How do you decide how much money to spend on gifts?

Do you just try to find the right gift and pay whatever it costs?

Do you create a limited gift budget and limit the gifts according to the gift budget?

For a really important gift - example: a very good friend getting married on 2 Jan. - is it okay to overdo it?

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4. What kind of gifts should we take to kids in the hospital?
5. What are the reporting requirements on non-resident alien gifts?