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It really depends on the economic situation of the recipient.

I am lucky enough to have more than enough money to maintain the life that I want to have. Giving me cash makes no material difference to me. It will most likely sit in a savings account for potentially the rest of my life. Don't do that especially if you need it (please!).

Finding an actual "physical" gift can be hard, time consuming, stressful, would prompt you to spend more than you afford to "ensure a proper gift", etc.

Gift cards for something I don't usually do is a relatively easy way to solve that. It's like saying "I know you can afford it, but you don't seem to XYZ that often, and maybe you'll like it". XYZ can be [discover a store], [try an experience], [visit some place] or anything else. If I know someone put a little money on that, I will honour that and hopefully discover something new, which is the best gift ever !. And you can put the exact amount that you feel comfortable putting (and in fact the amount itself does not really matter).

But indeed, if the recipient is in any position where cash could be helpful, or if they are saving for a purpose (travel, house, child, ...). Just give cash instead.




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