zylphryx
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Actually, my folks have been saying for years not to give them "things" for gifts; they have said they have too many knick-knacks as it is. This has left me in a bit of a quandary, and I usually bake up some bread or what not. For Father's Day though I am thinking I will open up accounts for him at Kiva.org ... give a gift to allow him to give to others. Good gift idea?
| Tensor |
1. Stocks
Believe it or not, stock is an excellent gift for dads. Whether your dad is a novice or experienced trader, he will appreciate your forethought and the opportunity to engage in this challenging and strategic activity. Take some time to learn about the market, and on Father's Day, share what you've learned with your dad. Make the stock market a fun activity you can pursue together. He'll love this out-of-the-ordinary gift - especially if you make a winning pick!
| Tensor |
2. Computer Battery Backup
This is a great gift for anyone, particularly those who worry about the files stored on their computer. This is particularly true if your dad uses his computer for accounting and banking. Next time the power goes out, your dad will have enough time to save his files. Plus, he'll think of what a great son or daughter you are every time he does it.
| Tensor |
3. Day Trip
Who says that ROI is only about time and money? An often-ignored important return on investment is happiness. Chances are that your dad would enjoy some quality time with you, so consider organizing a day trip around his favorite activity, such as golf, hiking or a baseball game. You needn't spend a ton of money or travel a long distance - just pick something thoughtful you can enjoy together.
| Tensor |
1. Go On Autopilot
Ever heard the phrase, "pay yourself first?" It's the best trick to get into the habit of saving: when you pay your bills come payday, budget for your savings just like it's another bill you're paying. Set up separate accounts for emergency savings (for when the car breaks down, or the water heater breaks), retirement and for more fun goals like that family vacation.
Make your savings a no-brainer by setting up an automatic transfer to the account(s) on payday, so you're not tempted to spend the money elsewhere. Even if you just set up $20 a bi-monthly paycheck, that still adds up to $480 a year - and you probably won't even miss it. As you get used to saving, try increasing the automatic savings by a little bit every six months.