Reduce, Recycle, Regift?

What are you going to do with those unwanted presents? Is it okay to regift them to someone else? And, is it proper etiquette to do so? The creators of www.regiftable.com say "yes" and have even designated a day to celebrate it. The Thursday before Christmas, December 17, has been declared as National Regifting Day.

Regiftable.com was created by the nonprofit Money Management International (MMI) to give people a fun way to learn more about regifting, and to start conversations on topics many people are reluctant to discuss holiday spending and financial worries.

"Consumers may have been hesitant to break tradition in the past, but this is the year everyone should consider adopting new holiday practices," says Cate Williams, vice president of financial literacy for MMI. "Instead of going broke this holiday season, consumers should consider bringing regifting out of the supply closet."

If you are thinking about regifting this holiday season, you don't want to be embarrassed and give the gift back to the original bearer or a mutual friend; and don't leave the previous gift card inside the package. You can visit the website for more regiftable tips.

Did you know? 60 percent of respondents in MMI's 2008 holiday survey say they regift or are considering do so.

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