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| April 19, 2023

Father's Day: Thoughtful Gift Ideas for Dad on Father's Day

Society sometimes puts unrealistic expectations on a man. He is supposed to be the provider, to fulfill the needs of others before his. And in the daily rigmarole, sometimes our fathers couldn’t enjoy the finer things in life. The question remains the same every Father’s Day- what to get your dad when he seems to have everything he needs? How can you make a special day even more special? Well, we got you covered. In 2023, let Father’s Day be the best one ever! Father’s Day is the perfect opportunity for us to honour the man who taught us life skills and the meaning of honesty and integrity.

If you’re having a hard time coming up with Father’s Day Gift ideas, try some of the ideas below:

  • Club Membership: As life takes its course, our friends tend to drift away. In his senior years, help your dad develop new friendships with like-minded people. Club membership is a great way to meet new people. When searching for a club, look for the amenities and recreational activities they offer. Your dad will certainly appreciate this idea as a Father’s Day Gift.

  • Help with a Retirement Plan: Your dad must have already planned for his retirement but a little impetus is always welcome. You could consult a financial advisor for the best retirement investment options. For Father’s Day 2023, you could also consider gifting an emergency fund. This fund can help him with unplanned expenses or unforeseen situations without having to ask anyone for money. This could be one of the best gifts for your dad as it allows him financial freedom and dignity.

  • Gold Coin: Dads love to shower their children with precious gifts. How about you do the same? If you are looking for something valuable yet sensible, gifting a gold coin is an excellent idea for Father’s Day. Gold coins are made of the purest form of gold- 24-karat or 99.9% pure gold. He can either keep the coins as an heirloom for the next generation or sell them to generate cash in times of need. 8 Gram gold coins are quite popular as financial gifts. Beautiful designs, better security, and low investment risk- it is the perfect Father’s day gift. Do check out the gold coin rate for the day before making a purchase.

  • Book on Financial Literacy: Knowledge is indeed power. Your father may have some surplus cash or may have received an inheritance or property-sale proceeds. Rather than locking the funds up in a low-return investment, he could educate himself in managing his finances. This Father’s Day, gift your dad a book on finance and investment matters. Learning all about stocks, mutual funds, SIPs, insurance etc can help him plan his retirement investments better.

  • Gift of Health: It is a sad reality that our parents won’t be around forever. Hence, it is important to ensure that they lead an active and healthy lifestyle. If there’s a gymnasium or fitness center nearby, gift him a membership this Father’s Day. Working out for some time every day would help him keep fit and active. Apart from that, Health Insurance is a must for taking care of health and medical needs as one gets older.

  • Support a Business: A person who has worked hard throughout doesn’t like to sit idle. If your dad wants to turn an idea into a business, the best gift for your dad would be to support his passion. Do ask him if he needs guidance or monetary assistance and help him as best as you can.

  • A Family Tree: Can you recall the names of your great-grandparents or the generations before them? The same might be true for your dad as well. Gifting a family tree requires meticulous planning and research. Getting to know his family in detail will spark joy and nostalgia and he will love you for that. If you are up for the hard work, it could be the best Father’s Day gift you can get your dad.

Suggested Read: 4 INVESTMENT IDEAS TO CELEBRATE THIS FATHER'S DAY

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