Profitt Report: How much should you spend on a graduation gift?

Photo credit: MGN

May is a busy time of year: weddings, graduations and the start of warm weather vacations. Because there's so much to do, financial professional Mindy McIntosh of McIntosh & Associates in Freeland said most people choose to give cash as a gift to a graduate. How much money is appropriate? She said $50 is typical if they are a member of your family, $25 otherwise.

If you are a graduate, click the video above to hear McIntosh explain how to best spend or save your graduation gift money.

The Profitt Report wants to hear from you - please send consumer questions and story ideas to ProfittReport@WSMH.com

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