re: Good gifts for a 5yr old that likes the outdoors.

Look, I know you said 50 bucks yet I have to say one of the best gifts I have ever received was a Louisiana lifetime hunting and fishing license when I was a kid. Currently they're 200-500 bucks depending on the kids age. I got mine for a birthday present when I was 13 from my dad. I hunt and fish many species and the 200 he spent over 20 years ago would not cover 2 years of licenses now plus the headache of actually having to go get it every year. I also lived in Texas for 10 years and did not have to pay out of state fees. I know they have lifetimes in other states too if he is not in LA. I know that does not help the budget yet maybe you could get creative and go in with others etc