Okay it’s not really an “art” more of an “economics”; well of course it would be or else it wouldn’t have made it into this blog.
Let’s think about this for a moment; the best gifts are given to you by your significant other (a boyfriend or a girlfriend)- alot of thought goes into these presents. It’s the gift from grandma that tends to be hopeless – and that’s because grandma doesn’t see you very much.
If you buy a present and the present is unwanted, those are real resources that have been wasted – energy, hard work, time and materials.
That’s why the best present from grandma is cash and we economists believe that the best present anyone should ever give or recieve should be cash.
Most people tend not to give cash because it signals to the recipient the value we put on our relationship with them & this can be very embarrassing. So if you must give a gift instead of money…
Your gifts should be as inexpensive as possible, because the waste from poorly chosen gifts is far smaller if the gift itself is small.
Have a wonderful Christmas!