Gift giving is tough because you want to get something that has value without spending a fortune.
Usually, people opt for sentimental value as it has a deeper meaning, and it isn’t as expensive! After all, buying assets such as precious metals or a car isn’t going to be in the average person’s budget.
Still, even if you have limited resources, it is possible to give a loved one or friend a lucrative present. The trick is to focus on its long-term value, and not what it costs in the present.
Here are four perfect examples for those who want to mix up their gift-giving game.
A First Edition Of Their Favorite Book
It’s tempting to assume that the first editions of books are expensive. Many of them indeed are because the likes of ‘A Tale of Two Cities’ has had time to cement its status as a classic. However, books that are classed as classics in the making are far more accessible. First editions of the Harry Potter series are currently valued at $90,000, and you may have one on your shelf. If you want to hold onto first editions for yourself, you can hit up the closest bookstore and sift through multiple versions. Keep your eyes peeled!
Nobody expects you to splash out a couple of hundred million on the latest Da Vinci as the Saudi royal family did back in 2017. Some artwork is more expensive than the first edition of a Harry Potter book, and it only has a few scribbles on the canvas! Thankfully, the fact that artwork is subjective means that you can buy more affordable gifts that maintain or increase in value. Steve Nolte knives make perfect presents because they use natural materials (bone) and follow authentic and historical craftsmanship to create a unique piece of art.
Investing your money into treasury bonds is the perfect combination of valuable and affordable. You can buy as many of them as you want, so there’s no reason to go over your budget, yet the ROI maturity payments are high. Long-term government bonds in the US have averaged a 5% to 6% return over the last couple of decades. As long as the recipient waits for ten to twenty years to mature, they should get a nice nest egg that they can use to boost their lifestyle. Now, isn’t that thoughtful?!
A Case Of Champagne
Champagne sounds expensive, yet the price isn’t overly high when you compare it to other purchases. A family vacation for your loved ones may set you back more than $500, and you’ll gladly buy it as a gift. A case of champagne, on the other hand, goes for $55 a bottle, and there are twelve bottles in a case. Sure, it’s an extra $100, but at least this present is an investment that will payout in the future. If a case is too much, you can opt for a single bottle of classy wine.
How do you pick thoughtful gifts? Let me know in the comments below and thanks for reading!