For several years now, we have had a holiday tradition in our family of giving each of our kids an equal amount of cash for the holidays and then we let them buy what they want. This works pretty well from pre-teen on up. They receive their cash gift normally before Black Friday, so they can take advantage of the holiday deals. After that, when we celebrate the holidays, we just have a few small things to open (mostly small stocking stuffers) without all the stress and hard work of finding and purchasing gifts, hiding them, wrapping and then putting them out. We can also avoid a lot of the mess we used to have to clean up after opening all those gifts. That may not sound like a lot of fun, but it works for our family - especially since we celebrate both Hanukkah and Christmas (so the kids get a few small things to open on each holiday in addition to the main cash gift).