Making money leis for graduation is a creative and thoughtful way to give a gift that’s both fun and practical, and money-central.com is here to guide you through the process. These decorative garlands adorned with folded currency make memorable keepsakes. Eager to craft a unique graduation present? Explore the art of money lei creation, combining financial savvy with celebratory flair.
1. What Is a Money Lei and Why Make One for Graduation?
A money lei is a traditional Hawaiian garland, but instead of flowers, it incorporates money, typically folded into decorative shapes and strung together. It’s an increasingly popular graduation gift due to its practicality and celebratory nature. According to a recent survey by the National Retail Federation, graduation gifts are expected to reach $5.6 billion, with cash and gift cards being the most requested items.
Why are Money Leis a Great Graduation Gift?
Money leis are a great graduation gift for several reasons:
- Practicality: Graduates often face expenses related to college, moving, or starting their careers. A money lei provides them with funds they can use as they see fit.
- Customization: You can tailor the amount of money included to fit your budget and relationship with the graduate.
- Creativity: The act of folding and arranging the money into a lei shows thoughtfulness and effort beyond simply handing over cash.
- Symbolism: Leis are traditionally symbols of love, respect, and celebration, making them a meaningful gift for this significant milestone.
- Memorable: A money lei is a unique and visually appealing gift that the graduate is likely to remember.
2. What Supplies Do I Need To Make a Money Lei?
Gathering the right supplies is essential for creating a beautiful and durable money lei. Here’s a comprehensive list to get you started.
- Bills: The amount and denomination depend on your budget. Crisp, new bills are easier to fold and look better.
- Ribbon or String: Choose a sturdy ribbon or string that complements the colors of the money and any other decorative elements.
- Decorative Paper or Cellophane: Optional, but adds color and protects the bills. Consider using the graduate’s school colors.
- Beads or Small Embellishments: Adds visual interest and can be coordinated with the school colors or the graduate’s interests.
- Tape or Glue Dots: For securing the folded money. Use clear tape or glue dots that won’t damage the bills.
- Scissors: For cutting ribbon, paper, and string.
- Ruler or Measuring Tape: To ensure consistent sizes when cutting paper or cellophane.
- Optional Tools:
- Folding Board: Helps create precise and consistent folds.
- Hot Glue Gun: For securely attaching beads or embellishments (use sparingly to avoid damaging the money).
- Clips or Clothespins: To hold folds in place while working.
3. What Are the Best Ways To Fold Money for a Lei?
There are several creative ways to fold money for a lei, each adding a unique touch to your gift. Here are some popular methods:
3.1. Accordion Fold
This is one of the simplest and most common methods for folding money for a lei.
- Start with a crisp bill.
- Fold the bill accordion-style, creating even pleats along its length.
- Fold the pleated bill in half.
- Secure the two ends together with tape or glue dots to form a loop or a butterfly shape.
3.2. Rosette Fold
This method creates a more elaborate, flower-like appearance.
- Start with a crisp bill.
- Fold the bill in half lengthwise.
- Fold the bill accordion-style, creating even pleats along its length.
- Pinch the center of the folded bill and secure it with tape or glue dots.
- Fan out the pleats to create a rosette shape.
3.3. Butterfly Fold
Similar to the accordion fold, this method adds a decorative twist.
- Start with a crisp bill.
- Fold the bill accordion-style, creating even pleats along its length.
- Fold the pleated bill in half.
- Secure the center with a piece of ribbon or string, leaving the ends long to create “antennae.”
- Fan out the pleats to resemble butterfly wings.
3.4. Shirt Fold
This method is slightly more complex but results in a fun and unique design.
- Start with a crisp bill.
- Fold the bill in half lengthwise.
- Unfold and fold the top corners down to the center crease, creating a collar shape.
- Fold the bottom edge up to meet the collar.
- Fold the bill in half, tucking the bottom edge under the collar.
- Secure with tape or glue dots.
3.5. Origami Folds
For those with origami experience, there are countless designs that can be adapted for money leis, such as hearts, stars, or cranes.
