Alison's Money Rule

Start the New Year off by reforming your gift buying excesses with the help of the R mantra -- Regift.

The R mantra -- Regift.

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Rules of thumb
June 29, 2010

Credit scores
June 22, 2010

Date on a dime
June 8, 2010

Great idea into a great business
June 1, 2010

New Grads
May 25, 2010

Financial Paralysis
May 18, 2010

Contest Queen
May 11, 2010

Rule of twos
May 4, 2010

Home buyer costs
April 20, 2010

Don't be afraid of the big bad tax man or woman.
March 16, 2010

Do your own taxes
March 9, 2010

Rules for self-employment
March 2, 2010

New mortgage rules
February 23, 2010

Self-employed mortgage woes
February 16, 2010

Borrowing to contribute to RRSP
February 9, 2010

The R mantra -- Regift.
January 5, 2010

Cross border bargains...
December 1, 2009

Warranty gold
November 17, 2009

Benefit from the loonie rise
October 20, 2009

Forget the February RRSP deadline.
September 29, 2009

Can I afford my house?
September 22, 2009

Ease college and university students into independence
September 15, 2009

Eliminate Back to School Shopping Stress
August 25, 2009

Drink no wine before it’s time
August 18, 2009

Living on a baby budget
July 28, 2009

I know that I nattered at you before Christmas about not buying useless stuff for people who won’t remember what you gave them. Most of you probably did it anyway under pressure of self-imposed guilt.

While you may be heartily sick of hearing anything to do with presents, I offer another thought to help you deal with this expensive habit as the year unfolds.

We focus on the end of year holidays as the primary gift buying extravaganza, but when you examine the rest of the year what you buy for friends, family and colleagues likely far exceeds what you spend during the festive season.

Think showers, weddings, Stag and Does, birthdays, anniversaries, graduations, baptisms, Bar and Bat Mitvahs, retirements, promotions -- oh my!

Here’s one way to prevent all these events from digging too deeply into your wallet. Tag and bag. Take all your unwanteds and unneededs from the holiday season and assemble a regift pile. Forget anything not properly packaged, stuff that looks like it came from the dollar store and handmade items -- no matter how nice, passing them off as crafted by you is plain bad Karma.

Nix most edibles with the exception of boxed items such as an artisan honey or jam set. Oh yes, and anything dated, like calendars, is history.

Now, take careful note of who gave the regift prospect to you. Missing this step can be fatal. My husband’s dear godmother once gave me a lovely glass apple ornament which I ended up handing it back to her a couple of years later. I received a tart dressing down as a result.

In my regift drawer this year is a bath set that does not look like a grab and go from the corner drug store, a mouse flashlight that will delight a nephew or grandson and a charming pine candle that is too fragrant for my husband’s sensitive nose.

Follow this process through the year and you will always have on hand an inventory of items that cost you nothing but, hopefully, will be appreciated by a recipient.