smart spending

5 money gift ideas for the holidays

Buy gifts with a financial theme
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Buy gifts with a financial theme © Khomulo Anna/Shutterstock.com

Buy gifts with a financial theme

With the budget on the minds of many during holiday season, it may be the perfect time to focus on gifts that can literally keep on giving. Gifts with a financial theme offer benefits that can last longer than an inexpensive toy or electronic gadget. And regardless of the names on your shopping list, there are plenty of money gifts to choose from this holiday season.

Read on for five money-themed gift ideas that will have a lasting impact on the receiver.

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5 money gift ideas for the holidays

Transcript

Giving cash is a faux pas around the holidays, but there are money-themed gifts that can be a lot more personal.

You can personalize your gifts this year and still help a loved one's pocket book. Try giving the gift of financial literacy. You can give a budding entrepreneur a book about starting his or her business, or spread the gift over 12 months with a subscription to a financial magazine.

Instead of cash, you can volunteer to pay off a specific debt. To provide the most help, find out which debt has the highest interest rate.

A gift certificate for a session with a financial planner is a great gift, and the timing is perfect to make a plan for the new year.

Starting a 529 plan to help a youngster pay for college years down the road is one of the best gifts you can give. Use the gift as a teaching moment, informing the kids about how investments work.

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