Northwest Arkansas Democrat-Gazette

Toy shortage?

How this could affect your holidays

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Many popular toys may sell out long before the holidays, thanks to ongoing pandemic-related disruption­s. This could be a disaster — or a great opportunit­y to reshape how we celebrate.

1 Why toys may be in short supply

Holiday shortages are nothing new. Most years, some trendy toy or gaming console becomes the hot, hard-to-find item when manufactur­ers and retailers misjudge demand.

What may be different this year is the number of toys in short supply. Most toys and electronic­s are manufactur­ed in Asia, but bottleneck­s at ports are delaying deliveries, while shipping costs have skyrockete­d.

Higher costs are often passed along to consumers as higher prices. That, and the potential for shortages, should encourage people to start shopping as early as possible, says Jillian Wahlquist, vice president of Tom’s Toys, an independen­t retailer with three locations in California.

2 How to avoid the mad scramble for toys

Of course, panic buying early can be just as destructiv­e to your budget as waiting until the last minute. Consider drafting a holiday budget now that incorporat­es all your expected costs.

If you’re buying a gift for a child and not sure what they want, or are concerned that their interest will wane by the holidays, consider some alternativ­es.

The first substitute is to choose classic toys that retain their appeal over time. Board games, art supplies and building toys such as wooden blocks are some possibilit­ies.

Another option: handmade gifts. If you aren’t crafty, you can buy wooden toys, stuffed animals and other handmade options at crafts fairs and online marketplac­es like Etsy.

Giving experience­s is another option, especially for teenagers. Researcher­s at the University of Illinois Chicago found that kids ages 3 to 12 prefer material gifts, while older children get more happiness from experience­s, like baking lessons or amusement park visits.

3 Play the memory game

Speaking of memory, try this: Ask your kids what their favorite gift was last year, and the year before, and the year before that.

The point is to share the memories you have, which likely have more to do with the time you spent together than with what you gave each other. Together, you might create a list of what you want to do as a family during the holidays.

 ?? AP ?? This article was provided to The Associated Press by the personal finance website NerdWallet. Want to suggest a personal finance topic that Quick Fix can address? Email apmoney@ap.org.
AP This article was provided to The Associated Press by the personal finance website NerdWallet. Want to suggest a personal finance topic that Quick Fix can address? Email apmoney@ap.org.
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