by 
The Curious Bag
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<h4 class="dechead">On One Hand: Consider the Circumstances
Let the level of formality with which the couple announces their engagement to guide your engagement gift selection. A printed invitation to a formal gathering at the bride's parents' home or a banquet hall solicits a well-thought token from attending guests. The couple may have even selected a gift registry for their engagement. A slapdash get-together or no engagement party might call for a small cash gift or none at all.
On the Other: Pace Yourself
The announcement of engagement in most cases precedes a bridal shower, bachelor and bachelorette parties, and the wedding party itself. If you plan to give gifts at each of these occasions, the engagement gift should be the most modest. Money serves as a useful and nonspecific prelude to more practical, decorative or personalized gifts that usually come later in the wedding cycle.
Bottom Line
Gift giving is always subjective. Give a gift consistent with the couple's needs, your own giving ability and your relationship with the couple.
Source:
Resource:
Gifts.com
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