It seems like dads don't receive as much attention and fanfare as moms do, but things may finally be taking a turn in their favor. The National Retail Federation recently reported that Father's Day spending is expected to reach a record high of $14.3 billion this year as more consumers plan to shower the leading man in their life with presents of all sorts, from tee times to power tools. The most popular gift choices include a special outing or fun activity, clothing, gift cards, electronics and a greeting card, according to the survey.
For those on a budget, you don't have to skimp on gift giving to show your dad you care; here are several strategies to save money on these sought-after presents for Father's Day.
Special Outing -- given by 47%
An activity or experience like dinner and a movie, a day at the ballpark or a round of golf are the most popular gifts for Pops this year. Though spending the day together and creating lasting memories are priceless, it's still important to mind your wallet -- your dad wouldn't want you to overspend, after all! Review daily deal sites like LivingSocial or Groupon for savings of up to 70% off on dining, spa and adventure activities. They even feature a Father's Day gift category filled with fun and unique ideas. For instance, you can save nearly 40% off a dinner cruise in New York or 67% off a snorkel with the sharks tour in San Diego.
Clothing -- given by 43%
When shopping for clothing for dad, steer clear of the tie section. Switch it up with a sports jersey, fitness wear or outdoor gear. You can find a nice selection of shirts, jerseys and baseball caps featuring teams of all sports and locations at Fanatics, plus promo codes for extra savings. If the mall is your go-to resource, make sure to download the Coupon Sherpa app for in-store savings at popular retailers. For example, you can currently find a Target coupon for an extra $5 off your $50 purchase.
Gift Cards -- given by 41%
Dads always spend money on their family and never on themselves. That's why a gift card is a great choice because your father can actually pick something out for himself! Personalize it by choosing a card to your father's favorite store, pub or restaurant. Shop online to save money by searching discount gift cards sites like GiftCardGranny.com for up to 25% off. For example, you can snag a gift card to Dick's Sporting Goods for 16% off, The Home Depot for 10% off or Morton's Steakhouse for 20% off.
Electronics -- given by 20%
For tech-loving fathers, a gadget makes good gift as long as it's something he actually needs. A motorized tie rack, for example, is a fun idea but a total gimmick that likely won't get much use. Instead, choose something he'll use regularly, like a new smartphone, headphones or fitness watch. Always make sure to compare prices using the Invisible Hand browser extension or name your own price through GreenToe.com. You can even find refurbished options for 20 to 40% less than brand new at popular retailers like Apple, Newegg, Verizon and Best Buy Outlet.
Greeting Cards -- given by 65%
Your dad may not seem like the sentimental type, but a loving note will be appreciated nonetheless. Though greeting cards represent the least expensive portion of your present, they're wildly marked up and a total waste of money at $3 to $7 a pop. Encourage the little ones to make their own custom cards or print a favorite photo with a special message on the back. You can also find a large selection of Father's Day cards at the dollar store for just 50 cents each. For those who always wait until the last minute, you can send an e-card instantly for free from AmericanGreetings.com or an Amazon e-gift card.