I buy a gift for my little granddaughter, and give money to the two teenage ones. That’s all. We decided, some years ago, that it was stupid to get into a frenzy wondering what to buy everyone, while they did the same for me. At my age there is very little that I want, anyway. Gifts, no matter how much thought goes into them, often end up stuck in a drawer. I often felt obliged to wear/use things that weren’t really to my taste because they had been given with love.
Martin Lewis wrote a very good article, a year or two ago, about the feeling of relief most people experience if someone is brave enough to suggest jumping off the gift-giving merry-go-round.
As for wrapping gifts, my little gd lives in Australia, so it is always something smallish and lightweight, and my daughter gift wraps it for me when it arrives.