How Much Money Should I Spend On A Wedding Gift
eight Min Read | Jan eleven, 2022
Wondering how much to spend on a nuptials gift? Equally weddings begin to boot up again, guests are excited to connect with friends, celebrate, and let loose—and loosen their purse strings. Co-ordinate to The Knot'south 2021 Guest Optimism Study, 50% of Americans are planning to splurge on wedding gifts to make up for lost time in isolation.ane
Don't let post-pandemic excitement, expensive traditions or outdated nuptials etiquette get the all-time of your budget. So how much should y'all spend on a wedding gift? I've got all the guidance you need to get a gift both the happy couple and your budget volition love.
Here are ten things to consider when deciding how much to spend on a wedding gift:
one. Your Budget
The all-time identify to start when figuring out how much to spend on a wedding gift? Your budget.
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Your monthly upkeep gives you permission to spend on the things that are important to yous. And celebrating your friends as they say "I do" is probably one of those things. Just know, yous should never spend more than on a souvenir than you can fit in your budget. So cut back a petty on restaurants or shopping then y'all tin pull off a wedding gift without going into debt.
At present, I become that you might want to go big on the wedding gift. Especially if souvenir giving is your dear language. Plus, being generous is the nearly fun you can have with coin! But the amount y'all tin can spend depends on you and your budget—not what everyone else is shelling out.
And beyond the gift, if yous're wondering how to nourish a wedding on a budget, nosotros've got you covered.
2. Relationship to the Bride and Groom
The Knot also tallied the average amount guests spend on wedding gifts. In 2019, the average guest forked over $120 per gift—but the amount ranges widely depending on the gift giver's relationship to the bride and groom. Distant friends of the happy couple spent closer to the $80 mark, while wedding ceremony party members averaged $115 per gift. Close friends and family unit invested the almost, spending about $130 per nuptials gift.2
That range makes sense—after all, when y'all're deciding how much to spend on a wedding gift, yous'd probably get a bigger gift for your sis than you would for a high school classmate. But retrieve what I said—never allow someone else's spending habits drive your decision making. Allow your upkeep and your human relationship guide your choices.
3. Price of the Wedding ceremony
There's a widespread wedding ceremony myth that goes like this: The corporeality you spend on a hymeneals gift should equal what the bride and groom spent on you. Information technology's the "Cover Your Plate" tradition, and it sounds like a marketing ploy trying to go more of your difficult-earned greenbacks.
Here's why: There's no mode to know how much a couple is spending to get hitched, and the bride and groom shouldn't count on their guests to pay them dorsum for their wedding upkeep. The couple isn't throwing a nuptials just to go gifts anyway, so set yourself free from falling for this myth. If you want even more proof, the etiquette experts at the Emily Post Institute agree—this modern myth is simply untrue.3 (Whew!)
Don't autumn for it, guys. The cost of the nuptials should not weigh into the amount you spend on a gift.
iv. Luxury Weddings
Let me make a quick notation here about luxury weddings: If the nuptials is an epic, over-the-top, fancy shindig at The Ritz, you lot might feel pressured to provide a luxurious gift. I get that. However, the money yous plan to spend depends on your relationship with your friends and your upkeep, not the venue.
The amount you spend should be the same whether they tie the knot at a park or at Cinderella'south Castle. Tiffany & Co. champagne flutes are non on you!
5. Destination Weddings
Attending a destination wedding ceremony sounds incredible, doesn't it? Exotic beaches, epic sunsets, fantastic landscapes . . . I'1000 scrolling through flights already, and I don't even have any weddings to go to!
Destination weddings may sound fun, only the further you have to travel, the more expensive it's going to be for you encounter your friends say, "I do." 1 study plant that the boilerplate cost to nourish a destination wedding was $1,320. And that simply includes travel, accommodations and food!4
Since the cost is so much greater to attend a destination wedding ceremony, the expectation for gifts tends to be much lower. And so, notice some budget-friendly options. You tin find really touching, meaningful gifts that fit your budget. Thoughtfulness is key, people!
Some couples may effort to make information technology easier for guests to come to the destination wedding by lifting the gift requirement. Don't presume this is the case, though. Our Emily Post Plant friends remind u.s. that "every wedding invitation bears the obligation of a gift."5 Unless your friends specify "your presence is your present," y'all should bring a gift, even if it is a small token. Get creative and work information technology in the budget!
six. Zoom Weddings
What if you can't hit upwards the trip the light fantastic floor, eat wedding block, or catch the bouquet in person? Yeah—I'm talking nigh Zoom weddings. How much should you spend on a wedding gift in the age of livestreamed nuptials?
This scenario is so new that the jury is still out amidst etiquette professionals on gifts for Zoom weddings. Merely I hope my reply doesn't surprise you—the amount shouldn't change!
I might audio like a broken record here, only your relationship and your budget should determine how much y'all spend on a nuptials gift. That doesn't change whether you're all dressed upwards at the big issue or wearing pajama bottoms simply off camera.
seven. Group Gifts
Joining forces with friends is a peachy mode to become the bride and groom a more than elegant gift while plumbing fixtures the nowadays in your budget. This manner, y'all tin can become in on that amazing vacuum or honeymoon excursion they registered for.
Only inquire your swain gift givers to go in with you early—otherwise they may have already committed to something on the registry, and you're on your ain.
8. Gifts From Conjugal Party Members
Speaking of group gifts, members of the nuptials political party can leap in on a grouping gift without any hard feelings too. Bridesmaids and groomsmen typically shell out quite a bit of cash for the hymeneals. Dresses, suits, hair, makeup, shoes—the cost of standing by your friend adds up! Not to mention time and try, since some wedding parties double equally the setup and teardown crew.
Demand some ideas? Crowdsource an out-of-reach nuptials souvenir that will stand up the test of time—similar the archetype KitchenAid mixer. (Talk about giving a gift that stands the test of fourth dimension—KitchenAids get heirlooms that are passed down through generations!)
ix. Cash Gifts
Here at Ramsey Solutions, everyone knows cash is rex, and that'southward true for wedding gifts also. Giving cash used to be tacky, but Millennials and Gen Zers grew upward in the age of GoFundMe. I'chiliad not suggesting you Venmo the bride, just greenbacks gifts are becoming more and more than common.
According to online wedding registry Zola, 75% of couples register for cash—and get it.6 Plus, because people are waiting longer to get married, chances are they already have dishes, that Kitchenaid mixer I mentioned, and bedsheets—but they'd really appreciate greenbacks to pay off debt or for a downward payment.vii
So, how much cash should you lot give for a wedding gift? It depends on your budget and your relationship with the couple. Surprise! (Not.)
And if you're sending a cheque or coin order, pay attention to how you lot fill out the recipient field. Yes, once the two become one, couples should combine bank accounts—but when it comes to writing a cheque, just put one name on it. That mode the bank can't reject it if their new joint account paperwork hasn't gone through.
x. Gifts for Weddings You Can't Attend
Missing out on your friend'due south big day is the worst, but at least you tin back up the happy couple with a thoughtful gift. Online planning site WeddingWire suggests $50 is the norm, and about couples don't wait to receive anything from guests who couldn't attend.8
If yous're reading this section, it ways you lot're the generous type of person who does requite gifts fifty-fifty if you tin can't attend. Style to go.
Get Started on Your Wedding Gift Budget
Weddings are a fourth dimension of gift giving, and gift giving tin can exist a challenge. But now you know the drill: How much to spend on a nuptials souvenir all comes downwardly to your relationship with the couple and your upkeep.
Only what if you don't fifty-fifty know where to brainstorm?
If y'all want to get better with money but y'all aren't certain how, we have a gratis, 3-minute Get Started Assessment that volition help you make up one's mind your starting point.
Just plug in some details most yous, your money habits, and the money goals that matter to you most and nosotros'll send you a free, customized financial plan that will let y'all finally have control of your coin. Consider it a gift from me to you.
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About the author
Rachel Cruze
Source: https://www.ramseysolutions.com/budgeting/how-much-to-spend-on-wedding-gift
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