I make stitched cross stich and bead decorations for the tree and put them onto cards as a small token of friendship rather than a bought present.
Cross stitched book marks for reading friends. Embroidered and beaded hearts with scented oil for drawers and to hang in rooms.
Small hampers of preserves with homemade biscotti and almond stars and mini Christmas cakes made in pork pie tins.
All these can be made in advance and the biscotti can be made to the first stage and frozen to be baked off at the last minute.
Lakeland do nice cellophane bags for presentation
Home made mincemeat made with windfall bramleys, not eating apples or the mincemeat may ferment.
Bottles of home made liquer although this may not completely fit the frugal brief but will be much cheaper than buying the real thing.
I make candle decorations for friends for their dinner tables with oasis and greenery from the garden and sparkly bows using the wired solstice ribbons from garden centres that will be in the shops around now even tho' it is only September.
When I give them to friends they give me the trays and bows back so I can reuse them for next years table decorations.
Homemade chocolate truffles which can be made in advance and frozen in boxes until needed for the hampers. Or put in homemade boxes. Lots of nets for these in craft shops and books and once you have the templates you can use old cardboard boxes and cover with sparkly paper or cheap wallpaper lining paper and quill decorations on the boxes.
that will have to do for now as off to hosp to visit OH and hpefully get some good news and get OH back.
But I will be back with pictures and recipes