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Is your dad still using his outdated flip phone?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. Markets

    How Does Flatiron School Work and Make Money?

    Examine the Flatiron School as it pertains to the product it offers; learn how it monetizes its product and the role the school plays as an industry disruptor.
  2. Stock Analysis

    Investing in Lumber Liquidators? Read This First

    Find out what investors should know before buying Lumber Liquidators shares. Learn about Lumber Liquidators' financial performance and operational outlook.
  3. Investing

    Have Commodities Bottomed?

    Commodity prices have been heading lower for more than four years, being the worst performing asset class of 2015 with more losses in cyclical commodities.
  4. Stock Analysis

    The Biggest Risks of Investing in Amazon Stock

    Find out which risks are most important to Amazon's shareholders. Learn which operational risks impact share prices and which financial risks affect investors.
  5. Entrepreneurship

    What’s a Good Profit Margin for a New Business?

    Surprisingly, the younger your company is, the better its numbers may look.
  6. Entrepreneurship

    What's a Good Profit Margin for a Mature Business?

    How to determine if the amount you clear dovetails with the competition.
  7. Investing Basics

    How Profits Will Be Made As The Globe Heats Up

    Climate change will harm earth and its inhabitants in various ways, but certain industries will see increased profits as a result.
  8. Stock Analysis

    4 Things to Consider Before Jumping Into the Ferrari IPO

    Understand what is prompting the Ferrari merger and its possible success. Learn about the top four things to consider when investing in this IPO.
  9. Investing Basics

    How Dividends Affect Stock Prices

    Find out how dividends affect the price of the underlying stock, the role of market psychology and how to predict price changes after dividend declaration.
  10. Investing Basics

    An Example of Dividends in Arrears

    Learn about the concept of dividends in arrears and which shares of stock guarantee payment of accrued dividends even if the company doesn't turn a profit.
  1. 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 >>
  2. 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 >>
  3. 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 >>
  4. 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 >>
  5. How is the marginal cost of production used to find an optimum production level?

    The marginal cost of production can be tracked to show the optimal production level where per-unit production cost is lowest ... Read Full Answer >>
  6. What factors make it difficult to compare performance ratios between retail stocks?

    Companies that operate in the retail sector significantly differ in terms of their profitability and efficiency, making stock ... Read Full Answer >>

You May Also Like

Hot Definitions
  1. Purchasing Power

    The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing ...
  2. Real Estate Investment Trust - REIT

    A REIT is a type of security that invests in real estate through property or mortgages and often trades on major exchanges ...
  3. Section 1231 Property

    A tax term relating to depreciable business property that has been held for over a year. Section 1231 property includes buildings, ...
  4. Term Deposit

    A deposit held at a financial institution that has a fixed term, and guarantees return of principal.
  5. Zero-Sum Game

    A situation in which one person’s gain is equivalent to another’s loss, so that the net change in wealth or benefit is zero. ...
  6. Capitalization Rate

    The rate of return on a real estate investment property based on the income that the property is expected to generate.
Trading Center
You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!