Valentine’s Day Will Come & Go but Love and Financial Security are Here to Stay!
We love and care for our ‘special ones’ every day. On the 14th of February, which is Valentine’s Day, we respond to the call of expressing all the love and care. Choosing the perfect gift to make Valentine's Day unique and memorable is challenging. Choosing a present is a matter of personal preference, and believe us when we say that the decision is difficult.
While buying gifts, going to the movies, or dining at the perfect restaurants are traditional ways to spend this day, laying a firm foundation for a secure future together would be a more meaningful way to commemorate this day. Although no one can predict the future with certainty, everyone can prepare for future ambiguities through effective financial planning.
Financial Planning, Together 💑
Life is full of possibilities and, at the same time, uncertainties. Nonetheless, uncertainty doesn’t stop us from thinking and preparing for the future. Therefore, this valentine’s day providing for the financial well-being of your loved ones and family can be the most divine gift.
Gifts that offer financial security express our genuine concern for our loved ones, acting as a guardian angel of positive transformation in their life by increasing their financial freedom, which can empower them in the long run.
What a lovely sight would it be to see a wave of joy run through your loved ones’ faces. The thoughtful idea of gifting them with financial security will not only come as a sweet surprise but will touch their hearts as well. The bliss that the moment has to offer will definitely be the best feeling to behold. So here we list down a suggested thread of Gifts that could touch the soul at the same time empower your loved ones financially.
🛡️ Life Insurance
An unfavourable event can quickly turn life upside down and cause financial hardship. Not only are our common goals jeopardised, but it may also be leaving our loved ones in despair. A life insurance policy can assist them in maintaining their standard of life, paying off loans (if any), and, most importantly, staying on track with their financial goals.
🌟 Gift Gold a Smarter Way
Gold has been a symbol of gifting for almost every occasion. It is seen as eternal riches and acts as a store of value and a hedge in times of economic turmoil. Instead of giving actual gold (bars, coins, jewellery) on Valentine's Day, give gold the smart way: in the form of Gold ETFs, Digital Gold, Gold Savings Funds, and/or Sovereign Gold Bonds (SGBs).
Buying Gold the smarter way will play a key role in securing the future of our loved ones. Since gold provides a good return always, it can be beneficial when there is a quick need for money to get over any debt, which is perfect for gifting for weddings. Investing in Gold is nearly a perfect idea since it shields from the inevitable depreciation of paper money as well as inflation.
📈 Take the SIP road in Mutual Funds
Mutual funds have become one of the most popular asset classes for building a portfolio for a variety of short and long-term goals. One can start a systematic investment plan (SIP) in a mutual fund with their loved ones as the nominee on Valentine's Day. It's simple to get started, and SIPs allow investors to benefit from the power of compounding, which by the way, is an investor's best friend. In addition, SIPs invest for a longer period of time, which is preferable to trying to time the market.
With SIP on our side, we open doors to the solution of many of our problems. The returns that one gets with SIP, can be used to fund children’s higher education, renovate or buy a dream house or simply start over a new business even post retirement. Many problems, One Solution - SIP.
🧒 Create a Children's Savings Account for Your Children.
Valentine's Day is about love and joy, not only couples and lovers. Because most couples find more fulfilment and joy in their children's well-being, this Valentine's Day, introduce your youngster to the financial world. Most banks provide youngsters with flexible savings accounts that include a debit card that can be used under the supervision of their parents. This Valentine's Day, open a children's savings account to assist your children to take their first steps toward financial literacy while instilling the value of saving and investing.
Valentine’s Day may be a day for romantic candlelight meals or spending quality time with loved ones. Use these outings to openly discuss your financial situation, desires, and goals. Eliminate gender preconceptions about men being entirely responsible for financial matters by working together as equal partners in financial management as a pair.