Wow, that is a crazy amount of presents and money spent, IMO. No way I could afford to do that once, let alone every year.

I would absolutely say something. It's not tacky, it's honest.

How about baking a few big batches of cookies to give as gifts? And I like Richard's idea of coupons. Make one for something each person really needs or wants - could be an few hours of babysitting, a home-cooked meal, pet-sitting, house-cleaning.

All spring and summer, I go to yard sales, with the sole intent of buying gifts for Christmas. I almost always have my Christmas shopping done by fall. And, because I'm not in a rush, I always seem to be able to find the perfect gift. Example: I got my nephew a huge plush blanket with his favorite Nascar driver on it. It still had the new price tag on it - $69. No way I could have afforded to buy that for him new. But I paid $2.

And, for me, I honestly do not want or need anything else. I really dread getting stuff from people who don't know me well or don't spend the time to really think about what they are buying. I have a house full of stuff and if I really want something, I go buy it. There comes a point in our lives where we just don't want or need anything.