Gift Closets Keep You Prepared For Last-Minute Gifting

All of us have experienced occasions where we've had to go shopping at the last minute for a relative or friend's last minute birthday celebration. Building a gift closet means that we not only have quality gifts on hand at all times but also that we bought the gift when it was the most affordable.

Photo by Steven Depolo

Personal Finance blog GetRichSlowly offers these tips for building a gift closet:

  • Make a list of the people in your life you buy gifts for and what types of gifts they enjoy. That way when you see a package of fancy teas on clearance you can pick it up knowing that Aunt Edna really loves to try new teas.
  • If you wait until the last minute, you are likely to spend more money on gifts. You may be tempted to stop by the first store you see on the way to a baby shower, but if you plan ahead you can get a quality label newborn outfit for really cheap at a post-holiday clearance sale.
  • Group deal sites can really expand your gifting budget. Your sister may love to shop somewhere particular, and if a $20 gift certificate for $10 deal comes up you've just taken care of her next gift.

So to save both money and time, consider building a gift closet (or box).

10 Ways to Build a Gift Closet That's Both Deep and Cheap [GetRichSlowly]


Comments

    My mum had a gift closet. She had three boys and a limited income so the gifts stored therein weren't exactly the cutting edge of gift/toy popular trends at any given time. I always said that I'd never do something like this, but the way you've described it... mmmaybe I will. :)

    I keep a gift closet, but it's full of gifts I've picked for individuals, it's just that I buy most gifts several months in advance.

    I keep a Google Docs spreadsheet (shared with my wife) which lists all the people we expect to buy gifts for in the coming year, including Christmas. Whenever we have a good idea, we'll put it in the spreadsheet, and then wait to come across a bargain.

    Sites like OzBargain are great for this. The toys sales have come in handy too.

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