Grow Your Money: Give Dad a ‘Break’ on Father’s Day

ABS-CBN News

Posted at Jun 12 2017 08:26 AM | Updated as of Jun 12 2017 08:48 AM

MANILA - Father’s Day is just around the corner. If your dad is always self-sufficient, and you’re at your wits end trying to think of what to give him on Father’s Day, why not consider giving him a “break” – that is, a break from spending? After all, your dad has been hard at work providing for the family, and a little break from all that spending would let him know that you appreciate everything he does.

Here are some ideas that your dad might welcome this Father’s Day:

Pay for this month’s credit card bill. Free your dad from the responsibilities of paying for everything he has bought for the family and himself by paying his credit card bill. All you really need to do is find the statement and head to the bank where you can settle the bill. Even if this is just for one month, it will help improve your dad’s cash flow and let him know that you care enough to unburden him financially.

Put gas in his car. Every dad will appreciate it if you refill his tank. Not only does this save him the trouble of having to go to the gas station himself, it will also let him know that you enjoy those car rides with him. While having his gas tank filled, have his tires and batteries checked. You may even want to make a side trip to the car wash for a quick cleaning.

Give him a one year voucher for a hair cut. Treat your father to a year’s worth of free haircuts and other treatments at his favorite barber shop. All you need to do is go to his favorite place and purchase vouchers or gift certificates they have on offer. You may also scour the internet for related treatments that he might like such as a back massage, pedicure, and the like.

 
Pay for the electricity bill. This is another good way to show your dad that you’re sharing in the responsibilities of running the household. Alternatively, you can choose to pay for other utilities such as the water, telephone, cable, and the like. Go for whichever suits your budget – remember that it’s the thought that matters.
 
Put some money in his investment account. Does your dad regularly put money in an investment account? Then put some additional funds this month for him. No matter how small the amount is, it will still show him that you are concerned about his future. If he doesn’t have an investment fund yet, open one for him. Check out the offerings of financial institutions for retail investors – you’ll surely find something in there for as low as P5,000.
 
Get him additional insurance coverage. Share in your dad’s concerns for the financial well-being of your family by getting him additional insurance coverage. There are many companies offering prepaid insurance. All dads tend to worry about the financial future of their families, and your gift will give him a little break from those heavy thoughts.

Get him his regular supply of maintenance medicine. If your dad regularly takes maintenance medications, this could run up to a small fortune. Give him a break by getting him a month’s supply (or more) of his usual medications. All you really have to do is check out what the doctor has prescribed for him. While you’re at it, you may want to throw in some vitamin supplements as well.

These are just a few suggestions on how you can let your dad know that you appreciate everything he does. With a little creativity and planning, you can definitely find something that your father will enjoy.

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Grow Your Money is an editorial partnership between News.abs-cbn.com and Citi Philippines to promote financial education and provide helpful information to Filipinos on how to better manage their personal finances.

Visit www.citibank.com.ph for more information.