Selasa, 13 Oktober 2009

How Much Money to Spend on a Wedding Gift?

Whenever you go to a wedding, you probably ask yourself "How much money to give for a wedding gift" or "how much money to spend on the wedding gift"?

There are of course several approaches to calculate how much money to spend:

  1. The "how much the meal cost" approach - is to estimate how much your meal costs and cover that costs (so if you brought a date to the wedding you should spend at least twice the meal cost). The hard part with this approach is estimating the cost of the meal.
  2. The "spend as much as you can" approach - which basically says that you should spend as much as you can afford.
  3. The "hard numbers" approach - suggests the following hard numbers: $75 if you come alone and $150 if you bring a date (these are June 2008 numbers). You should increase this number to $100-$125 for a relative or friend, and if it's a close friend or close relative, to anywhere from $100 to $150.

If you are planning to give the couple an engagement gift and a shower gift in addition to the wedding gift, The Knot suggests that you come up with a total expenditure that feels right to you and then divide it as follows:

20% of your total on the engagement present
20% of your total on the shower gift
60% of your total on the wedding gift

As with any gift, no matter how much you end up spending, the most important thing is that it comes from the heart!

Enjoy the wedding!

SimchaBucks was created to help event goers decide out how much money they should spend on a present for an occasion, such as weddings, bar/bat Mitzvahs, baby showers or graduations.

For event holders, SimchaBucks can help estimate how much money they can anticipate receiving.

SimchaBucks can also help event holders manage the thank-you note process, by recording the names of the gift givers and the gifts given. This makes tracking and acknowledging this gifts easier.

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