Do’s and Dont’s of Regifting

In response to the recent economic slump, people are finding more creative ways (buying online, debt consolidation, credit counseling) to save money, stretch their budget, and avoid bad credit.  What about re-gifting?

Have you thought of “re-gifting” a gift that was given to you?  Maybe it’s something that does not really suit your style or something that you already received twice, will you “regift” if you were tight on the budget?

I haven’t tried re-gifting but I wouldn’t mind being given a “regift” as long as the person giving it to me gave it lots of thoughts to make sure that I will like it, and has given the extra effort to wrap it nicely and with love.

Consider these do’s and don’ts of re-gifting:

Don’t mention it.  The other person does not need to know it.

Don’t re-gift a used item.  It doesn’t matter if you have only used it or worn it once.  If you want to give someone something that you already used, then don’t disguise it as a gift.

Don’t make it obvious.  Some things must never be re-gifted – items that are undeniably unwanted, cheap, old (has been in your closet for a  year) or obsolete.

Remember who gave it.  Make sure that you are not giving it to the person who gave it to you.  Also, make sure that you will not give it to someone who KNOWS the person who gave it to you.

Wrap it nice.  Please don’t use the old box or wrapping paper even if it still looks new.

Re-gift something of value.  A bottle of champagne for instance will always be a welcome gift even though it has been sitting on someone else’s bar for years.

Make sure that the next person will like it.  If you want to regift, see to it that the person you will give it to will sincerely like it, if not love it.

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