Present shopping is well and truly in full swing with only days left until Christmas Day, and while you could battle for a carpark at the major shopping centres to buy those final few gifts, sometimes re-gifting seems like the better option. But is it okay to re-wrap a present you have been given and gift it to someone else?
It’s a topic which divides the population with some arguing if you’re not going to use it, then why not give it to someone who will? While others consider it a rude and unthoughtful move.
But one things for sure, it will save you a lot of money and help you to stick to your budget. However, if you’re considering re-gifting, you should at least follow a few rules to avoid any bad blood between family members and friends.
Don’t just re-gift something because you can’t be bothered competing with other shoppers in the lead up to Christmas. The gift should at least be something that the person will like, so if your work mate gets easily sunburnt and doesn’t enjoy the outdoors, don’t give them a tent.
The present should be something that you would otherwise buy them from the shops. It’s just a bonus that you already have it and don’t have to spend any extra money.
Make sure to re-wrap the present and give it a new gift tag before handing it over to the new recipient. The last thing you want is for them to see it was originally meant for you, and you couldn’t even be bothered making it look nice for them.
You may not like the gift that your sister gave you, but if you know she put a lot of thought into the gift and went out of her way to get it for you, then you probably should just keep it. It would be a real stab in the heart if she asked you one day where the present had gone and you told her you no longer have it.
If you’ve been passed down grandad’s special candle stick or grandma’s broach then don’t just give it away. While you may not want to put it on the mantlepiece for everyone to see, it may hold a lot of importance to the family and shouldn’t be passed on to someone else.
Even if you don’t like the present one of your friends gave you last year, don’t gift it this time around to someone else in the same friendship circle. It could lead to an embarrassing situation if they found out what happened and feelings could get hurt.
Instead consider giving it to one of your work colleagues or family members who you know will love it.
Important information: The information provided on this website is of a general nature and for information purposes only. It does not take into account your objectives, financial situation or needs. It is not financial product advice and must not be relied upon as such. Before making any financial decision you should determine whether the information is appropriate in terms of your particular circumstances and seek advice from an independent licensed financial services professional.