I used ribbon that I had on hand and fabric left over from the wreath. The towels are actually fluffy bathroom hand towels that I picked up at Meijer for $3 each.
Our wall decoration turned out more Mickey Mouse-ish than Valentine's-ish. Oh well. The kids like that it has their names on it; I like that it contributes to a sense of family and togetherness.
We used 29 cent wooden hearts from Hobby Lobby, black acrylic paint, a white paint pen, and a spool of ribbon. The ribbon is hot glued around a D ring at the top for hanging. I let the girls help paint the black, and considered letting them write their own names. Only Lucy and Julia are old enough to do so and I thought it would look odd with my handwriting on all of the rest so I decided against that.
I'm enjoying decorating our home for Valentine's Day and the kids are excited about these special touches.