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Dec 14, 2020

Financially Focused Gift Guide

Financially Focused Gift Guide

Books: These can be gifted as an audiobook or hard copy. They are easy reads that provide meaningful advice.

Your Money or Your Life: This book guides you through 9 steps to transform your relationship with money and achieve financial independence.

Author: Vicki Robin

Link: https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766

The Millennial’s Guide to Getting Your Sh*t Together: This book contains semi-serious essays on money, career, and relationships. Catie Hogan does a phenomenal job writing in a quirky and relatable way for millennial readers.

Author: Catie Hogan

Link: https://www.amazon.com/dp/B074K2KPV2/ref=cm_sw_r_cp_ep_dp_IBCaAb879C969

Getting Things Done: This book is perfect for those who want to master the art of stress-free productivity.

Author: David Allen

Link: https://www.amazon.com/Getting-Things-Done-Stress-Free-Productivity/dp/0142000280

Subscriptions: as society continues to thrive on subscriptions, consider adding some unique ones to the list.

Some of Narwhal’s subscriptions:

Wall Street Journal: $12 for first 12 weeks

Link: https://www.wsj.com/

Barrons: $52 for the first 52 weeks

Link: https://www.barrons.com/

The Economist: 12 weeks for $25

Link: https://www.economist.com/

A few unrelated to finance, but fun subscription ideas none the less:

Bon Appetit: this is an entertainment magazine that contains recipes, entertaining ideas, restaurant recommendations, and wine reviews. It’s a great way to help others be creative at home!

Link: https://subscribe.bonappetit.com/-

Hello Fresh: a meal service subscription that ships delicious recipes with the necessary ingredients right to your door.

Link: https://www.hellofresh.com/

Driftaway Coffee: After sampling various coffees from different regions, you select your favorite and have coffee deliveries formulated to match your desired taste profile.

Link: https://driftaway.coffee/

Shaker and spoon: think hello fresh but for cocktails. You are provided with the recipe and ingredients to make great drinks, perfect for impressing your holiday party guests.

Link: https://www.shakerandspoon.com/

Cash Alternatives: Yes, everyone loves cash, but doesn’t giving cash seem a little boring? Below are some unique alternatives for giving cash.

Roth IRA: you can help establish a Roth IRA in the recipient’s name and continue to fund in future years as well. It is important to know the recipient must have earned income to open up a Roth IRA.529 College Savings Account: You can open an account under your name with the recipient listed as the beneficiary, or you can have the parent’s open one in their name with the recipient listed as the beneficiary and gift to the parent’s account.Stock: Consider gifting stock to the recipient’s favorite charity and use it as a way to educate younger investors.

Note: make sure to discuss these cash alternatives with your accountant to ensure you are making tax-efficient gifts. Also, talk to the person before opening any accounts with them as a beneficiary.

Other fun gift ideas:

Kiva card: This card gives the recipient a chance to loan to people in more than 80 countries so they can start businesses, go to school, and improve life for their families.

Link: https://www.kiva.org/gifts/kiva-cards

Money Savvy Pig: Start good money habits when they’re young!

Link: https://www.amazon.com/Money-Savvy-Generation-LMSP-Pink-Pig/dp/B002PNIQE2

Down payment on a home: This is perfect for engaged or newlywed couples!Gifting for a honeymoon: Honey Fund is a registry site that also allows individuals to accept financial gifts for their honeymoon.

Link: https://www.honeyfund.com

Melissa Dotson, CFP®, CSLP®

Financial Planning Associate

Melissa came to Narwhal in the summer of 2018 following the completion of her master’s degree in financial planning from the University of Georgia, where she also earned her bachelor’s degree in consumer economics. Her interest in the field started with learning about consumer behavior, specifically its relation with complex moneymaking decisions. Melissa recently received her CFP® Certification in January 2021. Working with a CFP® professional can help you find the path to achieving your financial goals. Your goals may evolve over the years as a result of shifts in your lifestyle or circumstances such as an inheritance, career change, marriage, house purchase , or a growing family. Melissa is here to help you through that process. When she’s not working, Melissa enjoys cycling, cooking, and spending time with her beagle and two nieces.

Let’s start the conversation.

At Narwhal Capital Management, you’re more than just a portfolio, and it’s not all about the numbers. Let’s start with a meeting about your needs and future goals.