5 Ways to Gift Money Digitally
Whether it’s a birthday, anniversary, graduation, or any other special occasion, gift-giving is an important part of showing someone how much you care.
If you want to give a gift that can be used all year round, consider gifting money digitally. Here are some advisable ways you can gift money digitally.
1. Surprise them with a gift card
Sending a gift card is a great way to give someone exactly what they want, and it’s super easy.
It’s also one of the more impersonal gifts on this list, which means you might not have to worry about whether or not they already own that book you picked out for them.
The first thing you need to do is decide what kind of gift card you want to send—physical or digital?
If you know your recipient well enough, we recommend going with an e-gift card (which can be emailed directly from Amazon).
But if it’s someone who isn’t as close to you—like an acquaintance or your boss—physical cards are more appropriate. Either option works perfectly fine here!
2. Contribute to a cause they’re passionate about
Giving money is a great way to show someone you care. It’s also (relatively) easy as long as you know what causes they support and what their preferred method of giving is.
If you’re not sure where to start with your gifting, ask them if there’s any cause they’re passionate about.
If they say yes, ask them why they feel so strongly about it and then get a little more specific.
Do they support the organization that’s working towards that cause? Are they involved in volunteering efforts or have donated in the past?
Where do their funds go when they donate? What kinds of causes does this person typically support?
Is there anything else unique about how this individual makes charitable contributions?
Once armed with this info, it’ll be easier for you to get creative with your digital gift giving!
3. Invest in an asset
Investing is a great way to give the gift of money that keeps on giving.
Rather than spending your money on a fleeting experience, you can invest it in an asset—like stocks or real estate—that will likely increase in value over time.
You’ll be able to see your investment grow, which makes the recipient feel more like they’re receiving the gift of security than they would if you’d given them cash.
If you decide to go this route, make sure you choose wisely! There are lots of different ways to invest—bonds, stocks and mutual funds are just some examples.
You should also consider what tax implications may come with each type of investment before deciding which one is right for your situation (and theirs).
Before purchasing assets, you may want to seek advice from a financial advisor first.
4. Buy them a service
If you’ve ever prepaid for a service on your payday, such as a spa day or meal at a nice restaurant, you know that it can be great for both parties.
The gift recipient gets to have some fun or relax without worrying about having enough money to pay for the experience.
And the person giving the gift gets to provide something their loved one will enjoy as part of their self-care without having to worry about getting them the wrong thing.
Also, you can even make a day out of it and spend quality time together.
Whether this is for your friend or partner, there’s no reason why spending the day at a spa can’t be memorable and fun!
5. Use cashback
If you’re a regular shopper, this is probably one of the easiest ways to give cash as a gift.
All you have to do is sign up for a store-specific cashback program and make sure that your friend or family member does too.
Then, every time they buy something from someone else using your link (whether it be an item on Amazon or AliExpress, the store will reward both of you with cashback in addition to any sale discounts.
Once you know how much money they should receive from their usual shopping habits, send them an email saying that they can take X AED off their next purchase by clicking here!
Then include a link where they can redeem it.
Gifting money digitally is becoming more popular because it’s fast and convenient.
You don’t have to worry about shipping or mailing a check, which can take days or weeks. You also don’t have to worry about cash being lost or stolen in transit.
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