Money Management International has tips on spending wisely this Christmas, as well as ideas for creative gift-giving. Tanisha Warner with the debt manager says re-gifting is one approach.
“You do want to make sure that it is re-wrapped, and — if it’s possible — to have it in its original packaging. That will be good. Also, you want to make sure that you keep track of the original giver. You don’t want to give back to someone who’s given you the gift! You wanna give gifts that are gonna be appropriate to the recipient. Re-gifting is not just to get rid of old, unwanted items. But really you should have the person in mind before you decide to give them a re-gift.”
Warner says crafting your own gifts can help save money, as well as create a personal touch.
“Baking is very popular. Baking also gifting your time. I think that’s going to be very popular this year, instead of buying a person a gift, maybe you, you know, give them a couple hours of yard work or babysitting. I know I would appreciate a gift like that, more so than maybe, you know, a sweater or something that I may or may not wear.”
Warner says more people are approaching Money Management International for help with credit card debt and other advice on budget, credit and housing.
Ed Mayberry, KUHF Houston Public Radio News.