How much money to give for a college graduation gift? If you’re planning to give cash as a college graduation gift, you should keep your budget in mind. The last thing you want to do is give too much money. Instead, give a gift that is both meaningful and realistic. If you’re not sure how much money to give, consider getting a briefcase set to use as a college graduation gift. This is a great way to show your appreciation and help the graduate manage their cash flow.
Consider your budget when budgeting for a college graduation gift
When budgeting for a college graduation gift, it is important to consider your budget. It can be difficult to decide how much to spend on a special graduation present, and you may find yourself going over budget at some point. Luckily, there are many ways to keep costs to a minimum while still getting a wonderful gift.
Considering your budget for a college graduation gift 2022 can help you find a gift that will meet your graduate’s needs now and in the future. Gift cards are a convenient and safe option. Popular brands offer gift cards that can be used to purchase school supplies or work-related items.
Avoid giving too much money
When giving a college graduation gift, the main goal should be to avoid giving too much money. You should aim to give a modest amount and not to go over your family’s budget. Moreover, the amount should not be so high that it would be embarrassing for the graduate or the parents. However, you should not avoid giving a small gift to a graduate who has become a responsible adult.
When deciding on the amount of gift to give, consider the closeness between you and the graduate. If the graduate is a close friend, then the amount should be lower than if the graduate is a distant relative. However, if the college graduate is your niece or nephew, you should still give her a modest amount.
Consider your income when giving cash as a college graduation gift
When you’re giving cash as a college graduation gift, it’s important to consider the graduate’s income. Whether she’s a recent college graduate or a seasoned professional, the amount should be appropriate for her. If you’re giving cash for her tuition, consider her academic achievements as well as her non-academic and athletic accomplishments. Also consider whether you can afford the gift or not.
Providing extra money is always welcome, but the extra money might help her learn money management skills. If she’s still in college, this could be a good time to introduce her to financial planning services. However, financial planning may not be at the top of her wish list. If you’re unsure about the recipient’s budget, consider splitting the gift into two parts: a now and a later component.
Consider giving a briefcase as a college graduation gift
When it comes to graduation gifts, cash and cards are the traditional options. However, you can also consider giving something else. In a recent survey, cash was the most common gift for graduates, and the average price of a graduation gift was $119. Consider the recipient’s profession and what they would appreciate most in a graduation gift. Besides cash, consider giving something that could help the new graduate decorate their new office.
A college graduate might have walked to class every day, or they may have moved to a new city. If they live in a new city, a subway pass or monthly pass can come in handy. Also, a business card holder can be useful to protect their new business cards, which they will need to use on the road.
Consider giving an Airbnb gift card as a college graduation gift
Giving an Airbnb gift card is a great graduation gift idea. This travel service offers nearly 5,600 unique places to stay around the world. Its gift cards start at $25 and can be as much as $500. They can be purchased directly from the website or from retail partners.
Although Airbnb gift cards are not inexpensive, they can provide travelers with a unique and inexpensive travel experience. A $25 gift card can get you a trip to anywhere in the world for a fraction of the price of a hotel. Many graduates take trips soon after graduation.
In addition to gift cards, you can give the grad a handwritten note as a graduation present. You can share a fond memory with the graduate, or share the reason you are excited to celebrate their accomplishment. A handwritten note can also help you remember the graduate’s contact information after graduation.
Read also: How Much to Spend on Wedding Gifts
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