The average American household spends about $41 on disposable holiday gift wrap and bows each season. Save some money and cut down on wasteful, hard-to-recycle paper and bows by using things you already have. Wrap gifts in newsprint or flattened kraft paper from paper shopping bags. Rip open an old VHS tape and use the shiny black tape for ribbon. And fill boxes with shredded scrap paper that you've run through a paper shredder.