I've been given a smart-watch as New Year present by a friend. I didn't expect it and didn't think our presents are going to be in that higher price range. Now I'm conflicted about what to do. I hate being indebted, so I feel like I must get him a present at least in similar price range.
I wonder though what can be done to prevent such situations in the future - when you are given an expensive gift which forces you to retaliate with something of similar value, even if you didn't budget plan it? Or is it really necessary to do - from etiquette point of view?