Giving a financially-savvy gift can benefit the recipient.
Money to pay down debt. Help someone save on interest payments as well as help the recipient feel more financially secure as he or she grapples with debt.
Piggy bank.Educate even the youngest children about money. They quickly learn the concept of putting coins in the bank, then using the coins to make a purchase later.
Sessions with a financial adviser. Paying for a sit-down with a financial planner, if only for one or two sessions, can help someone learn personal finance basics and give him or her the groundwork for starting to invest.
Cash toward a Roth IRA (individual retirement account). Starting a Roth IRA at a young age can be really beneficial.
Electronic gadgets with a twist. Add a financially savvy twist to gadgets such as tablets and smartphones with personal finance apps (like Sun Federal CU's app), many of which are free or inexpensive.
Books. Help family members and friends learn to manage money by giving them a book about the topic.
A financial jumpstart. Help a new grad or someone just getting back on his or her feet by offering your home as a place to stay for a month or two, or by helping to pay a security deposit or first month's rent.