Secret Gift Exchange Saves Time & Money

December 17, 2007

This Christmas, my cousin had a great idea. She asked us if we wanted to do a “secret gift exchange” – where everyone pulls a name out of a hat and buys a present for that specific person. This is great way for everyone to give and receive a gift without breaking your wallet. The benefits about the “Secret Gift Exchange” are:

  • You only have to buy one gift
  • You and everyone else receive a gift for yourself — this is a win-win situation.
  • You save time. Since you only need to have one gift to give, it’s saves you time

I think we might be doing this next year. I’ve already finished my Christmas shopping! I did my best in terms of bargain hunting. Places like T.J. Maxx and Ross stores had some great deals on winter clothes such as gloves over the week. At Get Rich Slowly, J.D. writes about how to manage small mistakes when spending under stress.

I’ve been doing exceptionally well with my spending this Christmas. I needed to buy some clothes for work so I don’t feel guilty about my purchases. I bought everyone a gift in my immediate family so I have piece of mind and I saved lots by shopping around first.


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I am not a financial adviser but I learned a lot of things because a certain bad experience I had in my life. Although a tragic event, it taught me the most importance of life, time and money. My personal finance knowledge was anywhere but perfect.