"From an etiquette standpoint that's really the best thing each of us can do — be a gracious recipient and allow others to celebrate the holidays how they wish," Anakee says. "I think it's important to weigh their feelings. Some people are under the wrong assumption that when someone gives them a lavish gift they have to match it in kind. This is totally untrue."
Give your time or an experience
When you look back on the holidays throughout your life, you remember experiences the most, not presents, Greenberg says.
"You don't remember the stereo. You remember the time you went to a late movie, went out for Chinese food or went to the botanical gardens together," she says. "This is why experiences are such a meaningful present."
Instead of giving a store-bought gift, consider tickets to a concert, the ballet or a baseball game. If that's out of your price range, offer to babysit or cook a meal for your loved one. Any kind of service you can provide is not only a great present, it also allows you to spend more time with the recipient throughout the year, she says.
"Experiences almost always trump physical things because they really can never be taken away from someone," says Anakee, adding that an in-home movie night, baking cookies, making cards and ornaments together or putting together care packages for the elderly can be great holiday bonding experiences.