If you have an unwanted holiday gift, the first thing to do is check the retailer’s return policy.
“If you are looking to get the most money back possible for unwanted gifts, your best bet is to return them,” said Paul Moyer from Saving Freak. “Places like Walmart, Target, Kohl’s and other [stores] will allow you to return items in exchange for a gift card.”
If you do not have a receipt, many stores will exchange merchandise or issue a store credit based on the lowest selling price for the returned item — factoring in all promotions, discounts, offers, free items and coupons that might have applied. Keep in mind that once these considerations have been factored in, the value of your return might be substantially discounted.
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