When I was a child, I was completely spoiled at Christmas. My Dad earned £50,000 a year, and my Mum earned £24,000 a year.
A few years back, my Dad lost his job, and we went from surviving on £74,000 a year plus company privileges to having just one wage to pay everything. As you can imagine, people adapt to live within their means, so our outgoings were high, and having to cut back was a shock.
That first Christmas was different. We didn't get showered with gifts (still got some, of course) and you know what? It was BETTER.
The gifts that we got were thought out ones that meant something to us, rather than what I would describe as the "expensive tat" that we exchanged before. When we were children, we got more toys than we had time to play with.. and what's the point? Kids don't care! They don't grow up thinking "I wish I had more toys for Christmas" they think "I wish Mummy and Daddy had played with us instead of working."
What I'm trying to say is that material possessions mean nothing in the grand scheme of things. If you want them, get a job and pay for them, but your parents can't magic up money that they don't have, and it REALLY doesn't matter.
I've been on both sides of the divide and, while of course I'm grateful that I was able to enjoy the comfortable childhood I did (we were never particularly extravagant, we spent our money on silly things like high brand food, TV packages and other subscriptions that to be honest we didn't miss), life certainly isn't any worse now I'm on the other side.
When I have children, I hope that I will be able to give them the spirit of Christmas without having to include spending thousands on presents. This is the first Christmas that I've been able to buy things as I have a proper job, and I've gone overboard, and it's stupid. I've spent close to £1,000 on my Mum, Dad, Brother, Grandparents, best friend and partner (in total, not each). There's just no need for it, but I think it's only because I had the money to spend this year - whereas next year, when I have proper responsibilities, I definitely won't, and wouldn't want to even if I could!