How Much Should You Spend on a Gift?

Deciding on a gift budget just got easier Balance your spending with the occasion, relationship, and budget. Thoughtfulness matters more than price tags, so stay stress-free and show you care.

Deciding how much to spend on a gift can be tricky, as it depends on the occasion, your relationship with the recipient, and your budget. When it comes to special occasions like weddings, birthdays, and holidays, people often seek guidance from etiquette guidelines, but the most important thing is to choose an amount that feels comfortable for you.

For weddings, the average guest spends around $160 on a gift, but for close friends, this amount can rise to $200. If you're attending a wedding, consider what you can afford and how close you are to the couple. For birthdays, spending between $15 and $30 is common for casual acquaintances, while $50 to $100 is more typical for close friends or family members.

If you're wondering about general gift budgets, many people create an annual budget to stay on track. The median gift-giving budget is around $300 per year. It's also helpful to consider setting a per-gift budget or discussing spending limits with friends and family to ensure everyone is comfortable.

Ultimately, the thought behind the gift matters more than the price tag. You can make gifts more meaningful by being creative or donating to a charity the recipient cares about. Remember, staying within your budget is crucial to avoid financial stress. The idea is to show you care without breaking the bank. Whether you spend a little or a lot, what matters most is the love and thoughtfulness you put into selecting the gift.