I'm toying with the idea of saying to MIL let's just not exchange presents this year. She is already asking what we want and trying to suggest things that we might want as a joint present when, in reality, I'm saving up for a nice £££ handbag and I wouldn't mind money towards that and DH wants money for his geek hobby. So they will end up giving us some money in an envelope and I will end up getting them a voucher for a meal out or something similar. It just seems unnecessary. They could keep their money to buy something they want and we could keep our money to put towards what we want. But will that be really miserable on Christmas day? I don't want to feel like the Grinch!