I don't see a budget as being a good thing for Christmas, especially if it is so tight that it's unreasonable. Imho, it just sets you up to fail. I also do not see how it is possible to set that amount and choose the items right now when Christmas is three months away and children don't say what they want until sometime in November. We've done away with gift giving on both extended sides of our family and that is about all the control I can stand. Children are the only recipients of gifts around here but I have no idea what they will want. I think some people try too hard.