660 Financial tips and laws for today and tomorrow

Here are the best tips for getting real financial value from unwanted gifts.

Tip 1: Return/exchange gifts quickly

Check the retailer's holiday return window and convert the unwanted gifts into store credit.

Tip 2: Sell unused gifts

List the unwanted items on local resale platforms like Facebook Marketplace at a slight discount.

Tip 3: Donate strategically for tax benefits

Donate new items to qualified charities and keep receipts so you can claim a charitable deduction if you itemize on your tax return.

Tip 4: Regift intentionally

You can set aside appropriate unused gifts for regifting on other occasions to reduce future holiday expenses.

Tip 5: Resell on specialised platforms

You can sell higher-value items like collectibles on specialized platforms like StockX or eBay Poshmark.

Tip 6: Move resale cash into savings

Deposit the money you earn from reselling gifts into a high-yield savings account so it earns interest over time.