My family is doing the Greater Good project again this year - it's easy to do when you're already just outside the poverty zone anyway. I'm really uninspired about presents this year. They just seem so meaningless. We have everything we need and I buy mostly second-hand now. Even Emma can't think of anything she needs, or barely anything she needs. I find that admirable. Not all of my children feel that way, but that's OK ;).
But here's some great direction in case you don't have a church that you belong to, or an organization who's doing something similar. Found originally here. Even if you aren't Christian, the idea that Jesus was a good role model and good to emulate is inspiring.