How Much Money Should You Give to Your Daughter as a Wedding Gift? (Updated 2024)

Wedding gifts have evolved significantly over time. In many ancient cultures and a few remaining modern ones, the concept of a dowry was prevalent, where the bride’s family would provide a substantial sum of money, property, or goods to the groom’s family. This practice was meant to secure the bride’s future and demonstrate her family’s wealth and status. Over the centuries, as societies progressed and gender roles evolved, the tradition of dowries diminished, giving way to more modern practices of gift-giving.

Today, monetary gifts have become a popular choice, particularly in Western cultures. Unlike dowries, modern-day monetary gifts are typically given to the new couple by the families and guests to help them start their new life together. This evolution reflects changes in economic structures, family dynamics, and societal expectations. According to a recent study, most families today pay for about half of a daughter’s wedding expenses, but it varies from family to family depending on finances, traditions within your own family, and local expectations.

Traditionally, the bride’s family footed almost the entire cost of the wedding, the average cost of which has risen to $35,000 in the United States in 2023.  And experts suggest planning at least 10% of whatever budget you decide on for last-minute emergencies (another $3,500 in this example). Everything from cake to venue to planning to accommodations for out-of-town guests has been the responsibility of the bride’s family.  But the groom’s family also has a few traditional contributions to make to this important day for their children.

Expenses for the Bride’s Family

• Engagement party
• Wedding dress (including veil and any accessories)
• Wedding planner or coordinator
• Printed materials such as invitations, stationery, save the dates, and wedding programs
• Photography and videography
• Transportation and accommodation for bridesmaids
• Pre-wedding parties and showers
• Ceremony venue
• Reception venue
• Flowers and décor
• Wedding cake
• Morning-after brunch

Expenses for the Groom’s Family

• Honeymoon
• Marriage license and officiant fee
• Rehearsal dinner
• Bride’s bouquet, boutonnieres, and corsages
• Transportation and accommodation for groomsmen
• DJ or band
• Alcohol for wedding reception

Today, with more people getting married later in life, more non-traditional styles of wedding (destination, cruise, courthouse, handfasting, minimalist), many couples pay for at least a portion of their own wedding expenses and some choose to foot the entire bill. In an effort to completely personalize their wedding, couples are turning to custom options like custom wedding rings and themed ceremonies that they design themselves, leaving parents wondering what to give as a gift if paying for the wedding is off the table.

Current Trends and Cultural Variations

In more and more contemporary weddings, monetary gifts are a common trend. Many couples prefer cash gifts to help with honeymoon expenses, home purchases, or savings. This trend is particularly strong in countries like the United States, Canada, England and Australia, where wedding registries often include cash funds alongside traditional gift items.

However, wedding gift-giving customs vary widely across cultures. In Asian cultures, such as Chinese and Indian, it is customary to give monetary gifts in red envelopes or decorative boxes, symbolizing good luck and prosperity. In contrast, many European countries like Greece, Italy, and France emphasize more traditional gifts or contributions toward specific wedding expenses. In Africa, most gifts are very traditional such as household items and celebrate a family’s status.  There, families exchange gifts with each other as well as the new couple to cement the relationship.

Factors to Consider When Deciding the Amount

1. Have a Heart-to-Heart: Sit down with your daughter and her prospective husband to hear their vision for their big day. This is the time to have a very real conversation about the financial aspects of their vision. What they want and need for the wedding day, honeymoon, and for their future together. At this point many elaborate wedding plans are changed in order to concentrate on a lavish honeymoon or the downpayment on a future home. A smaller contribution to wedding expenses and a larger financial gift for the future can come from these discussions.
2. Your Financial Situation: If you’re not made of money, it’s absolutely vital to make sure you only give what you can without jeopardizing your own financial situation for a one-off event. Give an amount that reflects your love and support without compromising your financial well-being. You should want to stay honest with yourself and your daughter on what you can afford.
3. Your Relationship with Your Daughter: The closeness of your relationship can influence the gift amount. You should stay realistic.
4. Your Overall Contribution to the Wedding: If you have already contributed significantly to the wedding expenses, such as paying for the dress, venue, and catering, this should be considered when deciding on the monetary gift.
5. No Need to Compare Yourself to Other Parents Everyone’s life situations are different and the best advice is to be realistic about YOURS not with your neighbors, or relatives or your daughter’s best friend’s parents. If you are a single parent, or in financial distress, find gifts with emotional significance rather than money.
6. Your Role in the Wedding: If you have taken on significant roles such as paying for events or other services, this contribution can also influence the amount you give.

Practical Tips for Giving a Monetary Gift

No matter when you give your gift, attaching a heartfelt card or memento enhances the sentiment. Timing it thoughtfully makes your gift all the more memorable.

1. Presentation Ideas: Instead of simply handing over cash or a check, consider creative presentations. You could use a beautifully decorated envelope, a personalized card, or combine the money with a meaningful personal item like a photo album, family heirloom, or a piece of jewelry.
2. Legal and Tax Considerations: Be aware of potential tax implications when giving large sums of money. In the U.S., for example, gifts above a certain threshold ($18,000 in 2024) may require you to file a gift tax return. Consulting with a financial advisor can help you navigate these regulations.

Alternative Gift Ideas

If you prefer not to give a monetary gift, consider non-monetary gifts that hold sentimental value, such as family heirlooms or personalized items. Here at The Bradford Exchange, we are proud to offer many fine wedding gifts perfect to accompany a monetary gift, or to replace one. Whatever works for your family.

Experiential gifts like a honeymoon fund, or travel vouchers are another excellent choice. Sometimes you and your daughter may decide to forgo a monetary gift or payment for wedding expenses so you can make contributions to a future home purchase instead. Each family is different. Do what works for yours.

Emotional and Symbolic Aspects

The emotional and symbolic significance of your gift is paramount. It’s not just about the monetary value. Your gift should convey your support and best wishes for your daughter’s new journey however she envisions it.

Remember, the most important aspect of any gift is the love and thoughtfulness behind it. Whether you choose to give money, a sentimental item, or an experiential gift, your support and best wishes will be cherished.