I think, with all the commercialism of recent years, it is easy for us to forget what these holidays are supposed to be about. This is a time for family, friends and other loved ones. It is not about who spent the most on gifts, or who is providing the most food, or who has the greatest decorations. Those are displays of ego and they have nothing to do with the spirit of companionship and love.
Make your own decorations; make hand-crafted gifts. Say no to spending money and say yes to the liberating feeling of frugalism. Remember, living simple is about changing old habits and embracing new habits and traditions. It is time to take back control of our spending and our lives. There is no better time than right now!