The story opens with $1.87. That's all Della Dillingham Young has to buy a present for her beloved husband, Jim. And the next day is Christmas. Faced with such a situation, Della promptly bursts into tears on the couch, which gives the narrator the opportunity to tell us a bit more about the situation of Jim and Della. The short of it is they live in a shabby flat and they're poor. But they love each other.