5 Ways Store Receipts Help You After Holidays

by Bill on December 26, 2011

Remember those little stupid pieces of paper everyone kept handing you after you bought gifts this past month or two? Those are called receipts; I myself pile them up in a mess on a shelf. Yes, I know, bad move. Why would you save them? Store receipts save you after the holidays by creating a paper trail that you will need later. Here’s five examples that prove the point.

Rebate Requirement

The most singular reason manufacturers and stores issue mail-in rebates is that customers either lose their receipts, fail to send them in as instructed or fail to use them as rebates at all. If you don’t turn in the receipts for rebates, the sale price you thought you had never existed and you likely paid full price. Send in the receipts as directed to gain the added savings you went after during the holidays.

Store Receipts Refund Requirement

If someone hands back a gift after the holidays, or wants to exchange it, the receipt is required for all proofs of purchase. Most stores will issue in-store credit or exchange for like merchandise without any proof of purchase. Another problem you will face is the seasonal price. A merchandiser doesn’t need to refund the full cost of the item, but can give you the seasonal price or clearance price which is likely lower. Keep the receipts for full refunds after the holidays.

Receipts for Charitable Tax Donations

If you gave a gift during the holidays to a charitable organization, you should get a receipt – especially for large donations or tangible donations other than money. Say you gave money or a snow blower to a local community center; without the receipt you cannot claim it on taxes the following year. The receipt must have the name of the organization, the date of donation and what the item was.

Receipts for Gifts

On a related note, if you give cash gifts to family members or others for something, a receipt will be required as well. Say you give money to your neighbor’s daughter to pay for books to college. The daughter will need the receipt as part of her application for other money to attend school.

Warranty Claim Receipt

If a product is defective, or becomes defective, you want to be able to replace it quickly. If you gave the item as a gift, this importance becomes even more relevant. Most items such as electronics, appliances and mechanized pieces come with a warranty. Some other items such as hoses and DVD come with warranties as well. The only way to provide a paper trail stating you bought it in the first place is the receipt. The date and time will be on the receipt, as well as the store name and probably the store number or ID. You will likely need to return the item to the store or send it into the manufacturer with a copy of the receipt.

I haven’t dealt with all of these types, but the store receipts saving you after the holidays has happened to me.

Anyone have any of these happen to them?

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Diana Grant December 28, 2011 at 6:59 am

This is a great idea! I don’t think about the receipts and I thank you for making me realize about the importance of asking receipts.
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Pam December 28, 2011 at 9:36 am

I usually staple mine to the intruction manual and keep a kinda box in my closet for that stuff. I haven’t messed up with it yet, and it also helps with warranty stuff to in the booklets
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Bill December 29, 2011 at 3:25 pm

Unfortunately too many people are still in the habit of tossing away those little slips of paper. The value of the information on them is greater than any warranty or promissory note.

Bill March 3, 2012 at 10:37 pm

Never thought of stapling the receipts to the instruction manual. But then again I keep losing those too!

Bill March 3, 2012 at 10:37 pm

Not a problem Diana

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