How to reinvest your Christmas present

Information verified correct on October 29th, 2016

What to do with the Christmas present you don't want.

Although Christmas is well and truly over, many still have this question hanging over their heads – what should I do with that unwanted present?

Despite well-meaning friends and family, inevitably, we receive a gift that isn’t quite up to our liking. Fortunately, there are several ways to use that present so it doesn’t just sit on your shelf. Some may consider getting rid of Christmas presents as morally grey, but according to one national survey from Menulog, 52% of Australians are doing it.


These tips will help you put some savings back into your depleted account. Try selling the gift online. Using eBay and Amazon for example, will help you pass the gift on to someone who actually wants and would use it whilst adding a little bit of money back to your savings. Here are some useful tips for first time eBay users:

  1. Use clear, quality photographs.
  2. Fill in all the information prompted.
  3. Start the bidding at a low price.
  4. The title is vital, use the 55 characters to get as much information about the product as you can in the title.


Re-gifting a present can bit a bit awkward so there are a few precautions to take if you choose to recycle your gift. Make sure that the person who gave you the gift has no connection whatsoever to the person you’re giving the present to. In doing this, you’ll avoid many awkward questions that you would rather leave unanswered.

When re-gifting make sure that the present will actually suit the person you’re giving it to. If you can’t seem them using that gift, perhaps another friend deserves that gift.


Christmas is a time for giving! So try donating your gift to a charitable organisation such as the Salvation Army. As long as your gift is legal and useable, someone will be grateful for your generosity.

Ask for the receipt

This is probably the riskiest path to follow. If you know the person well, you should be pretty comfortable to ask for the receipt. Most likely, they won’t be offended too badly. It’s more likely that they would rather you have a gift that you want and would use rather than waste money on something you’ll never touch.

Received money for Christmas instead?

The saying “cash is king” holds more truth than ever more – with cash, you can invest in almost anything. See what your options depending on the amount you have:

Jacob Joseph

Jacob is a writer and video journalist with finder.com.au. Credit cards, personal loans and savings accounts are his bread and butter, and he likes nothing more helping people understand the sometimes overly complex world of personal finance.

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