My family (parents and paternal grandparents) were always into huge, extravagant overspending Christmas. My husband and I haven't even done gifts for one another in a few years mainly due to finances. We used to do something relatively small compared to what a lot of people I know do. For family I get my nieces and nephews a present about $25-30 dollars. For the adults I bake cookie baskets which they all love, in fact I think they may cry if I stopped. When we used to buy gifts for the adults it was always something pretty modest but it was fun to really try to find something thoughtful on a budget.