This time of year, lots of people have gift cards for various stores. This can lead to losing the cards, not using them for a year, or using them, but buying something that exceeds the amount on the gift card.
Here are some easy ways to get the most out of your gift cards:
1. Keep Track Of Them
Keep them in a drawer, an envelope, or your wallet so they are all located in the same place. If you leave them all over the house, you are bound to lose track of your cards and let them go to waste.
2. Buy necessities
Don’t buy just anything with your gift cards, they’re valuable, so use it to buy what you normally buy. With a Target card, restock your shampoo or buy groceries. This essentially turns your gift cards into cash, which is what you honestly wanted anyway.
3. Buy On Sale
Use your card before the post-holiday sales disappear. Don’t wait until February when the prices will go back up. This year especially, stores won’t have as much excess merchandise because they began the season with smaller inventories.
3. Stay Under Your Budget
Some people say that leaving $2 on your card is just a waste of money. I say that making a $60 purchase with a $50 gift card is a waste of $10, so try to get the most out of your cards, but don’t spend extra money on the transaction if it means you have to pay for your own gift.
4. Trade, Sell, Or Regift Them
If you don’t need your gift cards, try regifting them. Maybe someone else can get the most out of it. Head over to a gift cards exchange like cardpool.com, thegiftcardtrader, cardhub.com, or plasticjungle.com and try to trade your card for one you actually want, or sell it at a discount and get cash in your pocket.
It seems like most people misuse or waste more than just a dollar or two of each $100 holiday gift card they receive. Will you be more careful?