For me making gifts is not only a pleasure, but a lot less money for nicer gifts. I recycle found and free items whenever I can. This year I have made quilts for my mother and mother in law from 100% cotton upholstery sample fabrics. By basting well I used some soft knit fabric (someone elses unwanted fabric) for the back and purchased just batting and thread. They turned out so nice that even my quilting group was impressed. I made handbags for my sisters and sister in-laws (8 total) also from the sample fabric. Total cost for 10 very nice gifts under $40. I believe with a little creativity you can save a lot of money making your own gifts.