4 of the Worst Financial Gifts You Can Give Someone
You may hear people joke about how there’s a greeting card for everything. A few decades ago, the classic TV show Rosanne poked fun at the “card for everything” ideal when the eldest daughter Becky received a “sorry about your embarrassing gas” card from a family friend.
We as consumers not only buy cards for everything, we buy a lot of gifts for the people around us as well. On holidays, birthdays, graduations, anniversaries, retirement days, weddings, engagements, housewarmings, and on special occasions in general, we buy someone a gift. If a child receives a good grade or a person lands a new job or promotion, someone may very well get them a present. Normal life events and accomplishments are rewarded with a gift.
Statistics published on American Research Group indicate the average American allocates around $800 for Christmas gift shopping, as of 2013. This is truly a lot of money. For some, this is a month’s house payment spent on a single holiday. On Valentine’s Day, Cardhub reports the average man spends around $175 and the average woman around $89.
A gift card has become one of the more common gifts people give for birthdays, Christmas, and other random events. With a gift card, you’re basically saying to the recipient: “Here’s some money for you to go buy what you want, because you know what you want better than I do,” and in most cases, the recipient appreciates the gesture. A gift card is a good, solid, monetary gift that generally works out well.
There are of course, however, some financial and money-related gifts that are not such a good idea. This list of bad financial gifts contain financial gifts and gestures people sometimes do not appreciate.