How much money is appropriate for you to spend on a gift for somebody? Isn’t it a conundrum? If you both agree on a set price, then you may as well not buy anything at all. Sheldon from the Big Bang Theory feels very strongly about this! Setting a limit can be OK in some cases. But what if you don’t feel good discussing this with them? You need to come up with a budget all on your own. This guide should give you some perspective and help you to come up with the perfect gift budget!
Giving What You Feel Comfortable With
If you’re unsure of what to spend on a gift, you need to ask yourself honestly what you feel comfortable with spending. You don’t necessarily need to consider anything else once you’ve come up with the amount. You shouldn’t consider how much they have spent on you or anything like that; it isn’t about giving a gift of equal price value. A less expensive gift could be just as valuable if you put enough thought into it! Consider the amount you earn and how much you can afford to come up with an amount you feel comfortable with. Bear in mind that there are all kinds of ways you can buy gifts for a fraction of what you’d usually pay – I love using coupons!
Is the Occasion Important/Unique?
How special is this occasion? If it’s a housewarming gift, you don’t need to spend much at all – afterall, you may have many more housewarming gifts to purchase in the future. However, a wedding usually only happens once, so it makes sense to spend a bit more. If you just want to treat someone for no reason, giving scotch as a gift, or something similar is a good idea.
What’s Your Relation to the Person?
Your relation to the person will usually dictate the amount you spend too. You’ll likely spend more on your spouse or child than you would on a friend or godchild. It just wouldn’t be feasible for you to spend as much on everybody as you would on your own children!
The Thought You Put in
Giving gifts isn’t all about the money you spend. It’s about the thought. It might sound cliche and cheesy, but it’s so true! Giving a really expensive gift that you haven’t put much thought into won’t necessarily mean a lot to the receiver. You could buy something dirt cheap, but if you’ve taken everything into consideration about what the receiver likes/dislikes, you’ll get a much better response from them.
I hope this has helped you to get some clarity on how much you should be spending on gifts for different occasions. If you don’t feel comfortable spending a certain amount on a gift, then don’t be afraid to spend less. The fact you’re giving a gift at all will mean a lot! What are your thoughts on gift giving? Let me know by leaving a comment below!