£200 - that is obscene!!
Really truly, he will not appreciate it - especially at that age!
And if you start off with so much money now, where will it end when he is bigger?
Surely being sensible with money is a far greater gift to your ds???
My two (ds age 9 and dd age 5) get a stocking from Santa which contains little bits and bobs - colouring pencils and playdough for dd, a new belt, and a book for ds, along with a chocolate santa and some sweets.
Oh, and they both get some socks in there too.
The main present from us will cost no more than £50 each. Ds wants a guitar, so we are getting him a secondhand decent one, along with some sheet music. (and will find a guitar teacher after Christmas)
Dd wants various games and books, so will buy up to the value of £50.
I truly believe they appreciate it more if they are not innundated with gift after gift after gift.
I like 2-shoes's idea of spreading the presents. We too travel round to MIL's for lunch and they get her present, and those from my the few aunties / uncles then.
On boxing day we see FIL, so they get his present then.