Open a savings account for the child and make the initial deposit. This introduces the concept of saving money, and over time, the child can watch the balance grow.
Gift shares of a stock or contribute to an investment account on behalf of the child. This can serve as an introduction to the stock market and long-term investing.
Contribute to an Education Savings Account (ESA) or a 529 Plan to help save for the child's future education expenses.
Board games or online games that teach financial concepts in a fun and interactive way can make great gifts.
Give books that are designed to teach kids about money, saving, investing, and other financial concepts.
A physical piggy bank or money jar is a tangible way for kids to start saving loose change and small amounts of money.
Instead of generic gift cards, consider gift cards that promote financial responsibility.