What’s the true gift that keeps on giving? Saving money! It’s safe to say anyone can be better at saving money. The average American spends over $60,000 in one year. That’s more than the average American salary.

It’s safe to say we can all do our part by spending less. But what if you need to give a gift? If you’re trying to spend less money, buy a loved one a cheap gift that also helps them save.

Are you looking for money-saving gift ideas that are also nice to your wallet? Here are 5 inexpensive gifts that can save in the long run.

1. Coffee Machine

Does a loved one enjoy nothing more than a cup of coffee? Coffee is a simple joy in life.

But a cup of coffee is expensive from a coffee shop. To save money on a coffee habit, making coffee at home can save you more money than you think.

And the best part? Coffee beans and grounds are inexpensive. You can also buy a great coffee machine for less than $20. You’ll buy a great and cheap gift, and will give some low-key saving advice for your loved one.

2. Netflix Subscription

Does your significant other or someone in your household collect way too many DVDs? If they have a serious movie and TV show problem, buying all of those DVDs can rack up the cost.

Instead of buying another DVD, buy a Netflix subscription. Netflix costs about $8.99 a month and offers a variety of movies and TV shows. Amazon Prime, Hulu, and an IPTV box are also popular options.

There are also genre-specific streaming services. Examples include Shudder for horror films and TV shows.

3. Knitting and Sewing Supplies

We spend way too much on clothing – an average of $161 a month! Do you know someone who has a major shopping addiction? Rather than hosting an intervention, feed their addiction in a craftier way.

Sewing and knitting supplies are extremely cheap and can go a long way. Your loved one can make their own clothing and can even make a side business from their new hobby.

4. Cooking Supplies

Buying groceries and cooking at home can save some serious cash –$832 a year to be exact. But many people hate cooking or don’t think they can cook.

If you discovered the joys and money-saving benefits of cooking, pass the good deed to someone else. Cooking supplies are extremely useful and affordable.

Start with pots and pans or maybe some basic ingredients and spices.

Time to Buy These Inexpensive Gifts

Eating out, drinking coffee, and watching movies can be expensive. If you have a loved one with a bad spending habit, buying these inexpensive gifts will help them save without burning a hole in your wallet.

Who knew one gift could significantly save someone money and cut down on harmful spending habits!

Are you still stumped on gift ideas? Discover more gift advice as well as party ideas!