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Holiday Giving
BAILEY ATKINSON
Each year, people rush out to stores in the early morning hours on the day after Thanksgiving to save a little money on perfect gift. While finding the best deal is the main purpose of Black Friday, people shop with their gift list in mind. During the holiday season, gifts are exchanged between couples, friends and Secret Santa groups, regardless of the bad economy.
A gift exchange is almost always inevitable for couples during the holiday season, but it can lead to many obstacles when choosing a gift for one another. For Katie Hobbs, a senior from Wichita and boyfriend Steven Wagoner, a senior also from Wichita, this hasn't changed over time. When the two first started dating, Hobbs found it difficult to choose a gift for Wagoner. Last year, after being together for almost a year, Hobbs still struggled to find the perfect present, so she enlisted the help of her brother and father.
This year Hobbs started planning her gift early. The ideas came easier this holiday season and she's excited to see Wagoner's expression when he opens his gift. "At first I had to get the perfect gift to impress him," she says. "Now it doesn't matter because he'll like whatever I give him and there's no pressure."
When selecting a gift for a friend rather than a significant other, it's best to use a different approach. The gift doesn't have to be exact right — it just needs to mean something. V. Oliver, author of The Millionaire's Hand. How to Look and Act Like a Millionaire. If You're Not says that giving personal best for friends. Selecting a gift based specific interest makes the gift more al. "Let's say someone likes something, Oliver says. "Something silly like a pink perfect."
But silly gifts aren't always the best gifts to give. "Don't buy a toaster unless you know the person needs a toaster," Oliver says. "Ask the person what they like, if it's a toaster, then by all means, buy it."
One scenario where funny presents are acceptable is through a Secret Santa gift exchange. Chenin Pecora, a senior from Dallas, is participating in a gift exchange with her roommates this year before leaving for winter break. "We all know everyone really well so it will be fun to see what everyone gives each other," Pecora says.
Aside from fun, Secret Santa also is a great way to include multiple people without having to blow your budget. Organize a group of friends, co-workers or family members and then set a spending limit.
With a poor economy, cutting back on holiday spending might seem imperative. But Oliver says when money is tight, the best thing to do is get creative. A great idea is to give 'IOUs' for things such as a backrub or a home-cooked meal because they can be used at any time during the year.
Things to know before giving gifts this season:
Don't give suggestive gifts such as perfume or lingerie
Humorous gifts often fail flat.
Give presents to others that you love; there's a higher chance they'll love it too.
In lean times, it is okay to set a cap limit on gifts.
Experiences matter more than gifts. Gifts that show you want to spend time together are more significant than gifts that show you spent a lot of money.
Re-gifting is OK if you know the receiver will enjoy it.
Forcing someone to open a gift in front of you puts them on the spot.
Gift baskets are corporate gifts and aren't very personal.
Planning ahead pays off.
Source: Vicky Oliver, author of The Millionaire's Handbook: How to Look and Act Like a Millionaire, Even If You're Not
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