I think most adults have more fun giving than receiving. For myself, I also have the pleasure of making things. I sew. crochet, knit cook and papercraft most of my Christmas gifts and love to create throughout the year. However, I am very aware that receiving a Christmas present may create the expectation that someone has to give a Christmas present in return and of similar value.
What I mean about "the conversation" is agreeing to dial down Christmas presents between friends. With some friends I have a cooking agreement - I'll make you a pudding, you make mince pies, that sort of thing. That eases the pre Christmas cooking burden for both of us. With others it's "let's have a special day out together after Christmas" so the generosity of Christmas is extended into the New Year. For another I give something to a charity - this year one friend's loo will be twinned with a loo in Nigeria. That gift is much more than I would normally spend on a Christmas present but it is also a contribution to a cause dear to my own heart, with a charity working in a country with which I have a personal connection.
Apart from the cooking, this doesn't save much money but it is a more thoughtful way of giving and is truly mindful.

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