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]