Alternative Gift Ideas
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Published on
November 30, 2023
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If you are looking for something different, consider these alternative gift ideas as you plan your gifts for loved ones:
1. Knock a Chore Off Someone’s To-Do List
Ask your loved ones what they would like help with. Most families are so busy these days and find it hard to get things done around the house. Many hands make for light work, so spend some time with your own family by helping another family or loved one. Involve the kids and have some fun.
As you consider your gift, look to help with routine chores, decorating for the holidays, fixing up a room, doing yard work, or sorting the garage and hauling the extra stuff away. Give them a homemade gift certificate that they can redeem for the help!
2. Registered Education Savings Plan (RESP)
Start a Registered Education Savings Plan for the children in your extended family, or contribute to an existing one, and help your family save for education costs. Choices for post-secondary education are broader than ever before, so this gift will have significant meaning when the children face decisions about post-secondary education.
The added bonus with this gift is the government programs to help families save, including the grant on the first $2,500 contributed each calendar year! Talk to Statera Financial Planners for more information!
3. Give a Group Gift
Some people’s biggest wishes cost more than what most family or friends want to spend on a gift. Consider organizing a group gift for the teens or young adults on your list. If each person chips in what they can afford to spend, the smaller amounts will either add up to the cost of the gift, or to a significant contribution towards the item. Think of it as the financial equivalent of a group hug!
4. Make a Donation or Volunteer
Donate money to someone's favourite charity in their name or spend time volunteering there with them.
5. Buy a Membership
Buy a membership to someone's local gym, bulk store or organization of their choice. Buy an annual family membership to their favourite museum, science centre, aquarium, or art gallery. Either ask them what they need or surprise them with something they wouldn't necessarily buy themselves.
6. Help by Giving a Service
Purchase services like home or yard cleaning, or give a homemade gift certificate for free babysitting, an oil change, or cooking lessons. For older family members consider giving them the gift of your time. Take them along on an outing, spend time with them at home, or help them with something they can't do on their own.
7. Make a Gift of Your Hobby or Craft Projects
Whether you enjoy canning, photography, sewing, woodworking, or other craft, see what you already have made that you could gift to a loved one. You've already made the item, so wrap it and rather than keeping it for yourself, prepare it as a gift.
No matter what you choose to do, the gift still needs to fit your budget. While it may be easier to walk into a store and purchase a gift, coming up with creative alternatives will extend your thoughtfulness long after the special day.
Article by www.mymoneycoach.ca
As financial planners, we do not provide specific tax and legal advice. You should always consult your accountant and/or lawyer where necessary. Because of the many ways a strategy may be impacted when segmented, we prefer to communicate collectively with your external professionals to ensure that all recommendations and action plans are in the overall best interest of you, with your professionals working with common goals in mind.
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