Since around the time of the Great Recession, my siblings, parents, cousins, etc., and I agreed to give gifts to each other only via one of those secret Santa methods with a limit of $40/gift. This has made things so much easier! We only have to gift something to a single recipient, making it less costlier, simplifying the gift idea hassle, and allowing us to focus less on the "shopping bonanza" and more on just enjoying our time together, etc.
I can't recall exactly why we started this "tradition" during the Great Recession but it was my Mom's idea...the funny part is that one might assume that one of us was hit by the recession (e.g. job loss, etc.), and that's why we started it...but thankfully none of us was negatively impacted. So, it wasn't because of any impact to any family member. I wonder if my Mom was just being prudent ahead of time? In any case, these secret Santa things are a good idea, not just for friends but also for family!