With the holidays behind us and the popularity of gift cards increasing every year, make sure you don’t let them go unspent. According to MarketWatch, about $1 billion worth of gift cards’ value will go unspent. Here are some tips so you don’t let your gift cards go to waste.
Keep them all together. If you have gift cards all over the place you’ll end up losing track of them. Keep them in one spot and look through them before you head out shopping.
Re-gift them. If you know someone who would be more likely to use the gift card you received, consider re-gifting it. Just take care you don’t end up giving it back to the person who gave it to you.
eBay them. If you received a gift card to a retailer that you don’t particularly like, eBay is a good way to get rid of the card. Rather than being stuck with a card that you will never use, get some value out of it. (The value is usually around 80%)
Don’t buy just because you can. If you have a gift card, don’t make that an excuse to purchase something. If you don’t like that particular store, don’t feel compelled to purchase their merchandise. Don’t clutter your home with gift-card guilt purchases.
This post has been updated since its original publication in 2007.