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‘Tis the season for gifts

Date: Dec 12th, 2013

If you’ve been looking forward to those year-end celebrations, then organising your gifts—what to give and who to give it to—can’t be too far from your mind. 

For the late shopper

Been a bit busy these past few weeks to stock up on presents? Technology can help! These apps could help make your shopping experience a smoother and more meaningful one.

  • Take the pain out of offline and online shopping with these iPhone apps: Toast, Wrapp, RedLaser, eBay and Amazon.  

  • Help find deals, amass coupons and check prices with these Android apps: RetailMeNot, ShopSavvy, eBay and Amazon

A new home for unwanted gifts…

Another idea is to re-gift, because Santa doesn’t always get it right. Paisley ties… garden gnomes… all-in-one travel utensil sets. We’ve all been there. Your Christmas presents are usually a mixed bag. And along with the concert tickets and the new set of clubs, there are always some gifts that you’re not going to use in a million years.

But remember, one person’s trash can be another person’s treasure. In fact, re-gifting is becoming more socially acceptable, with a recent study finding that original givers are less bothered about where their gifts end up than you might think.[ 1]

Gaudy ties may not float your boat. But there’s always an ageing hipster out there on the lookout for something to complete his retro look.

So, come Boxing Day, what do you do with those unwanted Christmas presents?

  • You can donate to a charity such as the Salvation Army or St Vincent de Paul – look for a Salvos or Vinnies shop near your home.

  • You can sell online through eBay or Gumtree – it’s an easy way to give away something you don’t need, while making some money as well.

  • Or you can save up to hold a garage sale– it’s also fun way to connect with your neighbourhood and community. Either hold your own, or jump on board the annual garage sale trail  to find sales and to download the app. You can also use the ebay price guide to help price your gifts.

 

 
Did you know?
[ 2]

  • 14.3 million       – number of unwanted presents received this year

  • $475 million       – value of unwanted Christmas gifts.

  • 54%                  – Australians who have re-gifted an unwanted present

  • 10%                  – Australians who have been caught re-gifting

  • 27%                  – number of Australians hoping for unwanted gifts they can sell online

  • $65                   – average cost of an unwanted gift

  • 18%                  – Aussies who have sold a previous unwanted item for $100 or more

 

What you need to know

Any advice in this document is general in nature and is provided by AMP Life Limited ABN 84 079 300 379 (AMP Life). The advice does not take into account your personal objectives, financial situation or needs. Therefore, before acting on this advice, you should consider the appropriateness of this advice having regard to those matters and consider the product disclosure statement before making a decision about the product. AMP Life is part of the AMP group and can be contacted on 131 267. If you decide to purchase or vary a financial product, AMP Life and/or other companies within the AMP group will receive fees and other benefits, which will be a dollar amount or a percentage of either the premium you pay or the value of your investments. You can ask us for more details.

[1] The science behind gifting. (03 December 2012). online.wsj.com.

[2] Gumtree Galaxy Christmas Survey 2012 in Millions of unwanted gifts to go on sale after Christmas: survey. (26 December 2012). news.com.au.

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