If you've ever given money as a gift, how much did you give? This is a tricky question and probably something that not a lot of people talk about. How much money is appropriate as a gift for various occasions?
For weddings, we typically give enough to cover the cost of our meal in addition to a monetary gift for the bride and groom. For example, if the meal costs around $50 each, and two of us attended, then we would give $200 or so. Does that sound about right? Or what if you were invited to a wedding/reception, but didn't attend? How much do you give then if at all?
Birthdays/Christmas, it really depends on the person and how they are related to me. Immediate family members get the most, then come good friends, then regular acquaintances. I find though as we make more money, the gifts seem to get bigger.
New Babies, $40-$50 seems to be a pretty standard gift that we received. I'm not sure if this is normal. What do you give to new parents?
What rule of thumb do you use for monetary gifts?
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