Transcript
How many times have you ever had to run out to buy a last-minute gift and ended up spending more money than you wanted to?
From teacher appreciation gifts to presents for a party, we’ve all rushed out last-minute to grab something to give.
But the couponing site SouthernSavers.com says creating a gift closet will stop that and help you save money.
Here’s how it works:
Think about the occasions in which you typically need gifts.
Then stock up during sales or a clearance.
For instance “Thank you” presents for teachers.
If there is a deal on gift cards, coffee or other small items, think about buying them and set them aside for the end of the year.
Do the same for birthday parties.
When you find a toy on sale and think it could make a great present, go ahead and get it.
Southern Savers says January is a great time to find deals on toys.
You can also stock up on gifts for graduation, housewarming, baby showers and presents for your own children.
The website says buying now will help you save later.
And while some people may be against the idea of regifting, it can help you save money too.
If you get a gift that’s not your taste, put a sticky note on it with the name of the person who gave it to you so you don’t make the mistake of giving it back to them later.
And never regift in the same circle of friends to avoid hurting someone’s feelings.