Posts Tagged ‘gifts’

Taking Constant Expensive Gifts

Thursday, May 22nd, 2014 by

Seems like that news of Donald Sterling making those racist comments can’t stop popping up due to the lady, named Stiviano, that is in the forefront of the news as a result of her coming out with her version of the story. For the most part it seems like every interviewer was trying to get her to explain why Sterling would gift her things like a car and a house. Of course, the assumption is she got involved with him in an intimate relationship way which she denies.

I was just thinking, if anyone kept dumping tons of money to you for no reason or give you lavish gifts would you simply keep taking it? I don’t know all the fine details about US tax laws, but I was thinking too how if a person just gave you this large valuable item it’s probably going to turn into a tax issue sooner or later as well. Kind of reminds me of stories like how contestants on the game show The Price Is Right aren’t aware that when you win those prizes you have to be prepared to pay taxes on them.

I don’t remember the exact question, but there was a part in one of the interviews where she was asked something along the lines of if she paid taxes on all the stuff/income she was getting and she was saying how she couldn’t answer that. Guess like they say, nothing is truly free.

Too Many Holiday Gifts In A Year

Sunday, May 11th, 2014 by

Today is mother’s day and fortunately I found my mom a gift before today which made everything stress free. I was talking to another person and asking him what he did today and interestingly enough he said nothing much and that when it comes to things like mother’s day or father’s day his family doesn’t make a big deal out of it as to them it seems like a holiday that simply makes people spend more.

I’ve seen more people recently carry on this kind of mentality where unless it’s like your birthday or your wedding it will simply be a normal day. Basically, you don’t need these kinds of occasions to show care. One thing is for sure, it takes a lot of reprogramming the way we think to be like that as to many no gifts for example on these days translates to you don’t care or you are cheap.

Buying Stocks As A Gift

Monday, April 28th, 2014 by

Today I bumped into this site at which was kind of interesting. While buying stocks in a company is nothing new I thought, this place seemed to be suggesting the idea that you should buy stocks for your loved ones as a gift. Example, buying a child one share of stock in the company Nintendo or say Starbucks.

I was trying to think if a kid would actually appreciate that. Example, instead of buying a child an actual video game you tell them that they now own a part of that company. I probably wouldn’t have really started to appreciate or understand this until my late teens personally. And then when you are old enough to appreciate it you probably want more than just one share huh? Kind of a creative concept I suppose if you want to give something different.

Giving Away Stuff You Never Opened

Saturday, December 14th, 2013 by

I heard some funny conversations today in regards to items that people buy where they have yet to even open the box. This ranged from $200+ vacuum cleaners various clothing items. For the most part these sounded like purchases that were a result of product demonstrations that they saw which made the product look very good. Someone then mentioned since it was Christmas time maybe they should just give it to someone as a present.

That’s not too bad of an idea if you are one of those people with perfectly good items that you bought prematurely where they are still in its original box. Or maybe you bought it thinking that you would need it but it didn’t end up that way. For example, I remember one time I was getting ready to buy everything needed to hook up a new Internet service at a new place. Therefore, I did my research and bought things like a good wireless router. However, I ended up not needing it as the company was apparently now simply giving customers an updated router for free as long as you are subscribed with them.

Like in that example, as a result I had the item still sitting in the box. A few months later I knew someone who needed one and that it would make a good gift for them. As a result, I gave it as a gift. People usually say you should always just sell items like these, but thinking on who you can give them to as gifts can be just as good of an idea to help you save time and money. Either way, it’s better than simply doing nothing with it.

Buying More Gifts Than Intended

Saturday, December 7th, 2013 by

I had a friend tell me today how he has finished his Christmas shopping awhile ago. However, whenever he goes to the mall now he seems to always see something that would be a great gift as well and so he goes ahead and buys it. As a result, he is spending more money on gifts than intended. Kind of an ironic situation to happen as you would expect doing things like this earlier would help you save money.

Funny enough, I think when it comes to giving people gifts you shouldn’t think that the only time you can give people one are during special occasions. Example, if I see an item that I think a particular person would love I don’t see why I would need to necessarily wait for say a birthday to get them the item. If anything, I would treat that expense similar to people who say spend a lot of money on their morning coffee.

Would make it easier to budget too as opposed to spending so much extra money for a single month because of the mentality that all gifts can only be given during special occasions.