8 Holiday Gifts To Help Your Partner Manage Their Money
Written by
Cindy Lamothe
Edited by
Rebekah Evans
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There is never a more perfect time of year than the holidays to encourage your significant other to stay on top of their finances. Unlike the rest of the year when money talks can turn awkward or uncomfortable — the holidays offer the perfect excuse to begin financial conversations by selecting the perfect gift.
Below are experts’ top recommended ideas for holiday gifts that will help your partner manage their money.
Personal Finance Coaching Sessions
According to Dennis Shirshikov, head of growth at GoSummer and professor of finance at City University of New York, gifting a series of one-on-one financial coaching sessions can provide personalized guidance tailored to your partner’s specific needs.
“Unlike generic advice, these sessions can address unique financial situations and goals,” he said.
Subscription to Financial Planning Software
A premium subscription to financial planning software like Quicken or YNAB (You Need A Budget) can make budgeting and tracking expenses more engaging.
“These tools offer real-time insights and help in setting and achieving financial goals, transforming money management from a chore into a proactive habit,” Shirshikov explained.
Enrollment in an Investment Course
Enrolling your partner in an online investment course can demystify the complexities of the stock market and investment strategies.
Shirshikov said platforms like iTutor.com offer courses that cater to various levels and as someone who oversees educational content there.
High-Quality Financial Books
Shirshikov recommended a selection of well-regarded books on finance, such as “The Intelligent Investor” by Benjamin Graham or “Rich Dad Poor Dad” by Robert Kiyosaki, as a way to provide timeless wisdom.
“Books have a way of inspiring change and can be revisited for continued learning,” he said.
Customized Financial Planner or Journal
“A personalized financial planner or journal encourages regular reflection on spending habits, savings and investment goals,” Shirshikov said.
“It’s a simple yet effective tool for staying organized and motivated,” he added.
Investment in a Mutual Fund or Stock
Purchasing shares in a mutual fund or a stock your partner is interested in can be both a gift and an introduction to investing.
“It’s a tangible way to show support for their financial growth and can spark meaningful conversations about future plans,” Shirshikov explained.
Membership to a Financial Community or Forum
Shirshikov noted that membership to a financial community, such as a local investment club or an online forum, provides networking opportunities and access to collective knowledge.
“Engaging with like-minded individuals can keep your partner motivated and informed,” Shirshikov said.
Financial Wellness Retreat
For a more immersive experience, Shirshikov advised a weekend retreat focused on financial wellness and personal development.
“These retreats combine learning with relaxation, making the process of financial planning enjoyable,” he said.
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