Thankfully our parents pretty much ignore our existence and that of your children - yay, no unwanted toys!
We choose the toys. So I have no real worries over them - the kids play happily, there's no over-use of games and tablets, the balance is nice.
And yes, we prioritise travel over stuff.
I do dislike the whole 'toy' market at the moment. It seems to be getting cheaper and cheaper, almost disposable items like Primark clothes, designed for a single play or two and then to be thrown out. Or a large plastic mould around one single idea, like a Paw Patrol scene, but with little room to be played with again and again day after day. Our toys have lasted years and the kids still find new games to play with them. You can't do that with some squeaking electronic TV character.
I bought into the stuff about holidays being expensive while my kids were babies, but I've found out they aren't really. I just booked summer holiday and half term flights to Spain and Italy for £16-£29 on Easyjet, then rented an apartment via another website for 300ish. Holidays don't have to be £4000 all inclusive extravaganzas.