Friday, June 01, 2007

Saving Gift Cards

I know some people do not like getting or giving gift cards as gifts, but I love it. It is nice to have a present or two to open and enjoy, but the practical person in me so appreciates gifts cards. I love to use them for things we need. They are also great for small indulgences that I might not buy otherwise.

We often receive gift cards for holidays and birthdays. It is tempting to go out and splurge with a big shopping trip. We have done that in the past, using the gift cards to hit after Christmas sales. We got a lot of mileage out of gift cards that way. But saving them has its advantages too.

This year the kids all got separate gift cards at Christmas time. I decided to hold onto them. They didn't need anything. With all the excess already surrounding Christmas, I couldn't see any reason to add to the piles.

In February, I did allow them to browse the clearance aisle and pick out something small and we picked up a few things they needed. Then we all went through the self check out, so each child could use their card for their transaction. Just picture me doing this with four kids. Yes, it was as crazy as you imagine.

After that trip, I stuck the cards away with some that were given to Tim and I for future use. Yesterday, the kids needed some shoes and a couple of other things. I also wanted to get window fans for all the bedrooms. It seemed like a perfect time to use up those gift cards.

After gathering the needed items, we headed to the checkout. I thought we'd be finishing up the cards, so I didn't keep the transactions separate like I had in the previous trip. The cashier rang up all the items. Told me the total, and I handed her a stack of cards saying, "Let's finish these cards up, and then tell me how much more I owe."

Imagine my surprise when she handed one back saying, "There is six dollars left on this one." Then she handed me two other back that she didn't even need to use. Obviously, I had lost track of how much was left on those gift cards.We had a free shopping trip! It felt like Christmas again.
Saving your gift cards for things you need later is a great way to boost a tight budget. It was fun to have a free shopping trip in May from our Christmas gift cards! The gift that keeps giving!

One caution though: Some gift cards do lose their value after a specified time period. You don't want to hold onto the card for too long.

Frugal Fridays


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8 comments:

Jenn @ Frugal Upstate said...

Do you do "mypoints"? I just read their emails daily, and click through to the ads and then close them down without signing up for anything or buying anything. This year I had enough points to get $40 of gift cards for free at Christmas time, and I just cashed in enough points for a $50 gift certificate at Old Navy (I specifically want to buy some t-shirts there)

Becca said...

We just finished up the last of our wedding gift cards a couple of weeks ago. Mind you, we got married 2 1/2 years ago!! Let's just say, we had some very generous cards...

Phelan said...

pssst...there's a rumor going about that you will supply me with a link. Why am I not emailing you? Because I think you should post it, and rejoice :D

Cheryl (copper's wife) said...

What a great shopping trip!! I had a gift card left over to a home improvement store in my area. I thought there was just a coupla bucks on it, so I used it when I bought a six pack of annual flowers. I was shocked when the cashier handed it back and said it still had $12.00 on it!!! I LOVE hanging on to them, but I plan to keep better track of my cards in the future. Hmmm.....wonder how much is left on my Mother's Day Starbuck's card?????

Sherry said...

Now that must have been a fun shopping trip!

Kristina said...

Gift cards usually have a phone number on the back that you can call to find out what the remaining balance is. Try it on some if you aren't sure if they have any money left on them.

Mrs.X said...

What a nice surprise to enjoy a free (uneXpected) shopping trip! We love gift cards too. I've been hording a few with little balances that I really ought to check... thanX for the reminder!

Amy said...

I love receiving gift cards too. We actually just used up a Mall card that has been laying around the house. I had enough to get two Starbuck's coffees on it! What a treat!

Enjoy that free shopping trip!