What to do with unwanted Christmas presents

by Money Doctor Monday 24 December, 2007

Let's be honest, most of us get at least one Christmas present we really don't want...

The question is, what should you do with it?

There are always a few options:

  • Hide the gift -always a good choice but tricky if you forget to put it on display or wear it when the giver visits you
  • Burn the item -a bit draconian we admit, but certain gifts do deserve it. However think of the pollution factor and possibility of the item exploding etc.
  • Sell the gift on eBay -you could make a tidy sum on a gift that cost you nothing.
  • Give the item away - probably the wisest move (unless you are daft enough to give it back to the person who gave it you originally!)
In fact the last option is definitely the most popular choice for most of us.

Did you know that we are set to recycle 73 million unwanted presents this Christmas? In fact we are passing on presents worth an estimated £264 million!

A survey by Citi shows that over 50% of us receive an average of three unwanted Christmas gifts (although we don't know what percentage of that is socks), and almost half of these are given to someone else.

You girls are the most prolific recyclers, with nearly half of you admitting to giving second-hand gifts compared to only 40% of us boys.

But 37% of you who were polled have discerning taste; saying you only pass on "nice" presents to others!

Alison Wright, chief marketing officer at Citi UK commented on their survey:

"A great number of us are missing the mark when it comes to buying the perfect Christmas gift. But it is important to remember who gave each gift to ensure you do not commit the ultimate Christmas faux pas -- and give somebody their unwanted gift back by mistake."
Wise words indeed!

So, if you end up getting a present you wish to see the back of, what are you going to do with it?

Why not let us know?

The worst Christmas present ever?

Categories for this post: More Money Stuff

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Comments

fashionbird says:

Saturday 29 December, 2007 / 10:12

its so sad to think about all those unwanted gifts. to think that some one felt under presure to get you it AND the cost of it will sit on their credit card for years costing them 10 times the amount!
is this what christmas is all about?
our family are making a pack to only send food presents next christmas (unless of course you are a small children requiring the latest fad!)

bah-humbug says:

Saturday 29 December, 2007 / 23:12

I think money in the card is always a winner, not vouchers though . You can pill the cash together and buy something you really want, Vouchers are not good for this as you have to buy at that particular shop and you get a vouchers for different shops, rubbish! I got a £5 voucher some time ago and poped in a christmas card this year, we all recycle in ower own way!

andrea says:

Sunday 13 January, 2008 / 00:01

Bah - humbug, I do agree!. I found out recently though that my local shopping centre (which is quite a substantial one, with most high street shops)actually sells vouchers to be spent within the shopping centre and withit comes a list of about 50 shops that signs up to the scheme , John Lewis, HMV, Warehouse - to name a few. I bought one for a friend of mine who was made up with it!
So if you have a shopping centre it mignt be worth going to the customer service bit of it and asking !

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