Friday, December 05, 2008

Frugal Friday: The Gift Closet

It's Frugal Friday!
If you would like some frugal tips click on the icon above. It will take you to a website dedicated to Frugal Tips.

My Frugal Friday tip of the week regards the Gift Closet. Each year after Christmas we go to town and look for the after Christmas sales. Later we look for the inventory reduction sales before tax time and again late spring we find some places are having big spring cleaning sales. I take a list, usually in my head, but probably should take it on paper of who I need to buy gifts for in the coming year and start shopping for those at these sales. I bring all my treasures home and make a list of what I got and who I plan to give it to and put it all in my closet in a box.

When Christmas or birthday rolls around I go to my "Gift Closet" to see what I have there before I shop for anything. Many times I already have something that I purchased at a sale that was able to get dirt cheap.

This accomplishes two things:

  • You aren't caught at the last minute with nothing to give and having to stress out about what to buy.
  • You have been able to buy a nice item at a fraction of the original cost, saving your budget.


1 comment:

Farrah said...

This is a good tip!!