Having the savings to dip into, so you stay in the black, rather than having to slip into the red, is a positive thing. You have time to rebuild the savings during the rest of the year, or to plan more frugal options for gifts (including time to craft, or ability to turn summer fruit gluts into alcoholic concoctions for pennies, etc, or even pick up out of season things in the summer/fall sales) rather than having to panic.
I am about to go to the bank this week for a withdrawal, but I hope to rebuild those savings after our summer holiday next month (and with no au pair for 2 months - between her "pocket money" and the amount of food she eats, she is a BIG dent in the budget at the moment!).