With the economy like it is, how much will you spend this Christmas on gifts?

I plan to spend less. But I say that every year! Normally I will save for Christmas all year but still end up charging some on credit cards. This year I am using cash only- planning on listing everyone on paper & budget how much to spend. Instead of numerous gifts I want to take the time & effort to pick something they will love. Have family over & just enjoy the spirit of the season. Sort of an old fashioned Christmas.