The main characters in “The Gift of the Magi” are Della and Jim Dillingham Young.
Della Dillingham Young is a young housewife. Though Della and her husband, Jim, are poor, Della still wants to buy him a nice gift, so she sells her beautiful hair to earn money.
Jim Dillingham Young is Della’s husband, who bears the burden of supporting himself and his wife on a meager income. He sells his prized heirloom watch in order to afford a set of beautiful combs for Della.