Holiday Gift Giving Etiquette: To Give or Not to Give

You've made your list, you've checked it twice and then suddenly, in economic shock, you realize that everybody you know has been nice. So, how do you pare down your holiday gift list without looking like the Grinch? Here are some tips on gift giving etiquette to keep your budget in check.

* You received a gift from a friend but you don't have one for her. Just because you received a gift, doesn't mean you have to give one in return. Gifts are given as a kind gesture, not an obligation. Show your gratitude and tell her how much you appreciate her thoughtfulness. If you are still feeling a twinge of guilt, tell her you have her present at home ... then run to the nearest store. This also goes for sending cards. If you receive a card from someone that you have not sent a card to, don't feel obliged to reciprocate. You don't want it to appear that you are only sending a card because you received one. However, if you truly want to keep in touch, send the card with a personalized note.

* You are afraid that a gift you are given will be more expensive than the one you are giving. First, make sure that the gift you are giving is well thought out - maybe a CD or book that the person mentioned in conversation. If it is, then you should feel comfortable with the gift, no matter the price. A meaningful gift doesn't have to be expensive and will be appreciated and remembered. If you are exchanging gifts with someone you know well, you may want to discuss a price limit in advance.

* You are still sending a gift to a former neighbor in another state. If you are continuing to send a gift to an old neighbor or friend that you haven't spoken to in years, it's time to evaluate the reason why. Is it simply tradition? Are you afraid to stop because you don't want to hurt her feelings? Likes and dislikes change throughout the years. If you are no longer in contact with the person, your gift is probably no longer thoughtful, just habit. If you want to remain in touch with the person, but want to break the gift giving cycle, send a card with a note about what's been going on in your life that year. Your old friend may be just as relieved to end the gift exchange.