What to Give Those Who Have Everything

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gifts, giving, holiday

However, my wife and I have decided to spend our money this season on things we can do together – vacations, dinners, concerts, and other fun experiences. We’re definitely not shy about spending money on experiences, so this post hits home for me. Enjoy!
Today’s Classic is republished from Physician On Fire. You can view the original here.

Experiences, not things. You’ve heard the anthem.

If you want to be happy, spend your money wisely. That means you should concentrate your spending on experiences that you will remember forever, and forget about the fleeting hoverboard / Furby / Hatchimal that might bring a couple days of happiness and just maybe set the plane on fire. Spending on experiences is solid advice, and science supports itScience.

I understand the draw of things. I spent a good forty years focusing on obtaining them. And here I am, drowning in so many things that I’m trying to get rid of half of them. Things I collected as a child. Things I held onto as a poor college student. Things I couldn’t think of parting with because I’d had them for so many years.

And now it’s the biggest time of year to give. It’s time to buy presents. You’ve got siblings! Parents and cousins, coworkers and friends! Time to buy so, so many things. Happy Holidays!

But what if — deep down — they don’t want things? What if, like you, they are grownups who buy all the things they want when they want them? Well, that’s a conundrum, now isn’t it?

They May Not Want Things.Physician Financial Services

What do you get the person who has everything? Not a thing.                                                                                                                                                    Not a soap that smells like his favorite beer. He already has a case of his favorite beer, and it smells better than beer scented soap. Not a nonsense-of-the-month club just because he enjoys nonsense.

He can sort the good nonsense from the bad nonsense, and if he wanted twelve random nonsense deliveries, he would have signed up already.

Welcome bonuses are great, but don’t try to meet the minimum spend on that credit card by buying us junk. Some of us are actively trying to reduce the number of things they own. When I took a shot at minimalism in my master bedroom closet, I donated over 100 things. We’ve filled dozens of moving boxes with other stuff this year in our attempts to declutter our home and our lives.

What to Buy, Then?

Buy experiences.

If you didn’t see that coming, Tommy will come back there and hit you in the head with a tack hammer.

It’s super-obvious, but super-good advice.

Don’t buy a football jersey, buy football tickets! Instead of giving her the iTunes album, take her to the show. Mom says she wants a sweater? Take her out to lunch and to the mall afterward. I’ll bet she’ll be happier with the lunch date, whether she goes home with a sweater or not.

I’ve taken this tactic and applied it to gift giving the last several years with resounding success. No one’s been left wondering what to do with yet another pair of HomeTeam undies. I’ve done my best not to stick anyone with next year’s white elephant gift.

Other Options?MLG real estate investing

OK, neat advice, but his favorite band never comes within 300 miles of your town. She’s tons of fun when her team wins, but you don’t want to feel her wrath when the home team loses. Tickets are simply a bad idea in your case. What then?

Food! Who doesn’t like food? Restaurant gift certificates simply do not lose, and never end up donated to the local Salvation Army, unlike every popcorn making device ever. No red-blooded American will turn down candy, and I don’t know many that would refuse a dinner and night on the town.

When giving someone food, we’re generally talking gift certificates. Unless you really want to gift a side of beef. But most people don’t gift a side of beef. Or pork. [Note to readers: I would never reject a side of pork. Or beef.]

Your gift of a gift certificate should be reasonably generous. Once again, you’re giving someone an experience. Be sure to give enough to cover a meal for two at a minimum, or enough to cover the entire family if there are kids in the mix.

Feeling really generous? Give one gift certificate to buy a meal for two, and a second offer to personally babysit their munchkins while they enjoy an uninterrupted scrumptious meal. Then cross your fingers and hope they return the babysitting favor.

Don’t forget about other consumables. Last week, I gave the gift of beer to four unsuspecting brewery customers, courtesy of the Rockstar Community Fund. To see what others did with their $20 grants, see this thread on the Rockstar Finance Forum.

Sorry, Mom. Sorry, Dad.

It’s hard to implement a strategy like this without letting someone down. For me, it’s my Mom & Dad. My parents grew up in the shadow of the Great Depression. Things were everything. Experiences were luxuries. Luxury was having three squares, a roof over your head, and your Dad back from the War.

I grew up with a similar mindset. The more, the better. It makes sense. Things are worth something. Minimalism and frugality sometimes butt heads. The more things you have, the better off you are. In recent years, I’ve come to realize that the axiom may not be true for us. While we’ll never be true minimalists, we’re striving to be a little less maximalist.

Now, my parents have given me lots of great gifts over the last 41 years. They are also quite good about asking what I would like, and buying that exact thing. That’s how I got several of the great Nikon and Olympus lenses I use to take photos you’ll see all over this site.

This fall, I fielded the annual question about my wish list, and I struggled to come up with anything. After a month or so, a month in which my lovely wife reminded me with

increasing frequency that I had to come up with something, I got a Black Friday e-mail with my Christmas gift(s) staring right back at me. Three all-grain brewing kits for $19.99 each.

The gift idea checked all the boxes. The gift will be used up, leaving no thing behind. Brewing is an experience, that will lead to a consumable — a consumable that can no doubt lead to more interesting experiences. A consumable that I share with fellow aficionados at our monthly homebrew meetings, where I’ve made many friends.

Equity Multiple

Degifting, The True Give Nothing Option

Penny from She Picks up Pennies introduced me to a term for what my wife and I have done on most holidays for years. Degifting. To degift is to agree not to exchange gifts with someone whom you previously had or normally would exchange gifts.

Degifting takes practice. You’ve got to be committed. If you mutually agree not to spend your money on each other, then don’t spend money on each other, unless you like inviting resentment and mistrust into the relationship. Then by all means, violate the Treaty of No Presents, but do so at your own peril.

If giving absolutely nothing seems inherently wrong to you, consider the next best thing, a minimal gift exchange. Set a low dollar limit, say $5 or $10, and give something small that you can wrap up, open, and preferably eat or drink to celebrate the holiday for which the present was given.

What’s your take on gift giving as a grownup? Have you degifted or otherwise reduced the number of boxes and bows that change hands? Do you like to give or receive experiences rather than things?


3 COMMENTS

  1. Gifting is hard these days. My daughter typically fancies something different each time I ask her and what was once a hot commodity because rapidly cold.

    For her it is far easier to give her gift cards so she can buy at her own discretion. It lacks the personal touch but in the end she enjoys the freedom of choosing what she wants.

    Experiences are by far the best gifts and even a simple restaurant night out as a gift is more meaningful and better appreciated than some over the counter item.

  2. It’s hard to decide each year how I feel about gifting. I like your idea about experiences. When you’ve been in your career for at least a few years, your time becomes more valuable than some meaningless gift from Brookstone or another box of chocolates. On the former, it seems like you bought six things from a discount bin in case someone gifts you something and you need something in a pinch to return the notion. For the latter, my waistline doesn’t need it, plus I’m on the ketogenic lifestyle. Keto-friendly chocolates are welcome, however because it shows effort and thoughtfulness.

    In truth, I don’t like exchanging gifts if I don’t have to. It’s partially frugality related, but I also resent the general pressure to buy presents for everyone in your life. I’m happy to buy gifts (or experiences!) for people near and dear to me, but the co-worker I see once a week in a status meeting or at a departmental huddle? I don’t feel the compulsion.

    This year, my wife and I are planning to gift cooking classes and group painting classes to our parents because time spent together is more valuable than material gifts. Thanks for sharing and great read!

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