Hi!What a fun question! My husband and I are still establishing traditions (so they aren't just "what we did growing up"! We just thought of us (later the kids to each other) putting little love, encouraging notes in stockings along with a little gift and a snack. We take our Christmas picture out at the farm we get our tree. It makes for a great way to start the season!
About easy, cheap, nice gifts...I had fun with that this year. This summer (yes, I plan that far ahead--it's worth it if you can save alot of money)I made basil vinegar (8 c. fresh herbs to 1 gallon of white wine vinegar. Just put it in a glass jar, out in the sun or a warm room, shaking every day for a week--it smells glorious and tastes wonderful in EVERYTHING!!!) This is a little more expensive cause I couldn't find the bottles, so I bought them on sale but still it adds up.
Another thing I made was a cocoa mix jar with cocoa, sugar, milk powder, mini choc chips and marshmallows. It turned out really well! This comes out to about $3.00 per quart ( I saved jars all year)
I also made lavender sachets. I picked lavender, dried and saved it. I made little lace drawstring bags and put the lavender in whole with stems sticking out. I tied colorful bows around, coordinating with the person's personality. These maybe cost 25 cents.
The last thing I made was soap. It was a "cheater" recipe, made from already made soap (Sappo Hill) which I had bought bulk in Eugene, added essential oils, different oils,herbs and herbal infusions to make lovely, useful (VERY CHEAP--comes out to 25 cents a bar!) gifts!
Some of these you probably won't be able to do this year, but maybe for future Christmases you could use these ideas! Good luck!