Ask Mike: How much for a wedding gift?
Hey Guys,
Wedding season is here. And that means gifts. Lots and lots of gifts. But how much (or how little) are you supposed to spend? Don’t get guilt-tripped into dropping $200 on a deluxe fondue set for your second cousin once removed — read on for the skinny on what to spend.
Not trusting myself to give tips on etiquette, I went to the experts over at The Knot, a site that specializes in all things nuptial. Their rule of thumb — no matter what, don’t drop less than $50 on a gift. It’s bad form. If the person is a coworker or relative you aren’t close to, aim for $50 to $75. For a friend or relative, prepare to spend between $75 and $100. And for a close relative or close friend, shoot for $100 to $150.
That may sound a bit cold — putting a dollar amount on your relationship, but it’s important to remember that weddings can be very expensive, regularly going for tens of thousands dollars. The average cost of a wedding is $27,021 (not including the honeymoon). Gifts go a long way toward offsetting the big costs. Those designer napkin rings at the reception don’t grow on trees, folks.
Thanks for reading,
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