Far less presents. Every year I get the twitch and buy some emergency ones in the week before, then on the day, feel a bit deflated as I see the excess presents in little piles around the room, as the DC focus only on the things they really want.
I have stood firm this year, and just to add to my nerves, all their presents are quite small in size this year, so it all looks a tiny pile, for all three!
Keep reminding myself that DM, DNan, rest of the family will buy them lots as well, plus they have a stocking each. It's plenty. I think whilst when you see those pics on social media of a tree with about 100 gifts piled waist high around it, the main feeling is "oh dear me" there is definitely a feeling of "but still, I wonder just how many people do this, is half the class talking about their 100 presents each at school....and my DC have got 6-7 things (even if they are good quality, the 100 presents can't all be crap) so am I stingy and there's a happy medium somewhere between?"
Also, making paperchains, lots of festive baking, walks with a bag of chips or a hot chocolate to see the lights. Doing things. Not buying things.