Tips to help you budget
By Sara Doerrier
October 29, 2018
A wedding can be costly. Not just for the couple getting married but for guests too. That is why figuring out how much money you should allot towards a wedding gift is important. There are several factors to consider when pondering this question. Before you check out the registry or write that check, read these helpful tips and it should help you stay within your budget and give you an idea of how much you should spend on a wedding gift.
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Are you close with the couple?
The better friends you are with the bride and groom, the more money you should spend on the gift. That goes the same for family members. The less you know the couple, the less you spend on the gift. Don’t feel pressure to get them that $300 juicer they registered for if it’s somebody you were surprised to receive a wedding invite.
What can you afford?
Are you in the position to be forking over hundreds of dollars in a wedding gift? If you are not in the financial position to be so generous – i.e. recent graduate, first job, just bought a house – don’t sweat it, your friend/family member will understand.
How much are you spending to get to the wedding?
Are you flying across the country to attend a wedding? If so, your travel expenses might set you back quite a bit. Your traveling a great distance to attend a loved ones wedding – in some cases this is gift enough. But, if you still want to give something, it doesn’t have to be over the top. A simple, yet practical gift will do fine.
What is normal for that part of the country?
Take your wedding locale into account and make sure that you are being reasonable. The amount guests spend on a wedding gift in, say; New York City will be very different from a small town in Nebraska.
How many people is the gift from?
Are you bringing a date? Kids? Your gift should reflect the number of people you bring. The more guests your bring or include the more the gift should be.
How much did they give you for your wedding?
Use this a way to gauge how much you should give. This way, feelings will be sparred. If you give way less/way more, the couple you are gifting may be offended.
How well are you being treated?
If the bride and groom are paying for all the costs, such as travel to a destination wedding, inviting you to weekend getaway, or multiple wedding events (especially if it includes food) the wedding gift budget can be increased. On the flip side, if they are hosting a backyard BYOB shindig, there is no need to break the bank on a gift.
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