5 Holiday Gift Ideas - Invest Diva Style! Financial & Investing Education Gift Ideas For Kids
Since the holidays are coming and many of us are looking for holiday gift ideas. How about financial and money gifts?
One of our Invest Diva Movement members recently asked me:
"I’d love to learn more about gifts that are investment-oriented and/or financially beneficial for the recipient (like savings bonds, 529 Plan for college, Certificates of Deposit, etc) .... What other ones are there? Which ones would you recommend? Thanks in advance! "
3 Secrets To Grow $500 Into $10,573: http://learn.investdiva.com/start
I’m so glad that Jade brought this topic up, and there’s not a better time to get into this before the whole shopping craze begins. Now if you ask my husband, he thinks holidays should only be about consuming and splurging on things that make you feel good. He thinks it’s against the holiday spirit to look at gifts as an investment. We had a very heated argument about this just the other day. Now I’m gonna show you my money gift ideas, and I’d love to hear from you guys what you think.
Do you think you should NOT think about investing during holiday shopping? Or do you think Finance-related gifts can be a great way to give, and a practical way to help your friends, kids, and family begin to build wealth?
Black Friday Sales and Cyber Monday are right around the corner, and it’s super easy to get caught in your holiday giving spirit and buy on “sale”, thinking you’re saving money, all the while you may just be exhausting your bank account.
Here are my top 6 favorite financial gifts.
6- Treasury Bonds & Certificates of Deposit
If you’re looking for a safe way to put money aside for a child and don’t anticipate them needing it for a long time, T-Bonds and CDs may be the way to go.
5- Stocks
Most brokerage accounts will let you purchase shares for another person, but if you’d like to make your stock purchase a little more festive, there are companies such as GiveAShare and StockPile that let you give your stock in the form of a gift card or certificate.
GiveAShare: https://www.giveashare.com/
StockPile: https://www.stockpile.com/
4- College Savings Plans
These include the 529 Plans and Coverdell Accounts. Both of these allow you to create a fund that lets your capital and interest be withdrawn tax-free as long as the money is used for educational purposes. These include college and graduate school fees, room and board, study abroad, and even K-12 private school tuition.
3- Roth IRA For Kids
We don’t usually think about setting up retirement plans for children, but remember the miracle of compound interest. Helping a young person get a five- or ten-year head start on their retirement savings could means many thousands more dollars in their future.
2- Microlending
If you’d like to get a gift that’s both an investment and a good deed, consider making a micro loan in your recipient’s name.
1- Financial Education
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