The desire to give someone a show-stopping gift is extremely generous and kind. However, some extravagant presents may not provide enough value to be worth their hefty price tag. Here are 9 high-end gifts that you probably shouldn’t bother splurging on.
1. Bedazzled Tumblers
It’s a recent trend to encrust Stanley cups and similar water tumblers with bling-like rhinestones or Swarovski crystals. A custom-made bedazzled cup could cost you several hundred dollars depending on the design and materials you choose. Since these bejeweled tumblers aren’t any more functional than regular water cups, they’re probably not worth splurging on.
2. Luxury Candles
Candles create a cozy ambiance and make thoughtful gifts. However, shelling out a significant sum for a luxury candle probably isn’t justifiable. The scent and burning experience of a luxury candle may not be much better than an ordinary one.
Plus, high-end candles from brands like Jo Malone and Nest can cost several hundred dollars. That’s an exorbitant amount of money to spend on a hunk of wax you’re going to burn down to nothing, even if it’s a gift!
3. Designer Luggage Sets
While durable luggage is essential for frequent travelers, investing in a luxury set with designer logos is an unnecessary extravagance. Although the branding and aesthetics of Louis Vuitton or Gucci luggage may be appealing, remember that the suitcase is just going to get tossed around at the airport. After several years of use, the luggage will probably look worn and damaged. So shelling out on a high-end suitcase isn’t worth it, even as a gift.
4. Surprise Car Purchases
Car commercials can make you believe that it’s a great idea to surprise someone with a vehicle. But a car is more of a responsibility than a gift. The recipient will need to pay for gas, insurance, maintenance, and registration fees, which could strain their finances if they accidentally choose a vehicle that’s out of their price range.
Additionally, most people want to have a say over such an important purchase and pick the color, style, and model of their car, so you might want to reconsider this gift.
5. Exotic Pets
Surprisingly, exotic pets like designer dogs and unique fish are common gifts. But becoming a pet parent is a big responsibility. You don’t want to accidentally burden your loved one with a pet they don’t have the time, money, or desire to take care of.
Most people also prefer to pick out their pet to ensure they feel a bond with the animal. Instead of spending thousands on an exotic pet, save your money and express your love with a less extravagant gift.
6. Michelin Star Dining Experiences
While dining at a Michelin-starred restaurant can be a memorable experience, some high-end eateries charge top dollar for meals that may not be worth it. I’ve had mediocre food at fine dining restaurants, so make sure you read reviews carefully before making a reservation.
Additionally, consider whether it’s worth paying a premium for fine dining when it’s possible to find cheaper hidden gems. You can have enlightening culinary experiences at more affordable establishments, allowing you to save money while giving your loved one the gift of delicious food.
7. Private Concerts
The idea of hosting a private concert featuring a favorite musician or band may seem incredibly exciting. But the costs involved in booking performers and renting a venue and equipment can be astronomical. Does the exclusivity of a private concert justify the hefty price tag? Or would you and your giftee have just as much fun in the front row at a regular concert?
After all, the atmosphere of a large stadium show can be electric and is hard to replicate at a private venue. Plus, you can always purchase VIP tickets to make a public concert experience feel special, which is cheaper than throwing your event.
8. Luxury Spa Packages
Gifting your loved one a spa day is a lovely way to make them feel pampered and appreciated. However, high-end packages from luxury spas can cost hundreds or even thousands if you’re booking a weekend retreat.
Carefully consider if this extra expense is worth it compared to mid-range or even budget options. If your giftee is pretty low-maintenance, they may be perfectly happy with a gift card to Massage Envy or the local nail salon!
9. Private Yacht Charters
Chartering a private yacht for a luxurious getaway can be a dream come true, but the high costs associated with crew, maintenance, and fuel can make it an extravagant expense. For many vacationers, the exclusivity and privacy of a yacht charter doesn’t justify the steep cost. Your gift recipient may be able to enjoy a trip that’s just as relaxing at a resort, which will cost you much less.
Splurge on Things You Value
At the end of the day, what’s worth splurging on is highly individual and based on personal preference. You may find some of these experiences are worth the price tag, especially when you’re giving them as a present. Just make sure any luxuries you indulge in or gift to others fit into your budget without compromising your financial plans.
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