don't have kids so have the luxury of enjoying splashing out on each other
But.... I don't have kids (though buy for nieces, nephew, DSC and their children) and I really don't want gifts from anyone. If there was anything I wanted, I would have bough it for myself, and got exactly the colour/size/style that I liked the most. There is literally no thing that anyone can buy me, that I really want.
Within my family, each child is set up with a savings account from, well, birth I suppose. We transfer into their account to mark Christmas and Birthdays, in the expectation that when they grow up and leave home, they will have a nest egg. I have continued to give to nieces and nephews, and their children.
Different families do things differently, DH's family are big on presents, realky equating them to live and affection. Sigh. Being given a heap of things that I honestly don't want, especially if someone has splashed out on it, is just a chore to be got over on Christmas morning. i appreciate my good fortune, but am always glad when gift opening is over for another year. Tried suggesting to DH's sister that we just buy for the next generations, which would mean that her family got loads more than ours, she said 'but i like buying and giving presents'. DH buys hers so it's not that I even have to think of anything but no, I really don't see that presents are required for adults.
If someone wanted to give me pleasure, I would much prefer spending time with them, maybe over a coffee or, ideally, for a longish walk. I could go by myself, but company is always welcome.