2012 study by Kansas State University researcher Sonya Britt. She found that couples who argue over money early on in their relationships were at a greater risk of divorce—regardless of their income, debt or net worth levels.
By meeting with an adviser, you’re making sure that both of you are involved in financial decision-making, and that you are on the same page when it comes to your bigger goals and how you’ll reach them.
2. A Life Insurance Policy
Ensuring that your partner is taken care of in the event that something happens to you—and vice versa—offers the gift of peace of mind. “You never know where the road of life will take you, and planning ahead for illness or death as well as having life insurance can help couples be ready,” says Mitchell Adel, a certified elder law attorney and managing partner at Cooper, Adel & Associates, a law firm specializing in estate planning and elder law.
Life insurance is especially important if you think that your loved one might have difficulties meeting monthly living expenses and paying one-time costs in the event of your death, like funeral expenses, as well as such longer-term bills as a mortgage—not to mention just the general cost of raising children.