After receiving a wedding invitation, one of the first things you might do is to start thinking about what you could give the happy couple.
Guests still usually bring a present to a wedding, even though conventional wedding etiquette has changed over the years.
Gifts are a thoughtful way to show your congratulations to the happy couple and your appreciation for being a part of their big day.
You’ve decided to buy the happy couple a wonderful wedding present from their online registry, but you’re still trying to decide what to spend.
Here’s a little-known fact: There’s no hard & fast rule about how much money you should give as a wedding present.
You probably want to spend the correct amount on the happy couple, even though traditional etiquette states that presenting a wedding gift isn’t necessary but is highly suggested.
We’ve consulted etiquette experts and collected statistics on actual wedding guest spending to help you determine the acceptable amount to give as a wedding gift in 2023.
Below, we specify how much Money is appropriate to spend on wedding gifts for friends, acquaintances, and strangers. We also address some of the most often-asked topics regarding wedding gift etiquette.
How About Cash as a Wedding Present?
Yes, Money makes a fantastic wedding present.
They can put it toward whatever they choose, which is why Money is a great wedding present. Gifting the happy couple money is a terrific way to help them get their life started as a married couple, take a memorable honeymoon or do anything else they feel is most important at the time.
Indeed, nowadays many people getting married would get money rather than a physical present. You can use the Money for anything you want. Plus, coffee makers don’t last forever, either. In all sincerity, we are already on our third.
We’re here to offer some advice on adequately presenting monetary wedding gifts. Learn the ins and outs of giving a monetary wedding present here BEFORE you fill out the card.
How Much to Give for a Wedding Gift Cash in This Season
Money as a Wedding Gift
There are a few things to remember. If you are very close to the couple, consider giving a significant gift; if you are just a casual acquaintance, consider giving a modest gift.
In addition, think about the couple’s financial situation. Although you may financially strap the couple, a sizable gift is still possible. It’s also essential to think about the couple’s shared passions.
Gifts of Money are a great alternative to traditional wedding presents. There’s always the option of asking the bride and groom’s parents for a gift if you can’t afford to offer one.
It may be more appropriate to offer a more personal gift if you have already spent a lot of money on the wedding.
In this day and age, when many couples are getting married after having already amassed a sufficient supply of household goods, monetary wedding gifts are much appreciated.
Wedding attendees typically shell out a sizable sum to be there. No doubt they have already laid out cash for transportation and lodging. You should avoid adding to that cost.
Think about the cost of the wedding itself as well as the honeymoon. Cash wedding gifts are helpful for guests who want to save money but want to spend only what is necessary. In this approach, you can avoid the temptation to waste Money.
The consensus is that a cash wedding present between $50 and $75 is suitable for most guests. The cheaper option is acceptable if you travel long distances or are on a tight budget.
Most millennials will only want to spend a little money on wedding gifts because they are just starting their professions and are responsible for paying their monthly bills.
Think about how much you’ll need for various wedding-related costs in 2023 as you plan your big day. As an illustration, a wedding present shouldn’t cost more than 10% of your monthly income.
Instead, if you’re comfortable with your financial situation, consider donating to that ballpark. Think about the cost of traveling to the wedding as well. Gifts to the happy couple can include more than just Money.
Put the Money in an Envelope and Enclose It With the Card
Do not offer cash as a wedding present unless accompanied by an appropriate card. Put the Money or check in an attractive card with a heartwarming message, and sign your name, so the happy couple knows who to thank. You should place the card in a card box at reception upon arrival.
Can We Provide a Group Gift for a Wedding?
If the couple’s registry ideas exceed your financial means, it may be best to provide a collective gift instead of individual presents.
You may have your eye on a costly item for the pair but need more financial money to purchase it.
It is the place to recruit your closest companions, friends or relatives. Joining the wedding party is a bonus. You’re about to give a significant group presentation.
In other words, this is a way to acquire more and spend less. If you all chip in for the wedding present, you may split the cost and pay less overall.
Spending on a Wedding Gift for a Relative or Close Friend
If one of your closest friends or relatives is getting married, you probably want to give them a more lavish wedding present.
Most people are okay with spending a significant amount of money on a cash or monetary wedding gift for a friend or family member.
Considering that the national average is $160, you may spend between $100 and $200 on a present for a close friend or family member.
If you’re also at the wedding party, Volcom advises taking stock of how much money you’ve already spent on the couple’s engagement and shower gifts and the bachelor and bachelorette parties.
For this reason, she believes “a more heartfelt gift rather than an ostentatious gift is fine.” Since you played such a significant part in planning their special day, you would greatly appreciate even a small token of your appreciation.
How Much Should I Spend on a Wedding Gift for a High-End Event?
The wedding’s socioeconomic status shouldn’t determine the kind of present given or the amount of Money spent on it.
A wedding in the park will cost the same as a wedding in a castle as far as the present goes. You should only feel obligated to accept invitations if they’re extended to you, because they’re held at a fancy restaurant with exotic decor, or because the couple has a prestigious background.
Do not go into debt trying to purchase an appropriate present. The value of your wedding present is not contingent on how well you know the happy couple. It would help if you did not judge them for the lavish wedding they opted to have.
Here Are Five Ways to Figure Out How Much Money to Give as a Present
1) Check Your Budget
If you have a monthly spending plan, consider how much money could be used for a present. For example, if you have a lot of weddings to attend in one month or your bills are higher than usual, you may have less left over for gifts.
You should avoid stretching or breaking the bank to buy a wedding present. It’s best to base your charitable contributions on your monthly budget.
2) Think About How Much It Will Cost You to Go to the Wedding
Your attendance at someone’s wedding is a gift, and it’s easy to overlook that. Consider adding the cost of travel and lodging to your present of Money for the couple’s wedding.
If the wedding requires short-distance travel, such as a car ride or a single night in a hotel, I usually reduce my gift by 15%. If it involves flying and staying in a hotel for numerous nights, I reduce my donation by 30%.
3) If You’re Bringing a Plus One, It Will Double Your Contributions
In this case, if you’re bringing a plus one, you could choose to increase your donation. Remember that it costs the couple money to have that individual there if they are far away. An additional gift given on their behalf is a thoughtful and appreciated gesture.
I usually give 30-50% more than I would for a regular wedding present if the person is a stranger to the happy couple.
When someone has a connection to the couple, I ask for a more significant gift or encourage them to contribute something more.
4) Think About How You Know the Couple
Consider your connection to the couple if you have any wiggle room in your gift budget. In the case of a close friend or relative, you may feel compelled to give more than usual to assist them in establishing a solid financial foundation upon which to build their future.
My general rule is to increase my donation by between 50% & 75% If the recipient is a close friend or member of my family.
5) Take a Look at Your Current Financial Standing
The golden rule for wedding presents is to provide only what you can reasonably afford.
You can discover gifts in a wide price range on the register, so you can still show your support even if your budget is tight. Or, you can just offer just a card and send a present later on if it feels suitable.
How much do you give for a wedding gift of Money for a couple in 2023 in Canada?
Generally, a wedding present should cost between $100 and $200; however, this rule has a few exceptions.
Is $200 cash a good wedding gift?
A good rule of thumb is to give the couple a present of $50 if you are acquainted with them through work or other social circles. In contrast, if the visitor is local, they should probably shoot for $100 or more.
How much can a married couple gift to a married couple?
You are restricted to a yearly total of $16,000 in gifts to any person. The maximum amount a married couple can gift to any individual or group is $16,000. Giving someone a gift higher than the yearly exclusion level requires you to include it on your tax return.