Holiday Gifts That Cost Next to Nothing

Pass along a book: Scan your bookshelves for a book your friend or family member might enjoy, and write a thoughtful note inside the cover. Try to select a volume that's in good shape and that has some character. First editions make especially good gifts and are often quite valuable.

Cook something tasty: Make cookies or candy for someone with a sweet tooth. For a more health-oriented recipient, bake a loaf of bread or a batch of granola. You could also make a coupon that says you'll cook dinner on a date of the recipient's choosing. Allrecipes.com offers an array of recipes for food gifts.