We had quite a few bare Christmases when I was growing up - the family business was a major drain on our finances, but my dad refused to give it up!
There were a few Christmases when we didn't receive any gifts from our parents! I was quite young and I honestly didn't think it was odd that we didn't have gifts under the tree from Mom and Dad - it didn't dawn on me for a long time that kids actually got gifts from their own parents!
We got so many gifts (nothing elaborate - books, puzzles) from our 10 aunts and uncles and other relatives that under the tree never actually looked bare. Now the tree itself - that was a different story! We had one of those silver tinsel numbers for years, and continued to use it long past its "useful" life. It became very sparse, but we decorated it with much pomp and pageantry every year. After a while, even I couldn't ignore how bad it was. My dad used to tell us stories of how in the old days, people used to make their trees with rope and wire! Without complaining about our sorry tree (that would have been an instant punishment!) I tried to talk my dad into a daddy-and-me rope tree project, to no avail! A friend living overseas bought us a nice artificial tree at a Boxing Day sale and shipped it home for us. We used the same hodge podge of decorations, year after year - no one expected their tree to look the ones in the magazines, nor did they have to have a new look every Christmas, either!
When things improved a little a few years later, our parents would give us each a sum of money and take us so that we could shop for our own gifts. That was so much fun! I used to buy myself one big thing and lots of little things. My idea of a big thing was a craft kit; it certainly was NOT the latest techno-gadget! When I became a teenager, I'd buy myself new jeans (we wore uniforms to school, so jeans were strictly going-out clothes)
Every Christmas Mom made us new clothes - she worked with a fabric importer, and she also received lots of remnants from a relative that was a seamstress, and borrowed a sewing machine from yet another relative. I don't know how she did it but she made odds and ends look like designer stuff! Our Christmas outfits always drew compliments and I loved to show off about the gorgeous clothes my mom made!
The highlight of our Christmases was the family get-together with the 14 cousins, their parents, my grandparents! Lots of good clean fun - don't remember who got what cool gift (except for one cousin's Six Million Dollar man Sneakers - I was quite envious; I was Lee Majors/ Steve Austin's biggest fan). But I do remember the fun!
DH and I have had some bare Christmases too - but we tried our best to make it great for the kids! One year, the tree was decorated with tulle (leftover from our wedding), a few strings of white lights (also from our wedding) and stars cut out of gold-foil card scrap that came from BIL's work place, a printery! Funny though, visitors to our home loved that tree. One relative asked me to duplicate it in her store!
It's funny - the barest Christmases were actually the best Christmases!
Edited to add:
One of the Christmas highlight was the case of soda my dad would buy! Christmas was the only time soda was bought in our house - it was a treat, not a major food group contrary to my kids' opinions!