As the high school bands are preparing to play Pomp and Circumstance, many people are wondering what gift graduates want most. The obvious gift for the graduate is money because what young person doesn’t appreciate a gift of cash? However, is there a better gift?
RetailMeNot.com recently learned that the majority of American graduates want money (50%). Fewer respondents think they would most want a car (15%) or a trip or vacation (13%).
Oddly enough, the same study showed that graduates “would have liked to have been told to save money (42%), avoid spending beyond their means (37%), be wary of credit cards (30%), find a job right away (29%), or put money into investments (28%).”
Gifts to Give a Graduate
With those statistics in mind, consider the following graduation gift ideas:
While gift cards might seem like a disguised way to give someone cash, gift cards present a graduate with a perfect opportunity to establish good spending habits. You can encourage the student to use gift cards to budget their monthly expenses since they can reload the cards each month.
For instance, if your student has a Starbucks addiction, they can use a Starbucks gift card to allot a monthly amount for coffee. Likewise, a Subway gift card can be used to budget for quick but healthy lunches on the go and a Fandango gift card can help set aside money for a trip to the movies each month.
A Savings Account
By establishing that a sound financial future involves saving, start a savings account and train your student to save 10% to 20% of every gift and pay check. Even better, if you fear your student will drain the savings account and you cannot find one that would have withdrawal parameters, purchase stocks or certificates of deposit that essentially lock up the savings away from moments of spontaneity.
Whether you student is moving on in life with an iPad or a computer, personal finance software and apps can arm him with a value tool that encourages budgeting, saving, and more.
Personal Finance Books
While a person beginning college or a career might not have much time to read additional books, providing your student with a guide to personal finance can give them a reference when they need answers and might not be willing to call home.
More than anything, the gift that graduates want most is a feeling of security, knowing that they have the information needed to make wise decisions and the support to be able to recover if they make a bad choice.
Other Graduation Gift Ideas
Tide Odor Eliminating Laundry Travel Bag packed with detergent and a roll of quarters
Shower Caddy – Perfect For College & Dorm – Large Pockets To Carry Your Bathroom Accessories & Mirror – Non Stainless Steel Full Mesh Material That Is Rustproof Even If You Throw It In A Corner – Buy With Confidence With Our If It Rips We Replace It Free Guarantee! (Blue)
Officially Licensed College Athletic Tee to his/her university of choice
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