But I have decided that this year, instead of a bunch of gifts for the grandkids that will get lost among the other bunch of gifts from the rest of their families, I am getting them each a little something and opening a savings account for each one of them. It won't have much at first, but I plan to build on it at gift giving time and it's there if anyone else wants to add to it.
That's a fantastic gift! My parents do something similar. On birthdays they give the grandkids a small gift and a check for their college account.
We celebrate Hanukkah, and my family's tradition is a gift every night for 8 nights. It's not as big a deal as it sounds like--many of the gifts are the equivalent of stocking stuffers. For example, one night each of the kids is getting a big chocolate bar.

We always do one bigger gift, one book (or book store gift card, now that they're getting older), and one Amazon gift card to put away until there's something they really want. Other than that, it depends how much of the budget went to the big gifts. This year the 2 younger kids asked for new Fires (tablets), so that used up a lot of their budget. The oldest got his first laptop and first phone this summer (for starting high school), so he knew not to expect any big gifts for Hanukkah.
I won't really get any of this, since adults in our family don't exchange Hanukkah gifts, but my list would be:
Something I want: A digiscrapping gift card or a Shutterfly gc (to print my next photobook)
Something I need: Some free time that comes early enough in the day that I'm not too exhausted to do anything with it
Something to wear: New jeans
Something to read: Continue my Kindle Unlimited or Audible Romance Package monthly subscriptions