YESSSS, I agree totally with you, bearisgrey!
I try to cut back, which means:
Low decoration level -> homemade Advent wreath, where the whole family was involved, that's it so far. The tree we will set up on 24., holy night, will be decorated by DD.
Cookies -> will make one baking session together with the kids cause they LOVE it
Presents -> just for people I really like and feel the need to give a present. Kids presents I already bought earlier.
One thing I could possibly blame myself for -> making my DH a quilt from very expensive japanese fabric, very time consuming, BUT I'm so not gonna put the blame on me for that ;-).
We will have a huge (!) dinner for Christmas, but I LOVE this tradition and team up with my DD, who loves cooking as much as I do. With my sweet helper, even a 7 course dinner is fun.