This should be fun!
If I've given extravagant gifts in the past, do I have to continue the tradition? You should only think about two things when you think about price--your budget and your relationship to the person. What I give my sister might be different than what I give to my coworker. The other thing is, you don't need to explain that things will be smaller unless you think someone is counting on your gift. Anna Post's Gift Giving Advice