For those who dont track closely, I would wager that the real cost is significantly higher... I wanted to keep to £1k max this year, which was hard work actually. Before starting my Christmas spreadsheet, I would have estimated that a standard christmas for us would have cost between £1k and £1500, but now I look back, I suspect it was closer to £2k (which I'm just not comfortable with).
This year, we ended up having a turkey fail and needing to go out on Christmas eve to get a last minute one, so I was over budget by £50, but pretty close!
Of the £1050 we spent, that includes all gifts, food, drinks, treats through December, activities, days out, baking & crafts for the DC, host gifts if visiting people, any new decorations, wrapping, cards, a few christmassy household bits, even down to postage costs to send things to family (a whopping £30 I hadn't budgeted for!).
For context, we stayed at home and hosted one friend, who brought two veggie dishes, but all the rest of the cost for Christmas and surrounding days was us. We have 3 young DC.
I budgeted very strictly with gifts, everyone in the house gets a stocking, but even setting a strict budget of £20/stocking, with 6 of us that was £120. DH and I have done a lot of work on the house this year, we would usually spend about £150 on each other, but this year set a budget of £50 each and it was great actually.
DC are very young, youngest is 18m, so he got a budget of £50, older siblings had around £80 each (not incl stockings). This worked well and they had plenty to open, but main presents of toy kitchen & dollhouse were sourced second hand. I know this will be harder as they get bigger and requests grow more expensive.
We stuck to a very strict budget for family, often spending under £10 for each main gift (thoughtfully sourced and researched though!). I also included homemade christmas cakes in pretty tins as a gift for each family, and DH who is a keen amateur potter made some beautiful ceramics.
Despite all of these cost cutting exercises, the total was pretty much bang on £1000. Tracking every single penny spent was really interesting, and useful too. I'll be doing the same next year to compare. I don't think it would be possible to spend much less and still have a similar christmas with a beautifully decorated house and presents etc. Would love to hear more from people who are also similarly anal diligent about tracking every penny.