It's tough to shop for dads. While some dads have strong personalities with clearly outlined wishlists, others just aren't materialistic - at all. Nevertheless, dad deserves a great gift but the very best Father's Day presents don't cost a lot of money.

IN PICTURES: 6 Outrageous Billionaire Purchases

With a little bit of strategic forethought, you'll be able to give your dad a gift that never stops giving. Here are some ideas that will help your dad save time and/or money over the coming year. As life continuously reminds us, "time is money", so make the most of yours and his with the following gift options.

Spring Cleaning Supplies That Help You Save
Why Spring Cleaning Helps Us Save: 3 More Reasons
Savings Strategies For Wedding Gifts

1. Stocks
Believe it or not, stock is an excellent gift for dads. Whether your dad is a novice or experienced trader, he will appreciate your forethought and the opportunity to engage in this challenging and strategic activity. Take some time to learn about the market, and on Father's Day, share what you've learned with your dad. Make the stock market a fun activity you can pursue together. He'll love this out-of-the-ordinary gift - especially if you make a winning pick!

2. Computer Battery Backup
This is a great gift for anyone, particularly those who worry about the files stored on their computer. This is particularly true if your dad uses his computer for accounting and banking. Next time the power goes out, your dad will have enough time to save his files. Plus, he'll think of what a great son or daughter you are every time he does it.

3. Day Trip
Who says that ROI is only about time and money? An often-ignored important return on investment is happiness. Chances are that your dad would enjoy some quality time with you, so consider organizing a day trip around his favorite activity, such as golf, hiking or a baseball game. You needn't spend a ton of money or travel a long distance - just pick something thoughtful you can enjoy together.

4. Kitchen Gadgets
If your dad has a favorite food he often orders in a restaurant, buy him cooking supplies and teach him how to make his gourmet favorites. He'll be able to make his favorite dishes over and over - and save the cost of eating in a restaurant.

IN PICTURES: 5 Ways To Trick Yourself Into Saving Money

5. A Smartphone
Is your dad still using his outdated flip phone? That phone may have been top of the line back in the day, but the time for an upgrade has definitely arrived. A smartphone will help your dad streamline his busy life, whether he's out shopping, scheduling appointments, or staying in touch with family. Surprise him, or go with him to the store to upgrade his plan. Help him learn the ins and outs of his new gadget, so that he's up and running before the day ends.

6. Exercise Equipment or Classes
This may not be a gift everyone would like, but a healthy life is a happy one. Good health also means fewer trips to the doctor. Find an activity or piece of equipment your dad will enjoy - and actually use. Your dad's health is his biggest asset, so this is one gift with great return on investment for both of you.

The Bottom Line
Time, money, health and happiness are the most important returns on investment. You know your dad best, so you'll also know what benefits him most. This Father's Day, think beyond that one day in June to find a gift that keeps on giving year round.

Related Articles
  1. Stock Analysis

    Analyzing Sprint Corp's Return on Equity (ROE) (S)

    Learn about Sprint's return on equity. Find out why its ROE is negative and how asset turnover and financial leverage impact ROE relative to Sprint's peers.
  2. Stock Analysis

    Analyzing Oracle's Return on Equity (ROE) (ORCL)

    Learn about Oracle's ROE. How have net profit margin, asset turnover and financial leverage influenced ROE relative to peers and historical performance?
  3. Stock Analysis

    Analyzing Chipotle's Return on Equity (CMG)

    Learn about Chipotle's return on equity (ROE), read about restaurant closures and Chipotle's E.coli outbreak, and gain knowledge about the fast-casual food system.
  4. Stock Analysis

    Caterpillar's 3 Key Financial Ratios (CAT)

    Investigate how dividend payouts may have supported Caterpillar's investment worthiness in times of its sales slumps and earnings contractions.
  5. Stock Analysis

    Yelp's 3 Key Financial Ratios (YELP)

    Find out why Yelp's current high sales growth rate may be misleading, and understand how the stock is overvalued absent solid sales and earnings improvements.
  6. Stock Analysis

    Procter & Gamble's 3 Key Financial Ratios (PG)

    Understand how sales growth has become a bigger challenge for Procter & Gamble and what impact it has on the company's profitability and stock valuation.
  7. Investing

    How to Use Earnings Season to Make Better Decisions

    Earnings season reflects the state of the stock market, but also demonstrates how the overall economy is performing.
  8. Stock Analysis

    Dish Network's 3 Key Financial Ratios (DISH)

    Understand why some key financial ratios for Dish Network are universally worse than its peers' and the industry average and how Dish may change all that.
  9. Stock Analysis

    Costco's 4 Key Financial Ratios (COST)

    Understand why low profitability ratios are good for Costco's business, have not hurt shareholder returns and, as a result, remain a boon to its stock.
  10. Economics

    Warren Buffett's Probability Analysis Advantage

    The principle of elementary probability lies at the core of Warren Buffett’s investing philosophy.
RELATED FAQS
  1. What is the formula for calculating EBITDA?

    When analyzing financial fitness, corporate accountants and investors alike closely examine a company's financial statements ... Read Full Answer >>
  2. How do I calculate the inventory turnover ratio?

    Managing inventory levels is important for most businesses and this is especially true for retailers and any company that ... Read Full Answer >>
  3. Why is working capital management important to a company?

    Proper management of working capital is essential to a company’s fundamental financial health and operational success as ... Read Full Answer >>
  4. What is a profit and loss (P&L) statement and why do companies publish them?

    A profit and loss (P&L) statement, or balance sheet, is essentially a snapshot of a company's financial activity for ... Read Full Answer >>
  5. What is the difference between the return on total assets and an interest rate?

    Return on total assets (ROTA) represents one of the profitability metrics. It is calculated by taking a company's earnings ... Read Full Answer >>
  6. How can I find net margin by looking a company's financial statements?

    In finance and accounting, financial statements represent the fundamental means of analyzing a company's financial position, ... Read Full Answer >>
Hot Definitions
  1. Black Swan

    An event or occurrence that deviates beyond what is normally expected of a situation and that would be extremely difficult ...
  2. Inverted Yield Curve

    An interest rate environment in which long-term debt instruments have a lower yield than short-term debt instruments of the ...
  3. Socially Responsible Investment - SRI

    An investment that is considered socially responsible because of the nature of the business the company conducts. Common ...
  4. Presidential Election Cycle (Theory)

    A theory developed by Yale Hirsch that states that U.S. stock markets are weakest in the year following the election of a ...
  5. Super Bowl Indicator

    An indicator based on the belief that a Super Bowl win for a team from the old AFL (AFC division) foretells a decline in ...
Trading Center