I think making a limit will help others feel more comfortable about joining too, but i'm not sure that the limit would actually be listened too, lol. I haven't participated in a GE yet, but I know when I shop for gifts (even with a limit), I spend more than I'm supposed too, and I'm okay with that. I may have a shopping addiction (haha) So then we'd end up being in the same spot. A limit, but people not listening to it. and can you actually reinforce an upper limit??
I think if someone wants to spend 200 on gifts, then fine!

and if someone wants to spent 40, then fine!

I think all of us here don't expect elaborate gifts and would happy with whatever our buddy decides to give!