What's the Best Way to Celebrate a Graduation?

The cake, caterer, and decorations are only the beginning when it comes to planning a graduation party these days.

The events seem to be getting more extravagant—and expensive.

So do you go all out for every education accomplishment? And how much is too much?

Should graduations from elementary or even pre-school be celebrated along with high school and college graduations?

How much is appropriate to spend on a graduation gift for your own child, a relative or friend's child? How will you be celebrating your own child's achievements?