Wedding Gifts: How Much Should You Spend?

Unlike fleeting aspects of a wedding day, a carefully selected gift has the potential to endure over time. It can serve as a lasting token of your relationship with the couple and the joyous occasion you shared. Canstar explains how much you should spend on a wedding gift in this handy guide.

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How to determine your gift budget

The amount you should spend on a wedding gift can vary based on several factors, including your relationship with the couple, your budget, and local customs. Here are some general guidelines to consider:

1. Your relationship with the couple

Your level of closeness to the couple is a crucial factor. Close friends or family members might typically give a more substantial gift than acquaintances or distant relatives.

2. Your budget

Consider your own financial situation and set a budget for the wedding gift. It’s essential to choose a gift that you can comfortably afford.

3. How much you’ve already spent on the wedding

If you’re attending a destination wedding, or have incurred significant expenses to be present at the celebration, it’s okay to adjust the gift amount accordingly.

Cash gifts: what’s the right amount?

If you choose to give cash, the amount can depend on factors such as your relationship with the couple, the cost of the wedding, and local customs. In some cultures, specific amounts may be considered traditional.

A general rule of thumb is to gift an amount equivalent to what it cost to host you. While you may not be certain about how much the bride and groom are investing in the wedding, you can get a general idea from the location and tone of the event.

However, there is no ‘right’ amount of money to gift. Be sure to consider your financial situation before deciding how much to give the couple. You don’t want to break the bank trying to impress the newlyweds.

How much should you spend on a gift?

Cash gifts can seem like the easy way out for many, and having the happy couple know exactly how much you’ve spent often adds extra spending pressure. This is why traditional wedding gifts are often the preferred choice.

Many couples create a wedding registry, which is a curated list of items they would like. It’s a convenient way to choose a gift that the couple will appreciate. Look for the registry details on the wedding invitation or ask the couple directly.

If there isn’t a wedding registry, consider personalised gifts or a gift that aligns with their interests. Again, consult your budget before heading to the store.

Remember, the thought and effort you put into selecting or giving a gift are often more important than its monetary value. It’s the gesture that counts. If you’re unsure, consider what you believe is a thoughtful and meaningful contribution that is within your means.

Group gifts

Group gifts can be a great way to buy the couple something they truly desire without breaking the bank. If you’re part of a group of friends or family members contributing to a collective gift, coordinate with others to select a larger, more significant gift that the couple will appreciate.

Splitting the cost of a gift can result in spending less overall, while avoiding the guilt of buying something generic that the couple may not use.

Compare credit cards

Despite the excitement a wedding can bring, there’s no denying they often come with monetary pressures! That’s why we – here at Canstar – compare financial products to help you make the best value choices. Signing up for a credit card with low or no fees is a great option to help you manage the costs of attending a wedding. If you make your repayments on time, you’ll be able to purchase that perfect outfit and a wedding gift without having to pay any interest at all. Click the button below to compare credit cards.

Compare credit cards with Canstar

About the author of this page

This report was written by Canstar Content Producer, Caitlin Bingham. Caitlin is an experienced writer whose passion for creativity led her to study communication and journalism. She began her career freelancing as a Search Engine Optimiser, before joining the Canstar team.

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