When it comes to giving cash as a graduation gift, there is no set amount. It really depends on your relationship with the graduate and your budget. A nice range to consider is $20-$100.
If you are close to the graduate or are family, you may want to give more. If you are not as close or are on a tight budget, $20-$50 is perfectly acceptable.
When it comes to giving cash for graduation, how much is too much? And how little is too little? It can be tough to decide, but we’ve got a few tips to help you out.
For starters, take into consideration the type of relationship you have with the graduate. If you’re close family or friends, you may want to give a larger amount than if you’re just an acquaintance.
Secondly, think about your own financial situation.
If money is tight, don’t feel like you have to match others’ gifts – a smaller amount is perfectly fine.
Finally, consider what the graduate might need or want the money for. If they’re headed off to college and will have lots of expenses, a bigger gift may be appreciated.
But if they already have their tuition covered and are just looking for some spending money, a smaller sum may suffice.
At the end of the day, there’s no right or wrong answer when it comes to how much cash to give for graduation. Just use your best judgment and go with what feels right for you and the graduate.
Average Cash Gift for High School Graduation
As your child prepares to graduate high school, you may be wondering how much money to give as a gift. While there’s no set amount, the average cash gift for high school graduation is around $100.
Of course, how much you give is entirely up to you and your budget.
If you’re able to give more, great! If not, don’t worry – any amount is appreciated.
Think about what your child will need the money for as they head off to college or begin their career.
It can be used for expenses like textbooks, dorm furnishings, or a new wardrobe. Or, it can simply be saved for a rainy day.
Regardless of the amount, giving a cash gift is a wonderful way to show your pride and support for all that your child has accomplished.
What is an Appropriate Amount of Cash to Give As a Graduation Gift
When it comes to giving cash as a graduation gift, there is no definitive answer. It all depends on your relationship with the graduate and your own personal finances. If you are comfortable doing so, a general guideline is to give an amount that would cover the cost of textbooks or other necessary school supplies for the graduate’s next level of education.
For example, if the graduate is headed to college, you could give around $200-$300. However, if you are on a tight budget, even a smaller amount can be meaningful. Ultimately, it is up to you to decide what you feel comfortable giving.
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Conclusion
It’s that time of year again! High school seniors are getting ready to walk across the stage and receive their diplomas. And, if you’re a parent, grandparent, or family friend, you may be wondering how much cash to give for graduation.
There’s no right or wrong answer when it comes to giving money as a gift. It really depends on your relationship with the graduate and your budget. A good rule of thumb is to give an amount that you feel comfortable with and that won’t put a strain on your finances.
If you’re not sure how much cash to give, consider giving a gift card instead. This way, the graduate can use it towards something they really need or want, like textbooks for college or a new wardrobe for their first job. Whatever you decide, just remember to congratulate the graduate on their big accomplishment!
