In tight economic times when I was growing up, my family generally had "homemade" Christmases, where all the gifts were handicrafts they had made. It takes a lot of time, but it does save money, and in all honesty, those were some of the best I can remember. This year, I'm following much the same pattern, though my skills are different (I couldn't knit a sock to save my life, and while I can sew, I'm not exactly good at it): this year I'm giving my kids (refurbished) computers.