While most people will be relaxing, eating and generally celebrating this holiday season, Britney Spears and Jason Trawick have bigger fish to fry…

Spears and her fiance/conservator are spending the next few weeks planning damage control and deciding if they are going to officially call it quits in the new year on their three-year plus relationship.

“It’s a make or break holiday for Britney and Jason,” a source close to the singer tells RadarOnline. “Things have been getting worse and worse with their relationship for several months now, and they know they have to figure things out once and for all because they can’t keep going on like this.”

Yikes.  Since Jason sees Brit Brit on The X Factor (he’s a producer) and at home, AND he’s her conservator, it’s not just a simple romantic entanglement, but so much more.

“If they do decide to call off the engagement for good, things are going to be tricky, legally and financially, so it isn’t just the state of their relationship they have to think about,” the source says. “If there wasn’t those considerations involved they would of split a while ago.”

Want more proof?

“Britney and Jason have been sleeping in separate bedrooms for a very long time,” another source previously revealed to Radar. “She has been staying in a hotel during the week because of the live X Factor shows, and although Jason stays at the same hotel, he is in a room adjacent to hers.

“Jason feels like he is Britney’s babysitter and it’s pretty much just a business arrangement at this point. Jason does love Britney and the boys, but he just can’t see himself spending the rest of his life with her.”

Oy, how hard would it be to be in a relationship that’s like babysitting?  I think these two should break it off. Thoughts?

Photo: FameFlynet

Tags: Britney Spears, Celebrity Couples, conservator, estate, houses, interview, Jason Trawick, kids, marriage, mom, real