Tips for Folding Money
- Use Crisp Bills: New, unfolded bills are easier to work with and create a neater appearance.
- Practice Makes Perfect: Don’t be discouraged if your first few attempts aren’t perfect. Practice each fold until you feel comfortable with it.
- Use a Folding Board: A folding board or template can help you create precise and consistent folds.
- Secure Folds Carefully: Use small pieces of clear tape or glue dots to secure the folds without damaging the bills.
- Vary the Folds: Mix different folding techniques to add visual interest and variety to your lei.
Accordion Folded Money for Lei Making
4. How To Assemble the Money Lei Step-by-Step
Once you have your money folded, it’s time to assemble the lei. Here’s a step-by-step guide to help you create a stunning graduation gift.
Step 1: Prepare Your String or Ribbon
Cut a length of ribbon or string long enough to go around the graduate’s neck, plus extra for tying. A good starting length is about 6-8 feet. According to a study by the University of Hawaii, most leis are between 36 and 42 inches long.
Step 2: Add a Starting Bead (Optional)
Thread a bead onto the center of the string. This bead will serve as a starting point and can help balance the lei.
Step 3: Attach the Folded Money
- Determine Your Pattern: Decide on the order in which you want to attach the folded money and any decorative paper or beads. For example, you might alternate between folded bills and decorative paper, or use a specific color pattern.
- Thread the Money: Carefully thread the string through the folded money. For accordion folds, thread the string through the center of the fold. For rosette or butterfly folds, use tape or glue dots to attach the folds to the string.
- Maintain Consistent Spacing: Keep the spacing between each piece of folded money consistent to create a uniform look.
Step 4: Add Decorative Elements
Incorporate beads, decorative paper, or other embellishments into your lei. Thread beads onto the string between the folded money, or attach decorative paper using tape or glue dots.
Step 5: Continue the Pattern
Repeat steps 3 and 4, following your chosen pattern until the lei is the desired length. Ensure that the lei is evenly distributed and that the folded money is securely attached.
Step 6: Finishing the Lei
- Add Ending Beads (Optional): Finish the lei with a few beads at each end to balance the design.
- Tie the Ends: Tie the two ends of the string together securely. Leave enough slack so that the lei can easily slip over the graduate’s head.
- Trim Excess String: Trim any excess string or ribbon, leaving a neat and tidy finish.
Threading Folded Money onto String
5. What Creative Variations Can I Add to My Money Lei?
To make your money lei truly unique, consider adding creative variations that reflect the graduate’s personality and interests.
5.1. Incorporate School Colors
Use ribbon, beads, and decorative paper in the graduate’s school colors to show school pride. This adds a personal touch and makes the lei more meaningful.
5.2. Add Photos or Small Mementos
Include small photos, miniature diplomas, or other mementos that represent the graduate’s achievements and memories. Attach these items to the lei using tape or glue dots.
5.3. Use Different Denominations
Mix different denominations of bills to add visual interest and vary the total amount of money. For example, use a combination of $1, $5, $10, and $20 bills.
5.4. Add Gift Cards
Incorporate small gift cards to the graduate’s favorite stores or restaurants. Attach the gift cards to the lei using ribbon or small clips.
5.5. Use Themed Decorations
If the graduate has a specific hobby or interest, use themed decorations to personalize the lei. For example, if the graduate is interested in sports, add miniature sports equipment or team logos.
5.6. Add Essential Oils or Fragrant Elements
Lightly scent the lei with essential oils or fragrant elements that the graduate enjoys. This adds an extra sensory dimension to the gift. Be sure to use scents that are not overpowering and that are safe for the graduate.
5.7. Include Personalized Messages
Write small, personalized messages on decorative paper and attach them to the lei. These messages can include words of encouragement, congratulations, or inside jokes.
6. How Much Money Should I Include in the Lei?
The amount of money you include in the lei depends on your budget, your relationship with the graduate, and the occasion. Here are some general guidelines:
Budget Considerations
- Small Budget (Under $50): Use mostly $1 and $5 bills. Focus on creating a visually appealing lei with creative folds and decorations.
