Bismillah Hir Rahmaan Nir Raheem
As Salaamu 3laykum,
I hope you are doing well. With regards to gifts as UmH stated it is not obligatory. It is a beautiful practice to implement as seen below:
Abu Hurayra reported that the Prophet, may Allah bless him and grant him peace, said, "Give gifts and you will love one another."
Al-Adab Al-Mufrad 594
It is Disliked to have more than one requires
What is the reference for this narration:
Prophet Muhammed peace be upon him said, “One bed [is sufficient] for a man, one for his wife and a third for a guest. The fourth one is for Shaytan”
Imam Muslim (may Allah be pleased with him) has recorded this Hadith on the authority of Sayyiduna Jabir (...