We dont have a budget per say but we have set limits on how many presents. We've learnt over the years how many pressies are really enough for the girls. (Actually each year I always find pressies, for every event, that I forgot to bring out of hiding. This year both girls missed out on 2 easter pressies each, DD1 has 3 bday pressies that I forgot, DD2 had 2 bday pressies that I forgot to give them. Last year we had pressies for them left under the tree for days!! )
So this year we have set a number of pressies for each of the girls then theres the joint pressies. For ourselves we like to spoil ourselves because we dont normally shout ourselves anything special through out the year. We make things for other relo's and friends and buy few things.