Valentine’s Day 2019 is finally here. Wondering, what could be the best gift for your spouse today? Chocolates, flowers, a dinner at a posh restaurant, a movie date, expensive jewellery, designer clothes or what else? Thinking, the joy of all this may not last for long? So, what about something that would never get out of your spouse's memory? Something that will help him/her in good and bad times. Something that would make him/her feel empowered, literally. You already know that nothing empowers a person more than the financial well-being. Here is a five-point Valentine's day financial checklist to give you a  start: 

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'Insure' financial security 

Life is not permanent. For that matter, nothing is permanent. Ever wondered, what would happen to your spouse and family in case you are no more around? This Valentine's day, you can answer this question by securing the necessary amount of life insurance. 

Money gifts: Equity shares, PPF and more

Let your spouse feel financially empowered - and start learning the tricks for this - by making an investment in his/her name. You can buy a share of your spouse's favourite company. Or, open a PPF account, put some money in saving schemes, or open Mutual Fund SIP. 

Reveal your financial health: Document net worth, streamline investments

If you have not done this already, today could be the best day for letting your spouse know your financial health - your assets and their locations, liabilities, account numbers. If you both are truly in love soulmates, there is no point in hiding these details. Today could also be the best day for you to weed out unnecessary accounts to simplify your investment portfolio without sacrificing the need for diversification. If you do manage to reduce the number of monthly investments, it would help your spouse monitor your accounts and manage your account easily. 

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Share trusted contacts

You should share with your spouse today the contact details of your trusted financial advisors, lawyers and accountants. S/he may need to contact them in case something bad happens to you. 

Correct nominee details

Have there been changes to your nominee details in bank accounts, deposits, pension, insurance, or any other investment because of marriage, re-marriage, or divorce? Is the spouse your nominee? Today is probably one of the best days to ensure that your nominees' details are clear in all your investment documents. You can make an enquiry to the institutions governing your investments. This will end uninvited hassles for your spouse and family when you are gone.