The Price of a Wedding Gift Is Getting Out of Hand

The Price of a Wedding Gift Is Getting Out of Hand

You’ve bought the dress, paid for the plane tickets and dropped major coin on the engagement party and bridal shower.

Next up: the actual gift. If you plan to give cash — the preferred present for a growing number of Millennial brides and grooms — then make room in your budget for another $160.

That’s the average dollar amount of a cash wedding present, according to a new survey by money registry site Tendr.com, which conducted a poll and crunched the numbers, coming up with this national average.

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Thing is, how much you’ll likely shell out depends a lot on the state where you're from — which can be good or bad news for your bank account.

Live in Vermont? Yikes, it’s going to cost you: The average cash gift here is $245. Cash gift amounts in Rhode Island, Connecticut and New Jersey are the next three highest according to the survey, running $235, $200 and $198 respectively.

If you're from Arkansas, you can save money. At $73, the average cash gift is a downright bargain. Same for weddings in Indiana and North Dakota, where the average cash outlays are $86 each.

Of course, wedding etiquette experts would probably frown on the idea of basing your gift amount on the average in your state  ... even though the costs involved in attending weddings these days can be totally out of hand, and you need to cut corners wherever you can to attend one.

The right way to come up with a gift amount is to evaluate how close you are to the nearlyweds, factor in your own budget and then determine a number that reflects your relationship and your financial reality.

RELATED: How to Save Money on the Wedding of Your Dreams

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