I make a lot of food gifts for my family members and friends. My family, especially -- most of them either have everything they need or can easily buy everything they need, so they really appreciate a basket of homemade jams, candies, chutneys, and the like.
I also try to save money by keeping an eye out for sales throughout the year for things that "won't go bad" or out of style. Videogames for our 9 year old, books for everyone, horse-related anything for our 11 year old, pretty accessories for our 14 year old, toys and puzzles for the preschooler and the baby. My husband is more difficult to buy for, so I pretty much need all year to plan for him anyway!