5 Frugal Ways to Take Care Of Dad On Fathers Day

NEW YORK (TheStreet) -- Fathers Day is only days away, and the mission for family members is to treat dad like a king for a day without spending a king's ransom on gifts and swag.

That's no knock against dad, although Fathers Day is the "smallest of the gift giving holidays," according to the National Retail FederationThe NRF says spending on Fathers Day this year will top $12.5 billion, or $113.80 per gift giver, down from $119 last year.

Consumers will likely try to get creative and stick to a budget when picking up presents.

"As we saw with Valentines Day and Mothers Day this year, consumers are keeping to a strict budget," says Pam Goodfellow, consumer insights director at Prosper Insights, a consumer analysis firm. "Whether they spend $10 or $100, millions of Americans will find creative, affordable ways to show dad how much they care."

The good news for sons, daughters and moms? 

There are many ways to shop creatively for Fathers Day without doing too much damage to the bank account.

The Boston-based nonprofit American Consumer Credit Counseling has a set of budgeting tips that can help take care of dad "in a both thoughtful and budget-friendly" way.

"The important thing to do on Fathers Day is simply to show dad that you care," says Steven Trumble, chief executive at ACCC. "You don't have to spend a fortune to let dad know that you are thinking of him. There are plenty of ways to demonstrate your gratitude without breaking the bank."

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