I am in a wedding party pretty soon, for my LIB's sister's wedding. We will be traveling 2,000 miles to be there, and because it's so far, we kind of consider it a destination wedding. We have spent a ton of money on this wedding from airfare, fare for shuttles (a bit too young to rent a car), attire, a pet sitter, etc. We have pretty much blown through our once hefty savings account, and with my LIB's pay cut, it's been rough. At this point, it's getting very hard to afford a gift. Ideally I'd want to pay $100-$150, but at this point, after spending so much money, that amount isn't affordable — even though I know in reality, it's really not that much. If we had the money to do it, we would, and I feel incredibly guilty because we can't. We obviously still need to give a gift, but how much money spent is acceptable?
My LIB thinks $50-$60, but I really don't want to seem cheap. It's family, so I feel like we are scrimping on someone who is important to us. Cost of gifts is not really supposed to matter in life, but it seems like for weddings, it's something people really care about. Do you think spending $50-$60 is okay? Should I give a reason why?
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Source: Flickr User Joe Shlabotnik