Things seem to change over the years. In our family we all had small gifts at christmas but at our birthday we had options. we could either have a party, an outing with two or three friends or a big present. When I became 11 I thought I was doing very well to go to Beverly swimming baths with 3 friends and then have a great picnic on the westwood, where my mother had made very good food but oh so posh, the wedgewood looking waxed picnic containers had come out and we had individual little trifles etc and meringues.!
We still stick to the smaller gifts at christmas but often used to do something like go to a pantomime or some outing too, and I prefer to see thought about what someone actually likes and would enjoy using, than just spending large amounts of money, that may make finances difficult.