While the thought behind a gift is always appreciated, the actual present itself may miss the mark. Perhaps it's the wrong size or a duplicate of something you already own. Maybe it simply doesn't fit your lifestyle or tastes.
Unwanted gifts can still serve a useful purpose. Here are some of our favorite ideas to find a home for these perfectly good items.
1. Return or Exchange
Most stores have a post-holiday grace period when they will accept exchanges without a receipt, although if you prefer to return it, you will usually get store credit for the current sell price of the item instead of cash. Another downside is that inventory can be pretty limited thanks to holiday shopping.
Resell your unwanted presents and pick up a little extra cash to pay for your own gift-giving. Amazon, eBay and Craigslist are the major resale sites, but you may want to try a site like Listia, which allows you to sell items with no transaction fees and accumulate credits to use for products or cash.
Consider taking items such as clothing or jewelry to a resale or consignment shop. For a percentage of the sale price, the store owner will do the work for you. Not surprisingly, there are also some top online consignment sites.
Following the idea that it's better to give than to receive, you can get a great deal of satisfaction from donating unwanted gifts to charities and worthy causes. Organizations such as Goodwill and Salvation Army operate thrift stores stocked with donated items.