Valentine’s Day is right around the corner and you may be thinking of a way to show your love to those important to you. As you think about your options… flowers, dinner, chocolate… you know the typical items…why not consider something that will last longer and will be appreciated long after the holiday is gone? Think saving.

Saving is a way of putting aside money today for future use. That use can either be planned or it can be unexpected. Either way, by putting aside money today, you will be prepared, and you will be giving a gift that shows those you love how important they are, every day of the year. Not sure what to save for? Anything you want. Here are just a couple of ideas:

• A Romantic Getaway or Anniversary Trip – Flowers may last for a week, but a getaway with the one(s) you love the most will provide memories that last a lifetime. Whether it’s a short weekend getaway, or a longer stay, putting aside money now can get you to your final goal. Consider where you want to go and when, then make a savings plan to get there.

• A House – A home of your own is a gift that all family members can enjoy and will appreciate. A down payment is often the biggest hurdle prospective homeowner’s face. Regular deposits to a savings account can add up and make home ownership possible for those you love.

• College – If you want a college degree for your child without excessive student loan debt, you can give the gift of a college savings plan. There are many options for college savings, including 529 plans, prepaid college tuition plans, and Roth IRAs. Show your child some love this Valentine’s by investing in their future through a college savings plan. Not sure which is right for you? The College Savings Plans Network can provide information to help.

• Retirement – What could be better than planning for the day when you have endless time to spend with the one(s) you love? Investing in a retirement plan can give a sense of security for the future, and the earlier you start, the more you’ll have in the end. Whether work sponsored, or an individual retirement account, give the gift of security by saving now for the future.

• Emergencies – Nothing means more to a loved one than knowing that an unexpected event won’t shake your financial foundation. Financial experts recommend that, if nothing else, you have savings to handle emergencies. Aim to save enough to cover 3 – 6 month’s worth of necessary expenses like food, shelter, clothing, and immediate needs.

Whatever you choose, let your loved one know your intent. Go to America Saves and pledge to be a saver to reach your goal!

0