We've been in the same boat, of teeter tottering between what's enough/ too much, focusing on the right things, giving (and receiving) with the right heart.
All this to say, being totally broke really takes the pressure off. :) I don't have to worry about getting to the stores at a certain time to get the "magical gift" that will make Christmas a success. There's no debate about how much is too much, because we know we'll get a little of what we can, and that's enough. More importantly, the kids know that. They don't make Christmas lists. They don't ask for things (in part, probably because we don't watch TV, therefore they don't see commercials. Ah, the power of movies over shows!)
Best of all, I'm spending less time worrying, wrapping, spending, planning... and more time being with them. More time thinking about the Real Reason. More time being thankful for what we already have. More energy into celebrating Advent, than teetering on the commercialism that surrounds Christmas.
We have years of abundance, and that is nice. We do buy gifts for the kids, and extended family and friends, when it's possible. But it's nice to relax and be okay with the lean years, too. Rejoice in every circumstance, right? And, somehow, even though this seems like such a risky time for us, I feel very at peace with it. I can only assume this is a supernatural peace, as I'm usually a rather anxious person. ;)
How do you handle the glut? Is the balance hard for you? Are you having a year of abundance, with full grain stores, or a lean year?