Raise your hand if you're starting to panic that Christmas is approaching and you can't spend a lot of money. *raises hand and waves it like that annoying kid in school*
Handmade is the way to go, especially if you are already a crafty type because most likely you'll have plenty of supplies already on hand. Not sure what in the world to make? Craft Stew has a list of 50 Handmade Gift Ideas.
Plenty of blogs run "handmade Christmas" series that post once a week or even a week at a time (google handmade Christmas blog and that will point you in the right direction) and One Pretty Thing runs round-ups every day, multiple times a day, that will leave you with no shortage of ideas.
Not all that crafty? Or just running out of time but still want to give handmade? Here are some recommendations of handmade goodies I've ordered and loved (and they are all super reasonable!)
How about a foldable, reusable shopping bag from Crafty Tokyo Mama (she now has quite the selection of zippered pouches too)
The lip tints from Petite Threla are great. I have two in my bathroom and one in my purse.
I don't know what I'd do without the cuticle balm from Coquette Bath.
I've also received fantastic bath products from Latherati, Gourmet Soaps (you need to read her profile, it made me laugh) and Epically Epic Soap.
Try some covered button stud earrings from Lovie and Boo
A cup cozy and a gift card would make a nice gift. I've ordered cozies from Hollyberry Designs, Little Jags, and Daisy Cutter. (I haven't ordered one, but I think the cup cozies from Bat Girl Designs are fantastic and cute).
I love my handbag from SylSyl. She doesn't make them like mine anymore, but she still has a ton of gorgeous purses and wristlets.
And if you want unique cards to mail, but don't want to try making them yourselves I've really liked the ones from Ollipop Greetings and A Fanciful Twist.
Hope that helped give you some ideas...or at least steer you in a direction to get ideas. I'm almost done with Christmas gifts and I haven't even had to face the crowds!