Call me a cynic, I don't mind, but present buying has to be a task from the centre of Hell for many, me being no.1 on the list.
DP and I don't buy anything for each other, we have everything we need thankfully and care for each other so no outward show of this or that present is necessary.
When our parents were alive, bless them all, we did buy for them alright, but that was because they were lovely and their generation liked that kind of thing. We insisted that they make a charitable donation in lieu of presents for us. Saved them a lot of hassle.
I don't buy for siblings. I have 5 N+Ns. Only those under 18 or at college get a cash gift, that would be 2 of them now, the rest have their own partners and kids now, so they are off the list! The grandnephews (3) get a cash gift so the parents can treat the kids to a day out later on.
I might add that all our siblings are together on this, and it was agreed amongst us all. No more panic buying, wearily trudging around shops, spending hours online shopping, dithering etc. and usually wasting a lot of money. Most forget what you went to the trouble of buying them within a very short while. Charity shops groan under the weight of unwanted presents come New Year.
But having said all that it's each to their own. Enjoy it whatever way to choose to do or not do it.