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Gifting Options for your Child on his/ her Birthday!!

Birthdays have always been special part of our lives and their Gifts too. So, why not make it extra Special for our child by some Not so popular and Unconventional Gifting Options:

Child with gift

Savings Bank account:  It gives a great feeling to the gift, when the child gets a bank account in his/her own name. Whatever cash gifts, the kid gets for special occasion can be deposited in this account. He/She can be shown his pass book at different intervals to show the interest earned on his saved money. This will lay a strong Foundation for personal Finance management.

piggy bank

Board Games: Many of us have been grown playing Board games. Board games such as Business and Monopoly are a fun filled way to learn about managing money, buying assets, Decision making on What to Buy and what not to buy. Child can be taught about importance of buying right through these games.

images

Hobby  Classes : He/She can be made to join some interesting evening classes to give him some out of routine experience. It can be painting, Origami ,  cooking ( favourite one with kids especially when you see so many kids cooking on TV reality shows)These can also be physical activities which will help them in  staying fit. It could be Dance, Swimming, tennis, badminton, Aerobics, yoga. Gift them a fun filled Learning experience.

 

Regular  investment or Mutual Fund  SIP: You can Teach the way you save out of your salary,  He/she should be encouraged to save money out of his pocket money every month. The same can be invested in some regular saving option which could be a Recurring deposit or systematic investment plan. You can start by paying 1st instalment and tell the child to pay rest on his own. Let him manage his/her pass book or account statement in his own file.

SIP

 

Appointment with Nutritionist/ Dentist: An  appointment with Dentist for regular checkup and update   on Oral Hygiene Importance is a good idea.Also, a counseling session with Nutritionist on healthy eating Habits will prove to be a nice gift for your kid. This will help in personal grooming of the child.

 

 Library subscription: Library subscription can be given in his name. He/ she will love to see this. Books are our best friends. Firstly, this will instil the habit of reading in him/her .Secondly, This one helps the child to grow beyond limitations. He will learn to find his own answers in the books of Different subjects. He can explore the world out there.

library

Please feel free to add to this List in the Comments section Below :-)

This post was originally posted on www.hareepatti.com. Some images have been sourced from google.com.

Gurleen Kaur is a Financial Consultant and devotes her time to her company www.hareepatti.com. She has done her Bachelors in Finance and Investment Analysis(BFIA) from College of Business Studies(CBS, Delhi) and MBA from IMT, Ghaziabad. Currently she is also pursuing her studies in order to become a Certified Financial Planner.

She can be Contacted at gurleen@hareepatti.com

 

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  1. Nice article indeed…

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