Gifts that Keep On Giving: Holiday Presents that Improve the Recipient's Financial Situation
For those of you that are financially conscious, or just like to get a good bargain, you’ve probably been carefully planning your holiday spending for a few weeks now. Scanning the weekend papers for good coupons, keeping an eye out for holiday-related sales and carefully budgeting how much you can spend on each gift to make sure you make the most of your money and avoid getting yourself into debt. I know some things that have worked well for me in the past include deciding what I want to get each person on my list before heading to the store (so I don’t make impulsive decisions while at the crowded malls) and start my shopping early (so I don’t feel rushed on Dec. 24 and end up spending more than I had planned).
But what about the flip side? Most of us have probably thought at length about how the holiday gifts we give impact our own finances (whether it’s in the budgeting stage, or after the fact when we get our credit card bill). However a recent article on Yahoo Finance made me stop to think about how the gifts I give this season may impact the recipients’ finances.