I celebrate Christmas for my family, I love the way holidays bring people together.
I absolutely feel obligated and start stressing around September. Of course if I looked after my finances better, I may not have that problem.
Then again, when you have a family of your own, and an extended family that just keeps growing, its hard not to over spend.
However, I should point out, we only give gifts to out nieces, nephews, parents, and grandparents in addition to our own 3 kids and eachother. That does not mean that, that list is short.
I find that setting a limit on those gifts it makes life a lot easier. For the children, I keep it at a $15 or $20 minimum, this is a great amount for the newest Barbie or Lego toy, or even an iTunes gift card.
The adults you buy for are more tricky, I usually just go with giftcards to their favorite restaurant or bookstore.