There are an infinite number of gift-giving possibilities this holiday season. But during tough economic times, the best gift may just be one that saves the recipient some money.

Here are a few ideas:

Books. A few carefully selected books can help someone save their hard earned money or make 2009 the year they start to attack their debt. Check out books by Mary Hunt, Dave Ramsey, and other debt-beaters.
Cookbooks, home improvement books, and other how-to books can give people the tools they need to do things for themselves (and save money doing it!)

Kitchen Gadgets. One of the best ways to save money is to make your meals at home.  Having the right kitchen tools can help make cooking fun.

Magazines. What’s better than a useful gift? It’s one that arrives in your mailbox every month. Check out my list of 7 Magazines That Can Save You Money.

Gift Cards. The key to making this a personal gift is to really know the types of places the recipient shops. I also like to give gift cards to unexpected places: a grocery store, a drug store, a restaurant or movie theatre. When money is tight, people often appreciate being able to treat themselves to something nice. A gift card can make them feel special.

Gift baskets loaded with goodies. Here’s where you can really use your great bargain hunting skills. Use coupons, sales, and clearance items to assemble gift baskets loaded with snacks and candy. Or put together a basket of personal care items you got for free or nearly free using coupons. A well-thought-out collection of goodies can help the recipient stretch their budget and feel pampered at the same time.