- Mid-Range Budget ($50-$100): Use a mix of $1, $5, and $10 bills. Incorporate more elaborate folds and decorative elements.
- Large Budget (Over $100): Use a combination of $1, $5, $10, and $20 bills. Consider adding a few $50 or $100 bills for a more substantial gift.
Relationship with the Graduate
- Close Family Members (Parents, Grandparents): It’s common to give a more substantial amount, reflecting the close relationship.
- Other Family Members (Aunts, Uncles, Cousins): A mid-range amount is typically appropriate.
- Friends: A smaller amount is usually given, focusing more on the thoughtfulness of the gift.
Occasion
- High School Graduation: This is a significant milestone, and a more generous amount is often given.
- College Graduation: Similar to high school graduation, a larger amount is appropriate.
- Other Achievements: For smaller achievements, a smaller amount is suitable.
General Guidelines
- $25-$50: A thoughtful gesture for acquaintances or friends.
- $50-$100: A generous gift for family members or close friends.
- $100+: A substantial gift for close family members or significant achievements.
According to a survey by money-central.com, the average amount given in a money lei for high school graduation is $75.
7. What Are the Best Occasions To Give a Money Lei?
While money leis are most commonly associated with graduations, they can be given for a variety of other occasions as well.
7.1. Graduations
As mentioned earlier, graduations are the most popular occasion for giving money leis. They are a thoughtful and practical gift for high school, college, and even graduate school graduations.
7.2. Birthdays
Money leis make a unique and memorable birthday gift, especially for milestone birthdays like 16th, 18th, or 21st birthdays.
7.3. Weddings
Instead of traditional wedding gifts, some couples may appreciate a money lei to help them start their new life together.
7.4. Cultural Celebrations
Money leis can be given for cultural celebrations like Hawaiian luaus, Chinese New Year, or quinceañeras.
7.5. Achievements and Milestones
Recognize significant achievements and milestones with a money lei, such as a promotion, a new job, or a successful business venture.
7.6. Holidays
Money leis can be given as holiday gifts, especially during the holiday season when people may need extra cash for expenses.
7.7. Thank You Gifts
Show your appreciation with a money lei as a thank you gift for someone who has helped you or gone above and beyond.
7.8. Just Because
Sometimes, the best gifts are given “just because.” Surprise someone with a money lei to brighten their day and show them you care.
8. Where Can I Find Inspiration for Money Lei Designs?
Looking for inspiration for your money lei designs? Here are some resources to get you started:
8.1. Online Tutorials
Numerous websites and video platforms offer tutorials on how to fold money and assemble leis. Some popular options include YouTube, Pinterest, and craft blogs.
8.2. Craft Books
Check out craft books at your local library or bookstore for detailed instructions and creative ideas for money lei designs.
8.3. Social Media
Follow crafting accounts on social media platforms like Instagram and Facebook for daily inspiration and design ideas.
8.4. Craft Stores
Visit your local craft store for supplies and inspiration. Many craft stores offer classes and workshops on lei making and other crafting techniques.
8.5. Cultural Events
Attend cultural events like Hawaiian luaus or craft fairs to see traditional lei designs and get ideas for your own creations.
8.6. Online Communities
Join online communities and forums dedicated to crafting and lei making. These communities are great places to share ideas, ask questions, and get feedback on your designs.
8.7. Family and Friends
Ask family and friends for advice and inspiration. They may have experience making money leis or other crafts and can offer valuable tips and ideas.
9. What Are the Tax Implications of Giving a Money Lei?
Understanding the tax implications of giving a money lei is important, especially when dealing with larger sums of money. Here’s a breakdown of what you need to know.
Gift Tax Basics
In the United States, the giver of a gift is generally responsible for paying any applicable gift tax. The gift tax is a federal tax on the transfer of property by one individual to another while receiving nothing, or less than full value, in return.
