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Additionally, 94% said theyd be tempted to make an unplanned purchase if the item were on sale.
One way to save money on gift-giving is to embrace regifting or repurpose low-cost gifts.
Regifting often has a negative connotation, which is why its important to be strategic.
Etiquette expert Lisa Mirza Grotts previouslyexplainedto GOBankingRates that her No.
1 rule for regifting is to never regift within a specific social circle.
verify the person receiving the gift doesnt know the friend who gave it to you.
Its also good to double-check the gift isnt used and to freshen up the package.
You should also tailor the gift to the receiver and ensure its not an obvious regift.
Over one-quarter (27%) of survey respondents said they overspend on sale items they dont need.
Impulse buyers are also emotionally driven, and even a stores ambience and display can influence emotions and decisions.
To avoid overspending on unnecessary items, create a list and stick to it.
that you might redeem for a discount on your restaurant bill.
If the restaurant is known for large portions, consider splitting an entree with someone else at your table.
Holiday Meals
Holiday meals are another area where shoppers tend to overspend.
According to the survey, 25% of respondents said they typically overspend on holiday meals.
Twenty-two percent of respondents to Experians survey said they overspend on gifts for themselves.
Before shopping, set a budget.
Allocate a specific amount for self-gifting, and if you must, limit your exposure to sales.
Focus on needs, not wants, even when youre tempted by discounts.
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