I think that Christmas can often become a massive commercial event which leaves people stressed, rather than being a religious family event which pulls families closer. When you're too busy worrying about the food and the presents, you lose sight of what it is actually all about.
I come from a family where my parents didn't make a huge fuss of birthdays / halloween / bonfire night / Easter, but Christmas was a massive event. Big family dinner, millions (so it seemed) relatives and an estravagance of presents. Mum and Dad would save through the year and we'd go downstairs on Xmas day and find a sofa full of presents each. One year I got a new laptop and loads of other pressies too. We always seemed to get a new wardrobe full of clothes.
However, they could afford to do that, neither my mum nor dad had credit cards, they earnt and saved money for holidays and Christmas. Generally through the year they didn't buy loads of stuff for us, we got pocket money which we used to save to buy Xmas pressies for other people / comics etc. As we gold older, we'd get a set amount but that was to cover our clothes, and they paid for our driving lessons.
As I said, they could afford it. I cannot on anywhere near that scale, so Christmas presents are on a lesser scale for my DD, but she still ends up getting a lot, given that my parents buy for her, as well as my siblings and DH's family.
We have to save through the year to get Christmas presents (I dont like to put Xmas pressies on credit cards) and stick to that budget. This year we have just short of £500 to spend on Xmas pressies for the family (excl DD and each other) BUT we both have a massive family - between us we have 11 siblings, three sets of parents, seven neices and nephews, six sets of grandparents and what seems like a million aunts and uncles. So we have to apply some rules and not buy for everybody, and not go overboard.
For DD (3) we have gotten her:
Toy Story I and II (on the bogof offer) £10
Sleeping Beauty £15
Couple books £10
Minnie Mouse and Mickey Mouse cups £8 (bogof)
White board / chalk board £5
Princess Snap cards £2
Princess clock £15
We're debating about one other present, DH wants to get it her, I'm not too sure, but that is expensive (£100) so we wouldn't buy her anything else if we got that.
I've got the stress of buying everything else for the famliy - joy!!