Do You Put Money Caps on Christmas Presents?

When it comes to Christmas, there is no doubt you have the potential to drop A LOT of money, but do you?  Do you put monetary caps on Christmas gifts?

I do.  My husband and I are on a tight budget and cannot spend more then $30 on our gifts to each other.  The first year we did this, I was pretty bummed.  Today, I love it.  It's fun and because we don't put all this pressure on spending money (we don't have) on each other, honestly, Christmas is WAY more fun this way.

Now I'm not saying that this is for everyone, but what about you?  Do you put monetary caps on Christmas Presents?  How much will you spend per person?