We spent just under $250. But we used points / gift cards for another $200 or so. I am happy with that - we hosted (and paid for!) a wonderful turkey dinner for 9 and sent gifts overseas too. We only have 1 child of our own and we buy for 3 nephews too.
For me, the best part is that we haven't been to a store since Dec 23, and we still have lots of leftovers to get through. So I figure we will have saved about $80 in food costs this week - making it a pretty economical Christmas.
I love saving money on buying gifts, I got my mom a lovely 100% silk scarf, never opened, still in packaging, from a deceased estate sale. I also scored some crabtree and evelyn hand cream that was 75% off, got it for $8 - the store had 4 left so I got them all! Both these finds were in the summer, and I've had them stashed away since then.