4 Sugary Sweets & 4 Bah Humbugs of Gift Card Giving


4 Sugary Sweets & 4 Bah Humbugs of Gift Card Giving
Giving gift cards - Mistletoe Kiss or Miss?

Remember the last time you were carded? Stop. We mean gift-carded!
Most people in this land of plastic have either given or received at least one gift card.

The National Retail Federation reports that 6 of 10 consumers say “they’d like to receive gift cards this year.” The to-give-or-not-to-give debate rages on, but all of The 5 Money Personalities™ may benefit from buying gift cards for others.  The Flyer can grab a card on the way to the party.  A Security Seeker loves the predictability of buying a gift card – no sold-out sale item. Savers know exactly what the gift will cost and Spenders can actually stay on budget by buying cards with set dollar amounts - just avoid the “must haves” at the register.

4 Sugary sweet reasons to give gift cards:
1. Keeps you on a budget.
2. Super simple.
3. Proves to the recipient you know what they like.
4. Gives the recipient the freedom to pick what they want.

4 Some Bah Humbugs of gift cards:
1. May be perceived as impersonal.
2. Unlike holiday pounds, they can be easily lost.
3. Some banks, credit card companies, and mall cards have hidden fees, restrictions and expiration dates.
4. You may spend more because you don’t want to seem cheap. (You can hide your savings on that $50 jacket you found on sale for $25 but a $25 gift card is only worth $25.)

Your spouse loves giving you gift cards because it satisfies his Saver need to know exactly what the gift will cost, but you score too since the unique card gives your Risk Taker personality an excuse to buy something whacky from a brand, new store.

With all gifts, think of your recipient.  Would they find a gift card Sugary Sweet or would it give them a bad case of the Bah Humbugs? Considering your spouse’s Money Personality this season may bring you one step closer to a little gift under the mistletoe.

This article was originally published at . Reprinted with permission.
Article contributed by

Scott And Bethany Palmer The Money Couple

YourTango Expert Partner

The Money Couple, Scott & Bethany Palmer are authors, regulars on national TV, radio and speak internationally about “Love and Money”. With 40 years of combined financial planning experience they launched The Money Couple and have dedicated their lives to helping couples bring their love and money together. Scott and Bethany enjoy an active lifestyle living in Colorado with their two young sons, Cole and Cade.

Take our FREE Money Personality Quiz

Check for Financial Infidelity with our FREE Money Relationship Index

Sign up to receive the FREE Money Couple Minute!  click here

See our NEW BOOK, The 5 Money Personalities™: Speaking the Same Love and Money Language

Location: Colorado Springs, CO
Credentials: Other
Other Articles/News by Scott and Bethany Palmer The Money Couple:

What Your Kid's Halloween Candy "Skills" Say About Their Future


"Trick or Treat!"—going door-to-door in scratchy costumes, picking through huge bowls of goodies, cramming as much sugar as possible into a pillowcase. Then, racing home to dump the spoils of the night out on the living room floor. This is when the real "business" of Halloween, yes? (Do you remember what comes next?) ... Halloween ... Read more

I Love To Spend Money. So Why Do I Hate Myself When I Do?


If you love to spend money, but hate yourself when you do, you are not crazy. Many of us love to shop, buy gifts or conquer a great sale. But afterwards we feel that gnawing in our stomach. That doubt. That guilt. We often get questions from readers about this feeling. For instance, Brooke, a participant at one of our events, told us this story:  I ... Read more

Getting An F In Marriage? 3 Assignments To Help You Pass


School may be over for most kids, but for some parents in Oklahoma, it's only beginning. Oklahoma lawmakers signed a bill this month requiring divorcing couples with children under the age of 18 to complete a mandatory educational program. We guess parents are not going to be thrilled about this forced enlightenment and yet compatibility with your ... Read more

See More

Latest Expert Videos
Most Popular