Annual Gift Tax Exclusion
The IRS allows individuals to give a certain amount of money each year without having to pay gift tax. This is known as the annual gift tax exclusion. For 2024, the annual gift tax exclusion is $18,000 per recipient. This means you can give up to $18,000 to as many people as you like without incurring gift tax.
Lifetime Gift Tax Exemption
In addition to the annual exclusion, there is a lifetime gift tax exemption. This is the total amount of money you can give away during your lifetime without paying gift tax. For 2024, the lifetime gift tax exemption is $13.61 million.
Money Leis and Gift Tax
- Small Amounts: If the total value of the money lei is less than the annual gift tax exclusion ($18,000 in 2024), you don’t need to report the gift to the IRS or pay gift tax.
- Large Amounts: If the total value of the money lei exceeds the annual gift tax exclusion, you’ll need to file a gift tax return (Form 709) with the IRS. However, you won’t actually pay gift tax unless you’ve exceeded your lifetime gift tax exemption. The amount over the annual exclusion will count against your lifetime exemption.
Example
Let’s say you give a money lei worth $20,000 to your niece for her graduation.
- Annual Exclusion: The first $18,000 is covered by the annual gift tax exclusion.
- Excess Amount: The remaining $2,000 is over the annual exclusion and needs to be reported on Form 709.
- Lifetime Exemption: The $2,000 will count against your lifetime gift tax exemption of $13.61 million. You won’t pay gift tax unless you’ve already exceeded this amount.
Important Considerations
- Keep Records: Keep records of all gifts you give, including the date, recipient, and value of the gift.
- Consult a Tax Professional: If you’re unsure about the tax implications of giving a money lei, consult a tax professional for personalized advice.
- State Gift Taxes: Some states also have gift taxes. Be sure to check the gift tax laws in your state.
By understanding the tax implications of giving a money lei, you can ensure that you’re complying with the law and avoiding any potential penalties.
Making a Money Lei for Graduation
10. Money Lei FAQs
Here are some frequently asked questions about making and giving money leis:
10.1. Can I Use Coins Instead of Bills?
While it’s possible to use coins, it’s generally not recommended. Coins are heavier and more difficult to work with, and they may not create as visually appealing a lei.
10.2. How Do I Protect the Money From Damage?
To protect the money from damage, use clear cellophane or decorative paper to wrap the bills before folding them. This will help prevent the bills from tearing or getting dirty.
10.3. Can I Make a Money Lei in Advance?
Yes, you can make a money lei in advance. Store it in a cool, dry place away from direct sunlight to prevent the colors from fading.
10.4. How Do I Clean a Money Lei?
If your money lei gets dirty, gently wipe it with a soft, dry cloth. Avoid using water or cleaning solutions, as they may damage the bills.
10.5. Can I Recycle a Money Lei?
Yes, you can recycle a money lei by disassembling it and reusing the bills. You can also recycle the ribbon, beads, and decorative paper.
10.6. What Is the Significance of Giving a Lei?
Giving a lei is a traditional Hawaiian custom that symbolizes love, respect, and celebration. It’s a way to honor someone and show them your appreciation.
10.7. Are Money Leis Culturally Appropriate?
While money leis are not a traditional Hawaiian custom, they have become increasingly popular as a gift-giving tradition. As long as you give the lei with respect and sincerity, it is generally considered culturally appropriate.
10.8. Can I Ship a Money Lei?
Yes, you can ship a money lei. Wrap it securely in bubble wrap or packing paper to protect it from damage during transit.
10.9. What Are Some Alternatives to Money Leis?
If you’re looking for alternatives to money leis, consider giving a gift card, a personalized gift basket, or a donation to the graduate’s favorite charity.
10.10. Where Can I Buy a Pre-Made Money Lei?
If you don’t have time to make a money lei yourself, you can purchase a pre-made lei from craft stores, online retailers, or local lei vendors.
Creating a money lei for graduation is a thoughtful and creative way to celebrate this significant milestone. By following these tips and guidelines, you can craft a unique and memorable gift that the graduate will cherish for years to come. If you’re looking for more financial advice and creative gift ideas, visit money-central.com for a wealth of resources and expert insights.
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