I was reading this thread earlier and I just wanted to reiterate the point that so many have already made...it's honestly not about the amount of gifts, or the size of your budget. Most of us grow up without having everything we want, if we have parents who have our best interests at heart. Even if you are well-off, it's not responsible to just cater to your child's every whim, they need to know that you have to work and save for things that you want.
I grew up in a single parent household, and it's only as a grown-up, that I can appreciate how poor we were, and how my mum must have struggled. But I can't remember a "bad" Christmas. We always had food (not turkey, just chicken) and presents (not loads, but we always got something that we wanted). We had music and Christmas telly. We had lemonade and chocolate. We had a tree with homemade decorations, and paper chains that we had to lick and stick together which would take a whole evening to make (no internet in those days!)
I can remember going with my mum to my mates house and he had a huge pile of presents under his tree, I was so jealous. Yet he was always round at our house, his parents didn't get on, so I guess his Christmases weren't much fun, no matter how many presents he got.
My mum has a terminal illness, and although she's ok for now, we honestly don't know if it's our last Christmas together. No-one is saying it, but we're all thinking it. So there's a bit of pressure to get it right and to have a good time, even though none of us are really in the mood. It's a bit of a paradox, how do you have a good time, when it's a terrible time?