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We didn't really set a budget, but I think in total I spent maybe $200 on everyone we needed to buy for ( I made a few gifts this year too) I'd say that was good. We live on a pretty solid budget, so money isn't ever a stressor for us which is a very nice feeling. The holidays never really change that.
I would have stayed on budget if I had known that one gift would have shown up in time, but because I thought it wasn't going to make it I went out and bought DH something else. I was about $50 over this year.