Top Ten Gift Ideas for People Who Are Bad with Money

Have you ever noticed that there is a breed of individuals in the world who wake up at the end of the year only to realize they made tens of thousands of dollars and have no savings to show for it and no idea where it went? We all know people like this, those who just don’t have it together when it comes to money. They have a lot of debt, and very little savings for the future. Here are some gift ideas for those who just need a little push in the right direction.

10. The Economist Magazine – This weekly news and international affairs publication has been in circulation continuously since 1843. Over one million copies a week are sold every week and talks on subjects including news, economics, science politics, business, finance and technology. Anyone with a keen eye on the business world should be reading this magazine. You can buy an annual subscription for only $79.

9. Dave Ramsey’s Envelope System – For those who want to throw away plastic and keep an exact track of where every penny they spend goes, the envelope system is a perfect fit. People using this system can allocate funds to topics such as “groceries” and “gas”, and put the money designated in each envelope. When the money is gone, that’s all one can spend for the month, preventing anyone from spending more money than they have. The system can be purchased online for $19.95 plus shipping.

8. A Certificate of Deposit – If there’s one thing anyone can use, it’s another investment for the future, With certificate of deposits now reaching rates of 5.5% they are becoming even more attractive investments. They can be had at nearly every bank and credit union.