Is it okay to break up with someone right before Christmas?

I want out, but want to wait until after finals for both of our sakes, but this would mean I'd be breaking up with him a week before Christmas. I don't want to ruin his holidays or look like I couldn't be bothered with buying him a present, but at the same time, I don't want to get a nice gift from him only for him to find out later that I was contemplating breaking up with him. If you were the boyfriend, which do you think you would prefer?
Is it okay to break up with someone right before Christmas?
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