Giving cash as a graduation gift is increasingly popular. Graduates can spend the money as they choose, and money is always appreciated. Deciding how much to give can be difficult.
Relationship with Graduate
When deciding on a graduation gift, consider how close you are with the recipient. Close family members or friends usually give more money than distant relatives. Hallmark Consumer Research conducted a survey and found that 67 percent responded that close relatives should give at least $50, and 88 percent believed that $25 for distant relatives was acceptable.
When giving a gift your personal finances should guide you. A gift is a personal way to acknowledge a special milestone in the graduate's life so give an amount that is comfortable for your lifestyle and finances.
If you are giving a gift because you are invited to a graduation party, decide whether you are attending. If you are unable to attend, a gift is unnecessary, especially if you are not a close relative.