We spend on holidays and to some extent extra curricular activities and school trips rather than splash out massively on big piles at Christmas.
Couldn't agree with this more. Personally, I don't agree with not spending all year so they get masses of presents at Xmas time and nothing else year round. With regards to clothes, it is impossible to predict when they will have a growth spurt or which character they may want on their next size PJs so I prefer to buy as they need. My eldest wore leggings/jeans all last winter, none of which fitted her by the end of the summer and then decided in Autumn she now prefers dresses so we have gradually got her a few over the past 2 months. She will not be getting any more clothes for xmas as she needed them earlier and now has what is needed.
I prefer to get garden equipment when the weather warms up and it will be used so the climbing frame was bought in April rather than last xmas. Likewise with toys, I want them to have things when their friends do rather than receive more than they can comprehend on one day for the entire year. Not to say they get what they want when they want - they have to understand that money needs to be saved and possessions taken care of too.
We are fortunate to be able to comfortably afford holidays abroad and additional activities and prefer to spend money on this to presents too
For us, Xmas is about experiencing the magic of being a child - we take them to pantomimes, theatre, santas grottos, see the lights, make gingerbread, xmas crafts etc. They will receive a couple of small bits from Santa and something to open from us but I see no point in spending any preset amount for the sake of it.