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When the story begins, Della and Jim are living off $20 a week. It is the day of Christmas Eve and both are dreaming of buying each other the perfect gift.
Della has only $1.87 to buy her husband a gift. Currently she does not have enough money for the gift.
To earn the money, Della decided to cut her hair and sell it. Della made a total of $20 and uses it to purchase the chain for Jim's heirloom watch.
Jim and Della exchange their gifts. Little did both know but Jim sold his watch to get Della's gift and Della sold her hair to get Jim's gift.
They both decided to put the gifts away until they could both use them.
Despite the errors they both make, both still love each other the same as they did before. They both also learned a valuable lesson about sacrifice and love.
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