My family has never had large Christmas gift budgets, but gift giving and receiving is always a highlight of our day. Much love goes into the wrapping alone!
A few years ago, we went with a book theme and only purchased books for each other (with a few games, CDs, and DVDs thrown in). Shannon and Mom found very simple canvas book bags which they personalized with various vintage-style images and each child’s name (using iron-on transfers). Each child also received matching book plates. This year, Shannon handmade for me two gorgeous pairs of earrings. Holly gave my family a gift box lined with greens and full of handmade items. Drake and Ivy made zucchini bread and cookie dough. Holly added a jar of dried apple slices, jars of dried herbs from her garden, and strawberry jam. Ilex made all of their gift tags, and added a babysitting coupon in our gift box. 
A couple gifts from World Vision and Samaritan’s Purse were also purchased in our family’s name!
Both Russ and Levi have already finished reading the books I gave them, and we had a delightful family movie night watching Prince Caspian after Russ spent the afternoon in the snow with the boys (they had to drive a ways… only rain and mud here).
I realize that Christ is the ultimate gift, but I love watching the thoughtfulness of others displayed through meaningful gifts. What was your favorite gift this Christmas?