Share Your Regifting Story and Video for a Chance to Win $500 in Prizes!

MMI announces fifth annual regifting story contest

HOUSTON, Nov. 8, 2010 /PRNewswire-USNewswire/ -- Today, the creators of Regiftable.com announced the start of its fifth annual regifting story contest which ends on December 31st. People from around the nation are invited to share their regifting stories and videos for a chance to win prizes valued up to $500. Regifting is the art of taking an unused gift previously received, and giving it to someone else during the holidays.

(Photo: http://photos.prnewswire.com/prnh/20101108/DC97098)

(Photo: http://www.newscom.com/cgi-bin/prnh/20101108/DC97098)

Regiftable.com is a forum for all things regifting, including an archive of more than 1,000 consumer stories running the gamut from the heartwarming to the horrifying. In addition to this year's regifting story contest, the site also offers fun games, facts, personalized gift certificates, regifting party rules, and much more.

Regiftable.com was created by the nonprofit Money Management International (MMI) to give people a fun way to learn more about regifting, and to start the conversation on a topic many people are reluctant to discuss—holiday spending and financial worries. This year, holiday gift-giving may be particularly difficult as economic stressors continue to stretch family budgets.

"Consumers may have been hesitant to break tradition in the past, but this is the year everyone should consider adopting new holiday practices," said Cate Williams, vice president of financial literacy for MMI. "Instead of going broke this holiday season, consumers should consider bringing unused gifts out of the supply closet."

Did you know? 58 percent of respondents in MMI's holiday survey say they regift or are considering doing so.

About Money Management International

Money Management International (MMI) is a nonprofit, full-service credit-counseling agency, providing confidential financial guidance, financial education, counseling and debt management assistance to consumers since 1958. MMI helps consumers trim their expenses, develop a spending plan and repay debts. Counseling is available by appointment in branch offices and 24/7 by telephone and Internet. Services are available in English or Spanish. To learn more, call 800.432.7310 or visit www.MoneyManagement.org.

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SOURCE Money Management International