Finding a gift for someone is nothing short of a challenge. Bob Jain and other names in finance will agree, so it would make sense to fall back on money as a gift option. However, instead of sticking with this, you might be better off with gift cards. Why is this the case, though? For those who might be curious to know what gift cards have that money doesn't, here are the 3 biggest benefits that you should be aware of.
One of the many benefits of gift cards, according to companies like Bobby Jain Credit Suisse, is that they usually aren't taxed. When you put money down on a gift card, you won't have to worry about the presence of sales tax, which is a benefit that can be passed along to the person you're giving the gift to. The same cannot be said for money, which is taxed. Of course, there are other reasons why gift cards are worth giving.
There's also the specific nature of gift cards that should be taken into account. Let's say that, for the sake of argument, that you were to give someone a gift card to a local restaurant. More likely than not, they will not spend as much money on nice meals until the gift card in question is depleted. To say that this makes matters more convenient for gift receivers would be an understatement, but there's more to know about gift cards that Bob Jain CS can cover.
To wrap things up, gift cards can take on digital forms, in addition to the physical ones most people use now. The reason why this matters is that it adds to the aforementioned idea of convenience. Not only can these gift cards be accessed on different devices - smartphones and computers, just to name a couple of examples - but they take up less physical space as well. This is another great selling point that's worth drawing attention to.
As you can see, gift cards yield a number of benefits that money simply doesn't have to offer. However, this doesn't mean that you should stick to one option over the other, since the idea of the better gift is entirely subjective. Some gift-givers might feel more comfortable with one over the other. With that said, if you're stumped as to which one might be received more favorably, you cannot go wrong with a gift card.
One of the many benefits of gift cards, according to companies like Bobby Jain Credit Suisse, is that they usually aren't taxed. When you put money down on a gift card, you won't have to worry about the presence of sales tax, which is a benefit that can be passed along to the person you're giving the gift to. The same cannot be said for money, which is taxed. Of course, there are other reasons why gift cards are worth giving.
There's also the specific nature of gift cards that should be taken into account. Let's say that, for the sake of argument, that you were to give someone a gift card to a local restaurant. More likely than not, they will not spend as much money on nice meals until the gift card in question is depleted. To say that this makes matters more convenient for gift receivers would be an understatement, but there's more to know about gift cards that Bob Jain CS can cover.
To wrap things up, gift cards can take on digital forms, in addition to the physical ones most people use now. The reason why this matters is that it adds to the aforementioned idea of convenience. Not only can these gift cards be accessed on different devices - smartphones and computers, just to name a couple of examples - but they take up less physical space as well. This is another great selling point that's worth drawing attention to.
As you can see, gift cards yield a number of benefits that money simply doesn't have to offer. However, this doesn't mean that you should stick to one option over the other, since the idea of the better gift is entirely subjective. Some gift-givers might feel more comfortable with one over the other. With that said, if you're stumped as to which one might be received more favorably, you cannot go wrong with a gift card.
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