Deck the halls with re-gifts
Expect to see more recycled gifts under the tree this year, survey finds.
Do I feel guilty about regifting? A little. But my dad won't care. And my friend probably won't either. It's going to a good home. And, I admit, I am relieved at having one less present to buy this holiday.
More Americans are doing the same thing, a new survey shows. About 36% of us plan to recycle a gift this year, up from 31% last year and 24% in 2007, according to Consumer Reports.
I suspect the percentage is higher than that, since some people probably won't admit to regifting.
So is it OK to regift? Under the right circumstances, why not? MSN's MP Dunleavy lists some smart rules for recycling gifts. Take the time to rewrap them, she writes, and don't spoil the occasion by admitting that they are recycled. Don't regift anything you've already used, and don't regift cheeseball things like fruitcake, pens or extinct bath products.
The Consumer Reports poll also found that a third of Americans plan to spend less this year than last year, while about half plan to spend the same amount, according to the Los Angeles Times.
And people are cutting back on overall holiday spending, including plane flights and decorations. About two-thirds of the people polled said they would spend less overall.
So I've come clean and disclosed my regifting plans. What about you guys? What are you thinking about recycling?
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
ABOUT SMART SPENDING
LATEST BLOG POSTS
A new survey by MoneyRates.com gives a glimpse into what a little financial education can do.
VIDEO ON MSN MONEY
BLOGS WE LIKE
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'