We've been replicating my childhood Christmases, which CAN be but don't HAVE TO BE expensive. (NOTE: this is our general schedule, but we're a reading family who banished the TV into the corner of the basement from sheer lack of interest. If your family is more into Christmas movies and the like, adjust accordingly.)
Christmas season in general:
- Bake cookies, cretons, tourtiere, and the like
- Decorate the house and tree (tree and greenery from outside, decorations saved over the years - possible expense of MAYBE buying a new string of lights for the tree, since one of ours seemed to be giving out last year)
- Make ornaments (a lot of decorating blogs have tutorials that are easy enough for most kids over 5, if you need inspiration! Also, you can incorporate learning activities - with my niece, for example, I made paper snowflakes and we read the book Snowflake Bentley, about photographing snowflakes)
- Listen to Christmas music, etc
TOTAL COST: tree if you can't just go get one, baking ingredients, time.
Night before Christmas
- Go to church (with my in-laws... I grew up in a seriously non-religious family and am an atheist, but I'll bow to familial culture once a year, fine)
- Unwrap new PJs and a book (and a new set of winter PJs one a year isn't outrageous for most of us!)
- Have a simple dinner that's prepared beforehand (traditional Quebecois food: cretons, tourtiere, fresh bread, salad, christmas cookies for dessert...)
- Curl up in front of the fire or tree, read books, listen to music, go to bed.
TOTAL COST: Maybe 60$, and that's PJs for everyone and a few books. Less if you sew the PJS, which I don't.
Christmas day:
- Wake up, eat the traditional Christmas breakfast (kugelhof bread made the day before, sliced oranges, coffee/tea/mimosas)
- Open Christmas presents (which can be as lavish or not as you like)
- Hang out as a family in PJs, playing with new toys/reading new books/etc (note that this is more functional when there are fewer toys; kids tend to be able to concentrate on what they're doing alot more...)
- Get dressed in semi-fancy clothes (which are not bought specifically for Christmas!)
- Either drive to the grandparents house or have people over, hang out with family, hang out with cousins, go sledding, have some wine, excellent homemade meal, songs, games, more sledding, exhausted children collapse to be taken home or upstairs to bed.
Boxing day: stay home, go sledding, light a fire in the fireplace, read books, play with toys, maybe invite the cousins over for company...
So, other than presents (which, as you'll notice, are not the focus of the day), planned expenses are baking ingredients, new PJs and books, and ingredients for the meal and a few bottles of wine and bubbly. It's absolutely not outrageous.
Mind: the presents can be as expensive (or cheap!) as you like and can afford, but in my experience you're better off with one more engrossing (and potentially more expensive) gift than with multiple cheaper gifts - the kids play more with the one thing instead of getting super-distracted by ALL THE THINGS. A good train set, or a play kitchen with gear, or something of the sort, is preferable to a bunch of single-use plastic toys that all get mixed together. Also, once the cousins get there, they're more likely to ALL play with it, instead of arguing over who gets the use of a smaller toy.