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According to a survey by the folks over at WalletHub, gift cards were one of the most highly desirable gifts this holiday season. If you were the recipient of your most desired gift—a gift card to your favorite retailer or service, that’s fantastic!  

Gift-card-gifts-aimed-at-moms-dads-children-teenagers etc

But sometimes a gift card doesn’t quite hit the mark, making its way to the back of a wallet, the bottom of a drawer or—gasp!—hopelessly lost in all the spent gift wrap and ribbon that was hauled to the trash.

Consumers spend more than $130 billion on gift cards per year—and roughly $1 billion goes unspent. Every year! Believe it. It’s as absolutely true as it is mind-boggling.

If you got a gift card from a store you’ve never heard of or one you’ll most likely never use—you may be wondering if there’s a way you can exchange it for cash. 

Good news. There is. And not only that new gift card. You may be able to get cash for other gift cards you’ve been collecting—even the ones that you’ve used but still have a decent balance remaining. Read more

Everything is different when you’re a child: The trees are taller, colors are brighter, and every new day is more exciting than the last. And some things stay in our memories for a long time—in fact, sometimes they end up being with us forever.

 

Dear Mary: The sad news that Toys R Us is closing all of its US stores not only has us nostalgic for childhood memories, but it also has me wondering: what should they do with their Toys R Us gift cards? Michael

Dear Michael: This is a very sad topic in my family. My adult kids and grandsons too, are going through a kind of grief as thoughts of Toys R Us flood them with wonderful memories. 

As for Gift Cards—there’s one important thing to remember: Gift cards are not the same as cash. They represent store credit. One of the dangers of holding onto Gift Cards is that the store will file for bankruptcy or some other event that causes those Gift Cards to become virtually worthless without notice. My advice is that you use Gift Cards as soon as possible—never hold onto them for the long term. 

Get thee to the nearest Toys R Us store you can find that is still open to buy some Christmas gifts! Don’t assume you’ll be able to use those Gift Cards at ToysRUs.com as the online store has been closed. Only a sweet, tearjerker message remains with a reminder me that deep down inside, we’re all Toys R Us kids. 

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