Getting out of the rat race

This blog will serve as a tracking of my path towards financial success.

Friday, December 22, 2006

A good holiday practice

Unused Gift Cards Are The New Billion-$Dollar Business
The most-popular gift for 2006 holiday season, favored by 73% of shoppers, is clothing, closely followed by gift cards favored by 60% of shoppers, according to The Consumer Reports' Holiday Shopping poll. About 23.3 million Americans have unused gift cards from last year's holidays--that's at least $972 million in unredeemed cards. Indeed, 54% of respondents received gift cards for the 2005 holidays. Nearly a year later, 19% of the gift-card recipients have not used one or more of the cards received.

http://www.metrics2.com/blog/2006/11/03/unused_gift_cards_are_the_new_billiondollar_busine.html

If you get a gift card. Use it. If someone gave you a $20 bills, would you just tuck it in your closet for 10 years until it 'expired?' I dont' think so. It makes no sense to let the hard earned money of the gift bearer to go to waste.

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