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The main conflict in The Gift of the Magi is poverty. Because of their poverty, Jim and Delia have to make great personal sacrifices to buy the other a Christmas present.
Expenses had been greater than she had calculated. They always are. Only $1.87 to buy a present for Jim. Her Jim. 

Jim's conflict is never mentioned in the story. Jim is not even present until towards the end when he gets home from work. Everything that happens in the story up to the climax happens to Della. She doesn't have enough money--and yet she still keeps wanting to buy Jim a nice present. SO IT LOOKS HERE

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