In honor of office holiday parties, tomorrow, the Thursday before Christmas, is National Regifting Day. Money Management International (MMI) suggests that you turn your gift exchange into a regifting party. “In case you are hesitant to break tradition, you can rest assured that the majority (60%) of people think that regifting is becoming more accepted; the top two reasons are to save some green.”

I love swaps especially ones that encourage reuse of the unwanted items people hold on to because they are too good to donate or, horrors, throw away. Here is a clip from www.Regiftable.com, followed by a few 2009 Wikipedia notes and and a link to a moneycentral.msn.com article:

“The credit counselors at Money Management International (MMI) know that being in debt is no way to start the New Year. They created this Web site to help you get through the season with your budget and your sanity in tact. Whether you are a fan or foe, regifting has become a phenomenon. Regifting experiences can range from resourcefully refined to a comedic disaster; it’s all about the five ‘Ws’ (who, what, when, where, & why). In our opinion, if you are going to do it, do it right! With this holiday season’s particularly tight budgets, it only makes sense to talk about all possible ways to stretch your resources.

In addition to regifting, the folks at MMI love to talk about pregifting, postgifting, ungifting, misgifting, multigifting and nongifting. In fact, the experts at MMI have developed materials that cover a wide range of topics; all to help you financially survive the holidays. So if your holiday debt typically outlasts your fruitcake, consider giving yourself a gift this holiday season; the gift of freedom from financial worries. (After all, the holidays are supposed to be fun!)”

 From Wikipedia, the free encyclopedia:

Regiftingis the act of taking a gift that has been received and giving it to somebody else, sometimes in the guise of a new gift. One example of a formalization of this activity are the white elephant gift exchanges, in which items can be regifted from year to year…  The term originated on an episode of the NBC sitcom Seinfeld (“The Label Maker”). In the episode, the character Elaine calls Dr. Tim Whatley a “regifter” after he gives Jerry Seinfeld a label-maker that was originally given to Whatley by Elaine, although the practice pre-dates the term substantially.”

Below is an article link on regifting, but please note, I do not agree with many of the 12 points. Good quality reuse is just fine with me!!!

http://articles.moneycentral.msn.com/SavingandDebt/Advice/12RulesForRegiftingWithoutFear.aspx

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