Given the tighter economic times we live in, the subject of Re-Gifting for Christmas has come up again in many conversations I have had with different folks. May as well get into the festive spirit and start this deep financial discussion up, about whether regifting (or giving someone a gift you previously received) is gauche or not.
As a method of de-cluttering your house, regifting can be a very effective technique for clearing out junk that is in your basement. If you have 4 deluxe cheese straighteners or worse 4 calling birds and you feel you don’t need these backups, giving them to your friends might be a good thing (for your basement). If your friend is in dire need of either of these gifts, they would appreciate receiving it as well (and thus it is a Win-Win for you).
From a Personal Finance point of view, regifting is ideal, because you don’t spend any money on it (OK, you bought wrapping paper, but that better be it), which is just fantastic!
I know of one very fun Christmas party where you brought a gift, but it had to be a re-gifted gift, and then we had to pick a present, but then the next person could take your gift, or one from the pile of gifts. This ended up being a great deal of fun, and a lot of crap left folks’ basements too. The only unfortunate part was that some folks took their new found crap home (I left mine at the bar).
The best type of regifting would be to simply find useful things and donate them to Goodwill or the Salvation Army (no they don’t want your Deluxe Cheese Straightener either). This is the highest level of regifting, and if anyone asks where the present went that you gave them, say you gave it to the Goodwill, because you thought it was that good of a gift, or you could simply say it got broken and you had to throw it out (the danger then is your friend might buy you another one, with this answer).
A Simple Rule of Regifting
I don’t really have a big problem with folks Regifting stuff I gave them, but I do have one very simple rule:
Big Caj’s Only Rule of Regifting: Don’t give me back something I gave you, or I will urinate on your front steps
I believe I did amend that rule to also include Fruitcakes (the confectionery thing, not other uses for that word), anybody who gives me a Fruitcake, please expect some yellow ice on the walkway.
I may have other helpful holiday gift ideas as the season approaches, but if you have other good gift ideas, please send them to me, I’d love to hear them.
Ho, Ho, Ho….