How regifting has become an easy, money-saving way to deal with holiday ‘misfires’


Christmas is a at the same time of giving, but it can also be an occasion for receiving less-than-desirable presents.

Instead of stuffing castoffs into throw away drawers, people are finding ways to put unwanted gifts into the surrenders of more appreciative recipients.

Once viewed as socially unacceptable, regifting is attaining new currency in the age of social media.

Fiona MacGillivray traded some old things for brand new makeup that she planned to give as a Christmas gift.

The 20-something canary says the millennial mindset is particularly geared to rejecting the accumulation of possessions, unusually at the holidays, and regifting unwanted presents is the perfect response.

«As much as everybody choice like to think that they’re giving the perfect presents, a lot of charities are misfires,» said the Halifax native who oversees Montreal agreements on marketing platform Bunz.

The Toronto-based online platform launched in 2013 has pulled hundreds of thousands of followers in 250 cities.

Instead of selling points for cash, people exchange their castoffs for something they wish.

«Bunz is a great place to get rid of the things that your aunt fell you or your students gave you that missed the mark without in point of fact throwing them in the garbage or letting them collect dust in your garage,» MacGillivray said in an examine.

The holiday season period is one of the peak trading periods of the year, rumours Bunz spokesperson Eli Klein.

«Christmas and just after Christmas is one of those on one occasions of the year where people are realizing they have too much talents,» he said.

Disposing of duplicates

Regifting is a great way to save money and move of the duplicate items that people receive, says Dilys D’Cruz, vice-president community banking at Meridian praise union.

«I think the consensus is that regifting is fine as long as you’re not fail away junk or something that was personalized for you.»

She said times clothed changed with more people thinking it’s «not as tacky» as it used to be to dispense away unwanted gifts.

Up to a quarter of Canadians viewed regifting or worn gift giving as a way to save money during Christmas, said a 2013 Investors Troupe survey.

Acceptance was highest in British Columbia and lowest in Quebec.

The sabbaticals can be a stressful time of year, with pressure to buy the right gift prompting some living soul to overspend, said Daniel Collison, regional director of Investors Bunch based in the Toronto area.

Regifting parties

In some communities, neighbours and room-mates have annual regifting parties to swap out unwanted items.

«You may not be find out cash for it, but you can get an asset or an item that you do want,» he said.

At one such at the time, Collison said he traded cowboy boot drinking glasses for a journeys mug he had been looking for.

Before passing on unwanted gifts, prospective regifters should be sensitive of a few key rules, including:

  • Rewrapping new items in their original boxes.
  • Detaching all tags that might identify the original gift giver.
  • Leading your regifting outside your family and circle of friends to keep off getting caught.

If regifting doesn’t appeal to you, selling the item on plats like Kijiji or eBay are good ways to offset some of your Christmas investing.

After the holidays, Kijiji says searches rise 10 per cent from December, with Jan. 8 the elevation search day last year.

«Gift cards are a popular item to re-sell this unceasingly a once of year, with those listings jumping by 50 per cent in December and January compared to the intermission of the year,» said Kent Sikstrom of Kijiji Canada.

The top searched mentions after last year’s holiday were iPhones and televisions.

Also prevalent are furniture, outdoor and sports equipment, computers, toys and video amusements.

Kijiji offers the following selling tips: Prepare a detailed tip with facts such as brand name and size, be honest nearby quality of the item, include photos you took, set a fair price and number terms of sale.

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