This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

4 Etiquette Expert-Approved Ways to Ditch Unwanted Gifts

SAN DIEGO ( TheStreet) -- There are the gifts you love getting and the gifts that, well, you just don't have any use for: The ugly sweater you'll never wear. The ratchet set you don't need. The perfume you can't bear.

What to do with them? Etiquette experts agree there are guidelines to unloading unwanted Christmas presents. Chief among those guidelines: Don't sell the not-so-great gifts. Not on eBay (EBAY) or Craigslist, or any online site for that matter.

"You shouldn't be making a profit off a gift. That's a little bit lowbrow," says Elaine Swann, a San Diego-based lifestyle and etiquette expert.

In addition to being lowbrow, selling a gift can come across as cold and calculated, says Diane Gottsman, owner of the Protocol School of Texas, and there's the danger of the gift-giver seeing the gift for sale online. That could lead to hurt feelings.

"I would look at other options," Gottsman says.

Here are a few:

  • Repurpose it. Maybe you got an ashtray and you're not a smoker. All is not lost, Gottsman says. "Repurpose it. Put candy in it." Or perhaps you got a lamp that just doesn't align with your sense of style. "If you can bear it, put it in a guest room. Repurpose it that way," Gottsman says.
  • Donate it. Is there a less-fortunate person who might be able to use the gift -- a family member fallen on hard times, a housekeeper? If you don't know anyone who might enjoy your unwanted item, consider donating it to a local charity or nonprofit. "Donate to a worthy cause," Gottsman says. "If it's a nice sweater, but not something you particularly like, as a gesture of good will, donate it to a charity. Pay it forward."
  • Regift it -- strategically. One man's trash is another man's treasure. You may not be crazy about a sweater with pink and green stripes, but someone else might see that same sweater as a thing of beauty. Swann has three rules when it comes to regifting, though: Don't regift within the same circle of friends or family; rewrap or repackage the gift, removing all telltale signs it was a present; and make sure to give the gift to someone who will actually enjoy it. "You're not regifting just to get rid of it - you really want to be thoughtful," Swann says.
  • Sell it at a garage sale -- eventually. If you absolutely must sell the gift, the most harmless way to do so is a yard sale or garage sale, which tend not to be held for pure profit motive. And even then it's best to wait a few years. Beyond that, be careful about which gifts you chose to part with this way. "Don't sell a gift at a yard sale if it was a neighbor who gave it to you," Gottsman advises.

There's one final tip regarding the Christmas gifts that left you less than cheerful. In the age of social media, refrain from complaining online, blogging, tweeting or posting on Facebook (FB) about the unwanted items that turned up in your stocking or under your Christmas tree. You never know who will see those posts.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,055.87 -116.81 -0.68%
S&P 500 1,982.77 -11.52 -0.58%
NASDAQ 4,508.6880 -19.0010 -0.42%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs