This summer, I had a unique opportunity to delve into the etiquette of gifting for college graduations.
Attending three sibling graduations, the question, “How much money should I give for a college graduation celebration?” was front and center.
From my experiences and some additional research, I’ve gleaned some insights to share.
Firstly, consider your budget. Remember, a gift is an expression of love and support, not an opportunity to put yourself in financial trouble. Determine an amount that you are comfortable giving without straining your finances.
The depth of your relationship with the graduate is another factor to consider. Typically, closer relationships like parents or grandparents might lead to a higher amount being given. Siblings, aunts, uncles, and cousins might give a moderate amount. For more distant relations and friends, a smaller gift is generally acceptable.
Geography and culture can also influence the perceived appropriateness of the gift amount. Some cultures and regions have specific traditions surrounding graduation gifts. Respecting these customs can help guide your decision.
Consider the intended purpose of the gift. If the money is meant to help the graduate set up their first apartment or relocate for a job, a more generous amount might be appropriate. However, if it’s just a token of congratulations, a smaller sum could suffice.
If you’re looking for a guideline or range, surveys suggest that most people give between $50 and $500 as a graduation gift, with $100 being a common amount for close friends and family members.
But what if you’re uncomfortable giving money or want your gift to be more personal? Consider alternatives. A thoughtful gift related to their field of study or a well-chosen item for their new life post-college can be just as appreciated.
Then, there’s the method of giving. You can directly transfer money, give a check, or put cash in a celebratory card. If the graduate is moving away or traveling, a check or digital transfer might be more practical and secure.
Ultimately, remember that giving is not just about the gift but also about the sentiment behind it. A heartfelt note of congratulations, expressing your pride and offering your best wishes for the future, can make your gift even more meaningful.
Deciding how much money to give for a college graduation doesn’t have to be a source of stress. Keep in mind your financial situation, your relationship with the graduate, and the intent behind your gift. Whether you give a lot or a little, the graduate will appreciate the gesture of support and acknowledgement. At the end of the day, it’s the thought that counts, and any gift given with love will surely be cherished.