I’ve always loved Christmas and always loved giving gifts. I’ve always loved giving gifts for any reason, to be honest. When I traveled all the time, I’d store up inventory from my trips to Raffles Jewelry in Singapore. I’d drop baubles of all kinds throughout the year to my wife. Add Tiffany’s and Red Envelope to the mix, and I was every woman’s dream, every man’s nightmare.
My family has cut and cut gift giving to the point where we now don’t give gifts to one another. There are great reasons for it, and I understand budgets and priorities etc. I do miss it though. Last Christmas, I got the boys together to paint coffee mugs so we could at least give something (that and framed photos). I didn’t put up much of a fight when family members told me of this year’s plan. I do think that part of gift giving is having to thoughtfully think about someone you love, think enough to search and find something that you think they would like.
Do we get it right? Most of the time, that would be a no. Some of the worst gifts, though, can be the most memorable. My late grandfather, he of no means, gave me awful tube socks one Christmas. I was a teen, and the tube socks from Wal-Mart were just dreadful to look at much less to wear. I wish I had those tube socks. I still have the clock he gave me sitting on my vanity to this day. I haven’t put a new battery in it, but I don’t need to.
For my wife and boys, I’m free to grab whatever I like for gifts. Add her parents and brother, and at least I do have a few presents I can get. With the tough economy, we’ve decided to work hard to have a Christmas with no money spent on gifts. One way of doing this is to give no gifts, while another way is to make things or give services. We’ve decided to use miles and points to purchase gifts. I’m off to a very fast start.
I’m a horder when it comes to my miles and points. I’ve long had a Business Platinum AMEX and rarely tap the points. I think my only big previous splurge was for a week in Italy with my wife. We stayed at the Danieli in Venice, then headed to Florence and San Gimignano (Relais Santa Chiara).
So poof, half of my AMEX Membership Rewards points are now gone, an equivalent of about $2k or so in purchases. I don’t have much more to do, probably some gift cards with a few other cards. Electronics are the worst value when buying using points, with gift cards for retailers being the best value. Electronics cost 1.5-2.0x in points vs gift cards, but I was able to get a deal on something my wife wants plus a big surprise for the boys. I was close to getting a Wii (they have no gaming system, just their computer), but I decided to put it off again. They’re surviving, and I’d rather give them something super cool that they can have with them all the time.
I’m pretty sure we’ll spend less than $200 total on gifts, but I’ll have to do some more legwork over the next couple days to finalize it. How ’bout you, how close can you get for $0 this Christmas? If not this year, how much can you slice off your bill next Christmas through credit card points and miles?




