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Stumped on what to give the 2014 graduate after they collect their hard-earned diploma?
A new survey from RetailMeNot found that half of consumers think money is the best way to congratulate a new graduate. But how much money is adequate? That depends on the graduate’s level of schooling. According to the survey:
Am I really cheap, or do those monetary gifts seem steep? I didn’t expect, nor did I receive, anything close to those amounts when I graduated from high school or college. Sure, that was a decade ago (OK, a decade plus a few more years), but I can’t imagine giving that kind of money as a grad gift.
If you’re looking to give a graduation gift without breaking the bank, check out this list of budget-friendly grad gifts.
Many college graduates have large student loan debts to repay, so money would seem to be a practical and welcome gift.
The survey also indicates that graduates wish they would have received more advice about the realities of adult life, including: saving money, avoiding spending beyond their means, being wary of credit cards, finding a job quickly and investing. After all, they’re facing a brutal job market.
This post originally appeared on Money Talks News.
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