Comments on: Six Frugal Family Gift Exchange Ideas

By: Kathy

Kathy — Thu, 05 Nov 2009 17:27:11 +0000

For several years our family has done a White Rhino gift exchange. Why Rhino? We liked the concept of White Elephant, but not crumby gifts. So we changed it to Rhino and required NICE gifts. The upper limit has changed many times but the lower limit has always been $0. Some of our best gifts have been homemade or family heirlooms. We eventually had to switch back to drawing names however, due to several family members moving out of state and therefore would receive no gifts because they could not be present. A drawback to this type of exchange.

By: kerry

kerry — Fri, 21 Nov 2008 17:48:35 +0000

My issue with drawing names and limits, in whatever combination is that it doesn’t really do anything to alleviate the stress about the financial side of the holidays (witness Meri, for example). For this reason, I much prefer the homemade gift challenge. My family has gone with the name drawing/limit thing this year, and it’s such a pain because the focus is still on the money, which is not (IMHO) what it’s supposed to be about… back to charitable donations in their names for me next year. At least that money makes a difference somewhere

I love the white elephant exchange idea, although I’d be terrified to do it with my extended family. Pickle-me-Elmo would be on the plus side around here! We do it through work though, where it’s just silly and fun, and it’s very successful. You learn some interesting things about people by what they bring to exchanges like that!

Nice article, Shannon! Happy Christmas.

By: Meri

Meri — Thu, 27 Dec 2007 21:25:48 +0000

We pick names in my family, but what do you do with the people who don’t spend up to the limit. I have gotten $50 gifts when I have given $120. It feels very unfair especially when the cheapos have your name year after year. Our limit is supposedly $100. For the kids our limit is 50-75. I have a generous gift that fit the person for $120- that was my choice to go over the limit, but my child got something for $30. I’m sick of it and want to quit it.

By: The Frugal Guy

The Frugal Guy — Mon, 26 Nov 2007 20:34:58 +0000

Daphne, I also save money throughout the year just for christmas presents and stick to my budget. We sometimes do a gift exchange, we put gifts on a table in a room and then pull names out of a hat and they get to choose which gift they would like and open it up. Its makes it interesting and there is usually some exchanging going on. Some people also bring gifts for specific people.

By: Daphne

Daphne — Wed, 21 Nov 2007 18:12:35 +0000

We have yet to convince the members of my family to try to pull names. It would be helpful. But having a budget also helps. There aren’t a lot of people to buy for. Some recipients like useful things, some like fun things. Either way I stick to my spending plan and everything works out.

Plus I save money for Christmas during the year so it’s not a drain on the finances all at one time.