5 Holiday Gifts for Everyone on Your List

It’s that time of year again when we throw our budgets on the backburner in hopes of fulfilling every want of those we love. So many of us become obsessed with holiday shopping that we end up spending thousands of dollars we might not have on stuff they might not want. What if this year we were fiscally responsible with our own budgets while giving gifts with purpose?

As a financial coach it’s my job to remind you of the bigger picture. It’s my job to keep you conscious of your buying decisions. So before you hit the stores with a list to accomplish and no focus, consider giving these fiscally smart holiday gifts:

For the Kids and Grandkids –

Open a 529 Plan. If one already exists, make a deposit. There’s no greater gift than a college education. Their parents will thank you!

For Family or Friends Nearing Retirement –

Register them for one of our upcoming Social Security Seminars. You can learn more about where and when they are being offered here. Help them get answers to critical questions regarding their Social Security Benefits so they can become better prepared.

For the Young Worker –

Help those just starting out save for retirement with a Roth IRA. As long as they have earned income, you can contribute up to $5,500 each year.

For the Family –

Everyone should have an emergency fund. Help the families you care for to become better prepared for life’s little emergencies with a low-risk, liquid I Bond. You don’t need the recipient’s social security number to buy the bond and you will incur no tax liabilities for the gift. Click here to learn more.

For Everyone –

The Truth Project: Finding the Courage to Ignore Wall Street – Everyone can benefit from making better financial decisions. The first step towards making the right decisions is learning how to separate misinformation from reality. Help those who are important to you learn how to ignore the noise of the crowd, cultivate a financially healthy DNA, and move confidently towards financial independence and serenity. Click here to order The Truth Project.

Regardless of what you decide to give, remember your financial goals and don’t overspend! Set a realistic gift giving budget and stick with it. It’s no fun facing a hefty credit card bill come January.