I already wrote about our stocking gift tradition. We also keep our under the tree gifts to a minimum. When Tenor was an infant, I read about a family's three gift tradition. I'm not sure where I found it but it stuck with us, and we liked it so much that we implemented it for our family.
The general idea is that baby Jesus was given three gifts by the wise men, so we will also receive three gifts.
Gold is something that you really want or is something valuable
Frankincense is something that can be done with the family (a game, a craft, an experience)
and Myrrh is something that you need.
This tradition has focused our gift-giving, and I think made what we choose for each other even more special.
Check out all our family Christmas traditions:
Christmas Books and DVDs
A Special Nativity Scene
4 Stocking Gifts
3 Under the Tree Gifts
Christmas Eve Church Service
Christmas Morning - Luke 2