It is common practice to exchange gifts in the holiday season, even though it isn't really necessary, is it? There are instances where people hand out gifts without really expecting something in return. Generally, these gifts are thoughtful gestures. For instance, you might give the host of a party some homemade snacks or a fruit gift basket packed with seasonal fruit.
Whether you choose to exchange gifts is a matter of personal preference. However, if you would like to gift your family or friends but are unable to because of budget constraints, you shouldn't shy away from explaining why you couldn't buy something extravagant. You can also read more about Your Gift Journey at Virginia Nava.
Typically, it is a good idea to spend only as much as you can afford and whatever you are comfortable spending. Many people feel compelled to match the value of the gift they received but many people, for instance, aren't concerned about the monetary value of gifts.
What's more important is the thought that went into it. These gifts are commonly considered more meaningful. Spending an excessive amount of money on something might even make recipients uncomfortable.
It is a common misconception that one should assess the value of gifts because gifts aren't given for material gain and this isn't something that the holidays should represent. Ideally, if you've considered what kind of gift your loved ones would like, then it doesn't matter how much you spend.