![]() Generally, it’s not cool to give financial gifts to your significant other for any occasion. Etiquette When Giving Moneyįor Whom is Cash Appropriate? – It is important to know the etiquette regarding when – and for whom – cash is and is not appropriate as a gift. If the giver insists, then graciously accept their offering without further protest. ![]() If You Protest, Do So Only Once – Finally, in the event of a spontaneous “gift” – let’s say a friend wants to reimburse you for a favor you provided them or reimburse your for gas or other expenses, it is perfectly OK to decline the gift (if you wish), but only once. For the recipient to talk about somebody’s cash gift is insensitive, for a giver to talk about how much they gave is classless and uncouth. As with most financial matters, cash gifts should be held confidential. Never Discuss Financial Gifts – Never disclose to anybody else how much somebody gave. It’s almost like non-profit organizations provide stewardship reports to donors describing how their charitable gifts are well-spent. Show equal appreciation for gifts large and small, as a small gift from a peer on a limited budget may have been a bigger stretch than a large check from a rich relative.įollow Up on Large Gifts – If you receive an especially large gift – generally over $1000 – perhaps for a specific purpose like college tuition, graduation, or a wedding – it’s especially polite to send additional thank you notes reiterating your appreciation and describing how their gift has helped you. Show Your Appreciation – If you are lucky enough to receive a cash gift – for your birthday or perhaps your wedding – thank the giver for their generosity both at the time of the gift (if given in person), and with a thank you note. Asking for financial gifts – no matter how badly you would rather have some extra funds to pay the bills than a new George Foreman Grill – makes you look greedy. The decision to give cash should always be with the giver, never the recipient. Never Ask for Cash – First, if somebody asks you what to get you, never say “cash”. Loan Payoff Calculator: How Quickly Can You Repay Your Loan?.Auto Loan Interest Calculator: Monthly Payment & Total Cost.Free Monthly Budget Spreadsheet for Excel & PDF.How To Pay Medical Bills You Can’t Afford.Best Car Insurance For College Students.Should You Get Home Contents Insurance?.How Much Should You Contribute To Your 401(K).How Much Do You Need To Have Saved For Retirement.The Beginner’s Guide To Saving For Retirement.How To File A FAFSA As An Independent Student.How to refinance your car loan in 7 steps.Best Personal Loans For Excellent Credit. ![]() Understanding Overdraft Protection and Fees.Best High-Yield Savings Accounts Compared.
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