How Big Is A Gift Card
How Big Is A Gift Card - A guide to how much to spend on wedding gifts, baby showers and gifts for everyone from teachers to real estate agents. Get what you think the gift giver wants and maybe not what you want. (Getty Images) Gift giving doesn't have to be complicated, but when you're looking beyond holiday gifts and birthday gifts for close family and friends, you may find yourself at a loss.
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How Big Is A Gift Card
After all, there are all kinds of occasions where people expect to buy gifts, such as weddings, baby showers, and housewarming. "There's a lot of pressure to get it right," says Fort Lauderdale-based realtor Omar Reiner. "A good gift helps build strong relationships, a bad gift destroys relationships." So, if you're wondering how much to spend on gifts for the various supporting roles in your life and what kind of gifts to buy,
Consider this gift etiquette guide: What's difficult and fun about these occasions is that how much to spend and what to buy is up to you. "When it comes to weddings, there's no correlation between what the host spends on you and how much you should spend on your gift," says the host of the Weekly Etiquette Podcast.
Nick Layton says, "Were you raised by wolves? So if you want to spend a fortune, go ahead. But if you're on a budget, you shouldn't feel bad about targeting low-cost items on your gift registry. You can buy something thoughtful and affordable for the couple who aren't on the registry," says Layton.
Your Money Decisions
If you know that the couple lives in small quarters, they agree that it is better to keep a registry. "While we strongly disagree (with being off the registry), we've certainly heard from some listeners citing small apartments that don't have room for a hundred decently-purposed items," Layton says.
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They have room for exactly the items they signed up for." How much to spend: If it's a close friend or family member, try spending $100 on a wedding gift. But feel free to spend less if you don't know much about weddings. This falls into the same arena as wedding gifts: spend as much as you can, but don't feel like you have to go overboard.
Our consumer-centric society forces us to shell out huge sums of money for things like weddings, baby showers and events. Everyone is in a different place financially and can't always afford an event outfit, let alone a gift," says Gary. Grewal is a Certified Financial Planner in Denver.
If money is an issue, she suggests volunteering your time to help set up the nursery, for example, how much to spend: If you can afford it, $50 to $100 seems reasonable . This can be difficult for some couples, especially those saving for their wedding.
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However, it's likely that your bridesmaids or groomsmen will spend a bundle to be in your wedding party, so it's a great gesture to show your appreciation for supporting you in either one. Important days of your life. Typical gifts include jewelry, ties or tie clips, candles, and souvenirs.
How much to spend: If your gift budget is tight, plan to spend $35 to $50 for members of the bridal party or groomsmen, but if you're feeling generous, aim for between $75 and $100 per party member. This could apply to a teacher, a pet, or anyone who regularly watches your children.
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If you're feeling particularly generous, you might want to show your appreciation to someone who makes your life easier. As with any occasion, if you don't expect or need a gift, you should spend a comfortable amount. But what kind of gift should you get?
If you lack inspiration and have a unique gift in mind, in such cases, gift cards or cash are perfectly fine. How much to spend: Denver-based professor Jennifer Knowles, who teaches at Concordia University and Colorado State University, has a good idea. She says, "During the holidays, I give a generous tip to all the people who help my family, equal to one week of their services. For example, if I pay our weekly cleaner $100 a week, then their holiday tip is an additional $100. My child's piano lessons were $30 a lesson,
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So his tip is an extra $30." Gift cards are a great idea for teacher gifts, says Knowles, who has three young children and has bought many teacher gifts. "Teachers love gift cards," says Knowles. "They get enough mugs and candles each year to last a lifetime. I try to get them gift cards to places I know they'll use, like local bookstores, their favorite restaurants, shops, or Amazon. I even take my kid. Make something for the teacher, like a handmade card or piece of art—something special the teacher can keep."
" How much to spend: Knowles says, "Usually, I stay in the $20 to $25 range." That seems like a smart plan. After all, you don't want to give the teacher something expensive that looks like you're trying to get good grades for your child.
But a $20 gift card to Starbucks makes sense. If you really want to go big, Grewal suggests buying classroom school supplies to make life easier for teachers and students. "If you know a teacher is struggling to buy a new sharpener or any supplies, you can give them," she says.
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Gift cards are often not as thoughtful as 'real' gifts and are best left for those times when you don't fully know the recipient and what to please them," Layton suggests. How much to spend: $10 to $20. Besides, you don't know the man very well.
Tax Rules Differ Depending Upon The Recipient
You probably want to brighten his/her day. Are you especially grateful to a real estate agent for helping you find the perfect home or sell it? Well, wrapping presents is one thing. But it's not expected, so don't worry if you bought a house a while ago and never thought of buying your real estate agent as a gift.
But if you like the idea, "Typically, we see retail home buyers and sellers give agents simple gifts like gift cards or flowers," says Reiner, president of FL Cash Home Buyers LLC in Fort Lauderdale. "Personally, when my wife and I bought our first house, we bought it directly from the seller and gave them a big bouquet of flowers," Reiner says.
How much to spend: If you're not burdened by the cost of buying or selling a home, a thank-you gift of between $20 and $50 seems reasonable and generous. Cash and gift cards as gifts. It's an easy choice, but consider the consequences. "Cash and cash equivalents can sometimes feel like more of a tip than a gift, so be aware of that and make sure that's really the message you want to send," advises Layton.
Read the room. In other words, get what you think the gift giver wants, maybe not what you want. Layton says, "In general, etiquette is about being considerate of other people: their time, place, feelings, and property." It's a thought to really consider. Keep this in mind when you're on a tight budget.
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