If the OP is in such a comfortable position to have no mortgage and have trust funds set up for her kid's future, she can obviously afford to spend a bit more than others.
I'm guilty of the Christmas twitch as are many. If a games console makes up part of the €400 then it probably doesn't look like she has bought many gifts.
I think it's great that the OP has checked whether the twitch is necessary before spending more, and she's had more than enough of a reality check, to the point where I think some PP have been a bit unfair.
I also think on a thread where it's been openly said that £200 per child is outrageous when some families are using food banks, that it's hypocritical to then discuss toy quality with phrases such as "plastic tat".
We all know consumerism, and particularly plastic, are huge causes for concern environmentally, but for some families a bit of "plastic tat" is all they can afford, and no parent wants to leave their child with nothing to open on Christmas day.
Items should be things that fit within a family's budget and that the children will enjoy.
My close friend will spend probably £500 per child on "plastic tat", and like every year she will look at the mountains of gifts and feel it's not enough. Family will buy as well.
Another friend has spent about £30 on each and family will spend a fortune.
My youngest has a couple of things he needs (first shoes, his own dinner set), something special of his own (wooden tractor and animals), and a new book. £50 I think.
My eldest has an explorer's kit, Playdoh, family games, some new books. £65.
They've got a huge bundle of Duplo to share. £75.
And stockings will total about £15 each. Both have a couple of small quality toys, socks, bubbles, some chocolate or sweets and a piece of fruit.
Just over £200 for both. No family presents. I will be happy with that, and so will they. But we didn't need any big ticket items. Most things will last years and will be put away for future grandchildren.
All three of us have very different situations, and approach Christmas in very different ways, but we all love our children and are just trying to do our best for them.
AIBU was probably the wrong place for this thread. The Christmas board would have been a better place. But what's done is done.
FWIW, I hope everyone who has contributed to the thread has a wonderful Christmas, whatever your situations are.