Presents that encourage savings and reduce debt can be a lot more meaningful than another gadget

Forget about buying your loved ones sweaters or gadgets this holiday season. Instead, consider giving a financial gift.

Not cash or a check stuffed in an envelope. Think of gifts that can help a person save for college or deal with a big expense, or teach them how to manage their money more effectively. Some gifts may even help the giver save on taxes.

Here’s a look at four financial gifts to consider:

1. Buy time with a professional
2. Help fund a college education
3. Pay a bill
4. Make a donation