There are so many aspects to correct money management. From learning how to spend responsibly, to beginning to make your plan for savings – and even sorting out the repayment of any loans you owe through a service like debtconsolidation.co – there are lots of large themes to learn about. But it’s also true that if you look after the small things, you’ll have better overall financial health.
At this time of year, you may have received a few gifts, and if they’re unwanted then it can be hard to know what to do. You can regift them to someone who would appreciate them more, and make a saving on gifts you would have bought through the year. It’s important to do it sensitively, without upsetting someone in the process. Here’s how to regift the right way:
Get The Recipient Right
The problem has occurred because someone has chosen incorrectly in matching you to a gift- so if it’s a case of regifting, make sure that you select the recipient carefully to avoid a similar mishap. So if you receive a book on baking, but you never make cakes, regift it carefully to someone who loves to cook – but not that is diabetic. Our careful thought into your selection of recipient.
Make Sure Its Unused
It should go without saying, but it’s completely unacceptable to regift an item that you’ve opened or used in any way. An out of fashion sweater that’s been sat in your closet for years, a partly- used gift card or opened toiletries are never, ever okay. You can still give them away to someone who may appreciate them – but don’t present them as a gift.
Wrap It Up Beautifully
It may be a regift, but beautiful wrapping is an absolute must. Keep it in the original packaging and give it just as much care and attention as a brand new item. If the outer packaging is damaged, again you shouldn’t be presenting it as a gift. Find some creative gift wrapping ideas and make it as special and appealing as you can.
Try a Gift Exchange
If you have friends in the same predicament, you could try organising a gift swapping evening. People come along with anything unwanted they have received, and exchange it for items they would like. Everyone gets a second shot at something!
Make Sure The Recipient Is In a Different Circle
You want to make sure that your intended regifting recipient is highly unlikely to ever come into contact with whoever you received the gift from originally. So separate out co-workers, friends and family and never regift from within the same circle.
See If You Can Get Store Credit
If you know which store the item came from, then you can try seeing if you can return the item for store credit. You won’t be able to get a refund, but store credit can be used to buy a gift for someone else or even to get something that is more to your taste.