Is It Okay To Give Money As A Gift These Days? Here Are The Things That You Should Remember

It’s been a practice of many elders to give their nieces, nephews, grandchildren, and other kids the gift of money on their birthdays, Christmas, and other festive occasions. Some would also give money as a gift to newlyweds and to their friends who are celebrating an important milestone in their lives. While money is something that anyone would really appreciate, it is still considered offensive to some people. These people would say that if you give money as a gift, it’s equivalent to saying that you do not put much thought on the gift and on the recipient’s wants.

Here are some thoughts to ponder on if you want to give money as a gift this Holidays season:

Most people would give money as a gift to kids, especially to their grandchildren, nephews, nieces, or even to the neighborhood kids. It will teach them how to manage their money at a young age and how to budget it according to their wants and needs. When you give cash as a gift to the kids, you can expect that the money will be spent responsibly on things that will make them happy the most. 

Most people give money as a gift because they are worried that they might give something which the recipient does not really want. They hate to give generic gifts that will be of no use to the recipient, hence, they give the gift of money so they are free to spend it on things that they actually want to buy. Keep in mind that it’s the thought that counts. Most people are grateful to receive cash or anything on Christmas and on any other special occasion. 

Cash is said to be one of the most welcomed gifts according to Elaine Swann of The Swann School of Protocol. To give cash creatively, include a note or put it in a nice wallet depending on the occasion. If it is in the form of digital cash, most banks and cash transfer apps offer an optional message to be included in the money transfer. Some apps offer customized e-cards that you can use for free. 

If you are one of the people who still deem it inappropriate to give money as a gift, perhaps, you can gift a cash certificate instead to make it more thoughtful and memorable for the recipient. You can give it as a e-gift card sent to the recipient’s email. Or make it creative by printing the card with the gift code in it, personalized according to your preference.

Money is still an acceptable gift these days. In fact, most people would be beyond grateful to receive it, especially at this pandemic. When you give money as a gift, give according to your budget and go overboard. Cash is a perfect option to give the kids to teach them financial responsibility but remember that it’s always the thought that counts.