Gift Closet Deals
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Gift Closet Deals

Posted on Monday, April 5th, 2010 at 6:39 pm
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Do you have a gift closet in your home? If you don’t, you should consider starting one. A gift closet can save you money.

What is a gift closet?

A gift closet doesn’t have to actually be a closet. it could be a box under the bed, a place in the attic or even a little bit of cleverly hidden storage in an ottoman, a desk or even behind a couch, depending on your available space.

A gift closet is a place where you can store various gift deals that you find throughout the year. Then, whenever a gift need comes up, such as a birthday, anniversary or other holiday, you can go “shopping” in your gift closet.

How does a gift closet save money?

A gift closet saves money because it allows you to pay next to nothing for the gifts you need to purchase. Instead of overspending at the last minute for a gift, you can keep everything within a budget. For example, I know my son’s friends all like Bakugan toys. So when Sears was doing a toy clearance event last month, I was able to stock up on these toys. Instead of paying $10-$25 per toy, I only spent $3-$7 per toy! You can’t beat that.

Where can you find gift closet deals?

To find the best gift closet deals, just keep your eyes open. When you are out shopping anywhere, be sure to check in at the clearance sections, because you never know what you might find. Check my Twitter, too, because I’ll often post deals I find when I am out and about, such as the V-Smile cartridges that were in clearance at all of the Radio Shack stores.

Stock up on gifts when you find a really good coupon code or deal online, too. Combining orders will often save your on shipping.

Hot online deals

All of the birthday party requests have been coming in for my kids, and my gift closet is a bit depleted from the Christmas holidays. So I did a little searching this morning.

These are the online brands that usually have some good stock up deals for the gift closet. You can click on the brands below to see a list of coupon codes and discount links for each of them.

GameStop: They often have specific deals of the day. Some of my favorite ones are $10 off plus free shipping, and the buy one get one free deals on new and used video games.

ToysRUs: For hot toys, this is where I go first. When there is a popular toy, they will often offer discounts on it. Also check out the clearance deals.

Lego: I haven’t met a kid yet who doesn’t like Legos. Legos are a great gift for boys or girls, so I stock up here when they offer a really good deal.

Amazon: Their deal of the day sometimes hits on something that is great for the gift closet, such as DVDs. For younger kids, I look for coupons and deals on Melissa and Doug products because they seem to hold up well and are a good value.

Also, make sure to browse as many brands as you can for coupons. You never know what you might find, and the best codes often run out quickly.

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Good Tip: Saving money is important – especially if you have a lot of expenses like bills to pay, loans to pay off, and all the other things that drain your bank account. Figuring out a way to save money can feel tedious to some, and like a punishment to others. U.S. News suggests that you try one of these money saving challenges. The “No Eating Out for a Month” Challenge This one is self-explanatory. The goal is to avoid eating out for an entire month. This might be super easy for people who enjoy making meals at home. People who really enjoy dining out, or ordering food to be sent to their home, may struggle with this one. It’s worth a try because spending money on take-out is more expensive than buying groceries. The Pantry Challenge This one is a variation of the “No Eating Out for a Month” challenge. The goal is to use up all of your groceries before you buy more. It forces you to try and remember why you bought a food or beverage that you don’t know what to do with, and gives you the opportunity to find a way to use it. The one exemption to this challenge is the foods that have expired. Don’t eat them! Throw them in the trash. The “No Spend” Challenge Make a goal to avoid spending money during an entire weekend. The only exemption in this challenge is that you are allowed to pay bills. This challenge is interesting because it requires creativity. You must be creative and find workarounds for problems that you would typically solve by spending money. You may have a different outlook on spending after finishing this challenge.