All posts filed under: Gifting Etiquette

The Importance of Budgeting

Surprisingly, there is no gifting etiquette, which would clearly establish how much you should spend on a gift for someone. Our society has come up with some very precise instructions on various aspects of social interaction, leaving gifting out of the equation. My experience shows that setting a budget for a present is a very good starting point. My favourite designer, Artemy Lebedev, once rightly pointed out that he worked much better with established boundaries, versus trying to come with an idea “outside the box”. Think of “the box” as your pot of money, and work with what you’ve got. Gifting is as much a creative process, as it is a pragmatic calculation of your current resources. I use my own of system, which is not perfect, but it keeps my bank statements happy (oh, by the way, underspending is also a crime!). Firstly, separate all potential “receivers” into four groups: Very outer circle (“I barely know them through a friend of a friend”) Outer circle (“I  know a bit about them and we speak …