Gift giving can bust a budget, so some Americans plan to have conversations with friends and family this year about setting limits around holiday gifting.

This isn’t as Scroogey as you might think: 55% of holiday spenders plan to use at least one money-saving strategy that likely involves coordinating with loved ones, according to a new NerdWallet survey conducted online by The Harris Poll.

Money can be a taboo subject, especially among family and friends. But a focused discussion on gift boundaries could be the difference between staying within your budget and piling up debt this holiday season.

Ways holiday spenders plan to save, and how you can, too

Situation 1

Loved ones have different budgets.

What other Americans are doing: 28% of holiday spenders plan to set a per-gift dollar limit with family or friends.

Why this works: It’s simple and easy to remember.…