Want to find the ideal Valentine’s Day gift that aids in saving money for both you and your partner? Here are some fantastic suggestions.
Roses are red, violets are blue. A gift that’s not flowers? How about that?
And one that helps you both save? Absolutely!
Research from the National Retail Federation indicates that consumers are projected to spend $27.5 billion on Valentine's Day this year, an increase from last year’s $25.8 billion. We understand the desire to choose a meaningful gift, so why not opt for one that expresses your affection while also being budget-friendly? Enjoy the joy of the holiday without overspending.
Here’s a selection of our top gift ideas that achieve both love and savings.
Create a Garden Together
“If space allows, even a tiny patch of soil can be perfect for planting a garden together,” suggests Tabby Duncan, CEO of Growing Greene Accounting. Cultivating your own produce is a wonderful way to cut down your food expenses while enjoying quality time. Soon, you’ll have fresh vegetables, fruits, or herbs to cook with while honing your gardening skills. If you lack space or a green thumb, consider Click and Grow, a self-watering garden unit that fits perfectly on your kitchen counter.
Gift a Costco Membership (+ Stock Up on Wine)
For wine enthusiasts, a Costco Membership can lead to significant savings on wine and bulk items, according to Duncan. A basic membership starts at $65 annually. “I quickly recouped my membership cost with just one case of wine from Costco,” she shares. “My husband and I enjoy cozy evenings by our fire pit sharing a bottle of wine.” After a hectic week, unwinding together with a glass of wine is a delightful and budget-friendly option. Plus, browsing the aisles together at Costco can be fun—just steer clear of tempting luxuries like that sparkly diamond case if you’re focused on savings!
Camping Gear as a Gift
If outdoor adventures appeal to you, gifting camping gear can pave the way for affordable vacations without hotel costs. “You’ll need to invest initially in essential items like a tent, sleeping bags, cookware, and hiking shoes,” Duncan notes. “However, the cost of camping fees is significantly lower than hotel stays.”
Once equipped, you can explore numerous U.S. state parks, which offer budget-friendly camping. For more outdoor excursions, consider the U.S. Park Pass, available for $80 annually, covering entry and day-use fees at over 2,000 federal recreation sites. There’s no better place than nature to disconnect, bond, and marvel at the stars.
Electric Bikes for Two
An electric bike gift can be perfect for a partner who enjoys adventure and staying active. “If you can manage the upfront cost of one or two electric bikes, exploring your town becomes a thrilling and cost-free experience,” says Duncan. Why not ditch that gym membership and opt for electric biking adventures? Plus, if you get tired after a long ride, just hit the throttle to get home. This could also allow you to skip using a car for short commutes, saving you a significant amount on fuel, payments, and insurance.
Consultation with a Financial Advisor
“A valuable gift that can lead to long-term savings is a session with a financial advisor,” suggests Elizabeth Bishop, Practice Leader for Women’s Wealth Connection. A financial planner can assist in strategizing everything from retirement to college savings and investments, helping you establish and achieve your financial goals. “The cost of an initial meeting is minor compared to the potential savings,” she explains. Many clients, particularly women, report feeling empowered with a clear financial plan after the first session. “Setting up the appointment and going together can be a romantic gesture as you plan your futures,” she concludes. The gift of a financial strategy keeps giving.
Contribute to a 529 College Savings Plan
Another thoughtful gift is a contribution to a child's 529 plan. “In our family, we encourage grandparents to spend half on toys and donate the rest to our kids’ college savings,” Bishop explains. The advantage of donating to a child’s college fund is that contributions are tax-deductible, a nice perk for givers. This gift benefits both grandchildren and their parents eager to save for education. Typically, contributions can be made easily via email links.
A Financial Book as a Gift
Valentine’s Day (or any celebration) is a great occasion to gift a book, especially one focused on finance. One standout recommendation? The new book by a financial expert, How to Money: Your Visual Guide to Finance Basics.
