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How to Use Up Those Gift Cards You’ve Been Stashing (Frugal Friday)
Posted By Jessica Fisher On June 12, 2014 @ 9:38 pm In Budget Living,Frugal Friday | 11 Comments
The other day a friend and I were chatting; she mentioned that they had a ton of gift cards that they’ve yet to use, some five or ten years old. I gave her the pep talk that she needed to use them on their upcoming trip cross-country. Vacation is a great time to save money wherever you can.
I decided to follow some of my own advice. Tonight I dug through my little wallet of gift cards. It contains a two-inch stack of plastic cards, some that I’ve had since we lived in Kansas! That was six years ago.
Most are for places that we go rather infrequently. That means never.
I got online or picked up the phone, depending on the card, and gathered all the balances, scribbling them down on each card with a sharpie. I thought that some of the cards must be empty or have very low balances. But no. I totaled up over $300! Some of those presumably “empty” cards had $20 or $30 on them. Ahem. Excuse me, where was I when that gift was given?!
I had no idea! Clearly. And several were places we do go often or would like to, like Peets Coffee, Walmart, and Target. I found over $100 in Sears gift cards! Say what?! I don’t know about you but visions of a new Lands End swimsuit just entered my head. Or a replacement appliance.
I’m gonna guess that you, too, might have some gift cards hiding in a cupboard, wallet, or drawer. Dig them out and make it a goal to use them over the next three months. Don’t just spend it to spend it, but consider how you can make the most of this “gift” and help offset your other costs.
These are some of the ways we plan to spend our newfound “money”.
This is Frugal Friday. In an effort to make these weekly financial discussions more interactive, I’m no longer posting a link-up. Feel free to leave a link in the comments. But better yet, chat with us on today’s topic.
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