The $1,585 Lipstick Gift Set On Our Beauty Editor's Holiday Wishlist (CC: Santa)

Tom Ford Beauty

The National Retail Federation expects holiday retail sales to fall between $727.9 billion and $730.7 billion this year, which is a increase of 3.7 percent over the last five years. In layman's terms: We're spending a lot of money, y'all. So why not plonk down that glossy credit card and swipe on a few luxury beauty gift sets under $200?

While spending $115 on shampoo and conditioner might normally feel a little indulgent, don't forget that you're also paying for limited-edition, collectible packaging — like Oribe's Gold Lust collection, for example. And yes, you'd have to be on Santa's very good list to receive the $1,585 Tom Ford Boys & Girls 50-Piece set — but you wouldn't have to shop for a new lip color for the rest of the year. (Not that you'd want to. Have you tried those plush formulas?)

Gift sets are also a foolproof way to incorporate new products into your routine without blowing the entire bag on a full-sized option that might not work for you — that's what Kelsey Stewart, our Editorial Assistant, is doing with Dr. Barbara Sturm's Glow Essentials Kit. Or, you can just stock up on old favorites that you know and love — like Drunk Elephant's Precious Cargo Kit, which features some of the brand's tried-and-true favorites.

Ahead, see the sets that TZR's team don't mind spending three digits on.

Beauty Gift Sets Under $200: Hair Gift Sets

Skin Gift Sets

Beauty Gift Sets Under $200: Makeup Gift Sets

Fragrance Gift Sets