How Much Money To Give For A Graduation Gift
It’s that time of year again! The weather is getting warmer, the days are getting longer, and graduating seniors are getting ready to move on to the next chapter in their lives. If you have a graduate in your life, you may be wondering How Much Money To Give For A Graduation Gift.
Looking for more grad gift ideas? Check out The Best Graduation Gifts To Give.
How Much Money For Graduation Gift
Here are a few things to keep in mind when deciding how much money to give:
- What is your relationship with the graduate and the family? A close family member or friend may warrant a higher gift amount than a casual acquaintance. If you do not know the graduate well but have a close relationship with the parents I would give a higher amount of money.
- What is the graduate’s financial situation? A student who is graduating with student loans may appreciate a larger gift than one who is starting their adult life debt-free.
- What are the graduate’s future plans? A graduate who is planning to continue their education may need financial assistance more than one who is entering the workforce. Again, a slightly higher gift would be appreciated if your budget allows it.
- You will also want to consider your budget and how many other graduation gifts you will be giving throughout the graduation season.
Graduation Money Gift
This chart is a practical way to approach the decision on how much to give for a graduation gift.
Acquaintance $10 – $25
Friends $25 – $50
Close Friends and Family $75 – $100
If kids {peers} are invited to parties, without their families, it may not be necessary to bring any gift or a $10 gift would be acceptable.
Ultimately, the decision of how much money to give as a graduation gift is up to you. There is no wrong answer, so long as your gift comes from the heart. Congratulations and best of luck to all the graduates out there!
TIP: When my daughter graduated a few years ago, I had her create a list of names and the amount of money given to her so she could write her thank you notes.
I held on to that list so that when our friend’s children graduate I know how much I should give to their children. One tends to forget over time. Hold on to the list!
More Graduation Gift Ideas:
- The Best Graduation Gifts To Give
- Ultimate Graduation Party Guide: Everything you need!
- 25 Best DIY Graduation Gifts
- Graduation Gift Ideas: The Best Things To Buy A Graduate
Susan B
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Everyone likes different graduation gifts.I don’t think that the most important thing is how much this graduation necklace cost or how much is the cost of that senior shirt. The most important is to know well the person who is going to graduate high school or college and to choose the best gift for her/him.
Hi how did you make chocolate strawberries?
How much money should we give our two grandsons for their 5th grade graduation? I purchased funny t-shirts for their quarantine graduations (one is in London,UK and the other one in America) but would like to do something creative with money
Hi Elizabeth, I think that is really a personal decision…kids do like to receive money! Maybe $50? If you search the internet for creative money graduation gifts you should find some creative ways to make the money into a memorable gift!
Really Great article. Thanks for sharing this amazing information