The Etiquette of Giving Money as a Gift

Giving a gift of money is simple and complicated. It is simple because one size fits all, meaning the giver does not need to worry about sizes, colors or duplicate giving. It is complicated because to many people, a gift of money means the giver did not care enough to shop, buy and wrap an item of meaning. Though most people like getting a cash gift, they are not sure how or when to give a money gift.

Function

A money gift is appropriate for a distance gift, where shipping is costly and difficult. Money is always appropriate for children and college students. It is welcome for a group gift, such as a money tree or a honeymoon fund. Gift registries usually offer gift cards or certificates in any denomination appropriate for a marriage, graduation or new home.

Types

Money can be given as cash, a gift card or merchandise certificate. Gas cards or bank cards are popular for younger people who are going to school or moving to another city. A money gift is often an investment of stocks, bonds or trusts that cannot be spent as easily as cash and that represent building assets for the future. Savings bonds to children often are helpful in helping them learn about interest earned on money.

Considerations

The way money is given is important. A wise giver shows that thought and effort went into the gift; adding a handwritten note, tucking the money into a small gift or choosing a gift card from a favorite store adds a personal touch. Donations to a nonprofit cause or charity is a popular way to mark an event without offending someone who is not comfortable receiving a cash gift.

Features

Cash can be a fun gift. Give money folded into origami, a small billfold of travel cash for a trip or a piggy bank full of change. Money given as precious metals or commemorative coins offers beauty and value; choose an interest of the person and make a quick gift of money and hobby. Use a small gift basket, tuck in money or a gift card, and small gifts suited to the person. You can also give a decorative item, such as a coffee mug or vase stuffed with crisp currency and topped with tissue and a bow.

Benefits

Everyone uses cash. A coffee gift card for the commuter, restaurant card for the traveler or handful of quarters for the youngster will be used. Given with tact and a sentiment suited to the event, money is appreciated. The giver does not need to fret over lifestyle suitability, returns or receipts.

Resources

• U.S. Mint