The adults should understand that times are tough this year, and Christmas is not about receiving presents, it's about celebrating and spending time with our families and loved ones. We're in the same boat this year, so here's what we did:
*Grandparents*: Christmas ornaments made and decorated by the kids. We found clear ball ornaments at Hobby Lobby (12 for $3) and we're inserting their pictures into them and they are decorating them with glitter, ribbons, etc.
*Great-grandparents*: A framed family photo, with the matting decorated by the kids (frames and matting found at Wal-Mart for $10 total).
*Cousins*: Thankfully, all of the cousins are girls, so we got really lucky with Avon. We made them little gift baskets with mini shower gels, lotions, bubble bath and lip gloss. Total for each cousin was $4. (Avon has all the items for $0.59-$0.99 right now - if you're interested in looking at their products I can send you the link to my Avon Lady's website, she's fantastic!)
*Siblings/Siblings-in-Law*: The ones in college are getting gift cards to their campus book store and care packages of dorm/apartment essentials. The ones not in college yet are getting an array of music and movie discs that we've burned (we have Netflix, so we have unlimited rentals. Each brother is getting 5 movies that we've copied). Price of discs/jewel cases was $15 for 50.
As for the kids, we cut down how many gifts they're getting this year by one (we usually do 3 each from us, then a gift from siblings), and Santa is only bringing one gift. I found some great fabric on discount, so I am sewing curtains and pillow cases for each of the kids, and then they will get small toys for the other gift. Target has a little dollar section where we've picked up bracelets, hair ties, memory games, playing cards, Hello Kitty stuff (my girls are OBSESSED with Hello Kitty...), pencils, fun erasers, etc. that are being used for stocking stuffers. They also have an area near the toy section with toys for $2.50 where we found a lot of cute (and sometimes nostalgic) items that we picked up, as well.
For the close family friends, as always, we're doing our Great Cookie Bake. The kids and I sit down for a week straight of baking and decorating cookies for everyone. I went a little over-board this year and got candy making supplies, too, so to cover about 25 people/families I spent $41. (usually it's only $15-$20).
All in all, to cover about 75 people, we spent only $250, and are already done with our Christmas shopping. A lot of our gifts are being handmade this year, which I think in a way makes them more special. Sure we spent less money, but we spent far more time and love on them. I hope you're able to have as much fun with your gifts this year as we have. :)