It is traditional to give a monetary gift to a graduate as a congratulation for their achievement. There is no set amount of money that you should give, but $20-$100 is typical. If you are close to the graduate, you may want to give more.
You could also consider giving a gift card or something that the graduate can use in the next phase of life.
As a graduate, you may be wondering how much money to give as a gift. The amount is usually based on your relationship with the person and your budget. If you are close to the graduate, you may want to give a larger amount.
If you are on a tight budget, you may want to give a smaller amount. Here are some general guidelines to help you decide how much money to give a graduate:
If you are close to the graduate or they are family, $50-$100 is appropriate.
If you are not as close to the graduate or if they are not family, $25-$50 is appropriate.
If you don’t know the person well or if they are not family, $10-$20 is appropriate.
Remember, it’s always better to give something than nothing at all!
Average Cash Gift for High School Graduation
The average cash gift for high school graduation is $100. This amount has remained relatively unchanged over the past few years, even as the cost of living and college tuition have increased.
There are a few factors that contribute to this average figure.
First, not all families are able to give their graduates cash gifts. Some may instead opt for practical gifts like gift cards or help with college expenses. Second, the amount given often depends on how close the family member is to the graduate.
For example, grandparents may be more likely to give larger sums of money than parents or siblings.
If you’re planning on giving a cash gift to a high school graduate in your life, $100 is a good starting point. However, ultimately the decision of how much to give is up to you and should be based on what you can afford and what you think the graduate will appreciate most.
What is the Appropriate Amount of Money to Give for a Graduation Gift?
The appropriate amount of money to give for a graduation gift largely depends on your relationship with the graduate. For close family members like parents and grandparents, as well as godparents, mentors, and other significant adults in the graduate’s life, it is customary to give a monetary gift that is equal to or greater than what you would give for a birthday or Christmas present. So if you typically spend $50 on a birthday present for your son, you would likely give at least $50 (if not more) as a graduation gift.
For friends and other relatives who are not as close, it is still customary to give a monetary gift, but the amount can be smaller. A good rule of thumb is to think about how much you would spend on a nice dinner out with the graduate—typically around $20-$30. Of course, there are always exceptions to these guidelines.
If money is tight or you know the graduate has his or her eye on a big-ticket item, feel free to adjust your gift accordingly. The most important thing is that your graduation present comes from the heart and celebrates this important milestone in the graduate’s life!
How Much Cash Do You Give for a 2022 Graduation Gift?
It’s that time of year again – high school seniors are getting ready to graduate and move on to the next phase of their lives. For many, that means college. But for others, it might mean entering the workforce or taking a gap year.
Regardless of what comes next, one thing is certain: they’ll need money to help them get there. So, how much should you give as a graduation gift? That depends on your relationship with the graduate and your budget.
Here are some general guidelines to help you decide: If you’re related to the graduate (parent, grandparent, etc.), $50-$100 is a nice gesture. If you can afford more, go for it!
Just remember that your gift shouldn’t be so expensive that it puts undue stress on the graduate’s finances. If you are close friends with the graduate, $20-$50 is appropriate. Again, this is just a guideline – if you want to give more (or less), do what feels right for your friendship.
If you’re acquaintances with the graduate or don’t know them well, a small gift or card is sufficient. No need to spend a lot of money here – after all, they probably won’t remember who gave them what by the time graduation rolls around! At the end of the day, it’s up to you how much (or how little) you want to spend on a graduation gift.
Just make sure it’s something that will be appreciated and put to good use – no one wants another mug emblazoned with their alma mater’s logo!
Is the cost of a graduate degree worth it?
Conclusion
It’s graduation season, and that means it’s time to start thinking about how much money to give a graduate. There are a lot of factors to consider when deciding how much money to give, including the relationship between the giver and the graduate, the graduate’s financial situation, and the costs associated with the graduation.
For example, if you’re a close relative or friend of the graduate, you may want to give a larger amount of money than if you’re just an acquaintance.
If the graduate is already struggling financially, you may want to give less money so as not to put too much strain on them. And if the graduation is taking place in a city where costs are high (like New York or San Francisco), you’ll need to factor those expenses into your decision as well.
Ultimately, there is no right or wrong answer when it comes to deciding how much money to give a graduate.
It’s up to you to decide what makes sense for your relationship and your budget.
