In the past, re-gifting was socially shunned. But these days it’s very common because re-gifting saves money and reduces waste.

Throw that Billy Blanks Tae Bo DVD in a used gift bag and give it to your second aunt who’s trying to shave off a few pounds and get fit.

According to couponcabin.com, four out of 10 North Americans have re-gifted presents.

The most commonly re-gifted items are gift cards, duplicate items, and unwanted products.

If you’re going to re-gift a present, there are parameters you should follow.

Remove your name from any tags or cards and don’t give it back to the same person who gifted it to you.

Refrain from re-gifting personal hygiene products like nail clippers or razors.

Ensure the present is in its original wrapping and don’t recirculate something that has been blatantly used.

Try to avoid re-gifting something super sentimental, especially if it’s from someone close to you that could find out.

Re-gifting is typically a result of the gift-giver trying to stretch an already limited budget. If your list of people to buy for keeps growing, co-workers, neighbours, teachers, stop!

Don’t bother buying junk for people. This is exactly how and why people go into debt over the holidays which sets them back financially for months.

Instead, write a personalized card or host a volunteer day at the food bank.

Why not barter or trade for gifts? Sell unwanted household items on Kijiji to generate some guilt-free holiday cash.

If you feel truly obliged to buy something, keep it small; less than $10.

Make a small donation on behalf of the person you have to buy for.

This is a meaningful and inexpensive way to show your generosity while spreading the holiday spirit. Or bake treats or make ornaments that everyone can enjoy!

Re-gifting within certain parameters is a resourceful way to keep your budget in check.