smart spending

Recover from a holiday spending hangover

Instead of shopping, try swapping
Instead of shopping, try swapping

Ugh, did you receive a CD you already have on iTunes for a gift? Or another set of garden tools? The site Swap.com allows interested swappers to trade books, CDs, DVDs, apparel, electronics and even unused gift cards.

"It's a great way to recycle those not-so-favorite holiday gifts for stuff you actually want," says Jeff Bennett, the former CEO of Swap.com.

Historically, swapping sees a 30 percent surge in activity during January as people trade gifts they didn't want and clean out their closets for the new year. The only expense is shipping if your swapper isn't local to you. Locally, you also could start or join a trading club in your neighborhood with an existing moms' group or other organization.

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