It is customary for people to give gifts to graduates. The amount of money that is appropriate to give as a graduate gift depends on your relationship to the graduate, how close you are to the family, and your own personal budget. A good rule of thumb is to give a gift that is worth about $20-$50.
It’s that time of year again! Graduation season is upon us, and with it comes the question of how much to spend on a graduation gift. It’s a tough question, since you want to show your support and congratulations without breaking the bank.
So how much should you spend on a graduation gift?
Here are a few factors to consider:
– How close are you to the graduate?
If you’re a close friend or family member, you may want to go above and beyond with your gift. But if you’re more distant, a smaller gesture may be more appropriate.
– What is their financial situation?
If they’re already struggling to make ends meet, spending a lot of money on a gift may not be the best idea. On the other hand, if they’re doing well financially, they may appreciate a more luxurious present.
– What do they need/want?
It’s always nice to give something that the graduate can actually use or that fits their interests. A practical gift like an Amazon Gift Card or something for their new home or apartment can be really useful. Or if they love fashion, consider buying them an item from their favorite designer.
Ultimately, there’s no hard and fast rule for how much to spend on a graduation gift. It all depends on your relationship with the graduate and what will mean the most to them. So take some time to think about it and pick out something thoughtful – they’ll definitely appreciate it!
Average Cash Gift for High School Graduation
For high school students graduating in 2019, the average cash gift from family and friends is $510, according to a recent survey conducted by Graduation Source. This is up slightly from the average of $490 reported for graduates in 2018. The most popular gift amount remains $50, with nearly one-quarter (24%) of respondents saying this is what they expect to receive.
Other popular amounts include $20 (15%), $100 (14%), and $25 (11%).
When it comes to how the money will be spent, 62% of graduates say they plan to use it for education-related expenses like tuition, books, and supplies. Other popular choices include saving it (19%), using it for everyday expenses (10%), and taking a trip or going on vacation (7%).
Just 2% say they plan to spend their graduation cash on something frivolous like clothes or entertainment.
If you’re looking to give a graduation gift that will be appreciated and used wisely, cash is always a good bet. Just be sure to put it in a card or envelope so the graduate can easily keep track of how much they’ve received!
How Much Money Do You Give for a 2022 Graduation Gift?
It’s always tough to decide how much money to give for a graduation gift. The amount you give depends on your relationship to the graduate, your budget, and the graduate’s future plans.
If you’re close to the graduate, you may want to give a more generous gift.
If you’re on a tight budget, or if the graduate is already employed and doesn’t need financial assistance, a smaller gift may be appropriate.
A good rule of thumb is to give an amount that will be meaningful to the graduate without putting too much strain on your own finances. Here are some general guidelines to help you decide how much money to give for a 2022 graduation gift:
-If you’re close family or friends: $50-$100
-If you’re distant family or friends: $25-$50
-If you work with the graduate: $20-$30
Is $200 a Good Graduation Gift?
It depends on a number of factors, including how close you are to the graduate, your budget and what the graduate’s plans are after graduation. If you’re looking for a gift that will be useful to the graduate as they start their next phase in life, then $200 is a great option. Some ideas for gifts in this price range include:
-A laptop or tablet to help with school or work
-A nice watch or piece of jewelry
-Gift cards to help with travel expenses or new clothes for a job interview
-Tickets to a show or event that they’ve been wanting to see
If you’re on a tight budget, there are still plenty of thoughtful gifts that can be had for under $200. A few ideas include:
-A basket filled with their favorite snacks and goodies
-A personalized mug or photo frame
Is $500 a Good High School Graduation Gift?
It is difficult to say whether or not $500 is a good high school graduation gift without knowing more about the specific situation. Generally speaking, $500 is a significant amount of money that could be used in a variety of ways to help a recent high school graduate. For example, the money could be used to help cover the costs of college tuition, textbooks, and other associated expenses.
Additionally, $500 could be used to help with the purchase of a new car or apartment rental deposit. Ultimately, it depends on the needs and wants of the individual graduate as to whether or not this would be considered a good gift.
Digital Dive: How much to give for grad gift?
Conclusion
How Much for Grad Gift?
It’s that time of year again – time to start thinking about what to get your favorite graduate. But how much should you spend on a graduation gift?
Here are a few things to consider:
What is your relationship to the graduate? A close family member or friend will probably warrant a more expensive gift than a casual acquaintance.
Do you have other people in your group who are also buying gifts? If so, you’ll want to make sure your gift is in line with what others are giving.
What is the graduate’s financial situation?
If they’re already burdened with student loans, a more practical gift may be appreciated.
In general, it’s safe to spend around $50-$100 on a graduation gift. But ultimately, the best gifts are ones that come from the heart and show that you care.
