They are excited about the holidays, but we are already feeling stressed out. We want them to have good memories of the holidays. Spend some time revisiting your own childhoods and your favorite holiday memories. My suspicion is that when you recall your favorite memories they have nothing to do with how many gifts there were under the tree or how much your parents spent on them. You may or may not even remember specific gifts.
Children experience the holidays differently at different ages.
The very young child for whom you carefully shopped may be more interested in the packages wrapping than its contents. Your responsiveness to their needs and feelings will leave a more lasting impression than any picture with Santa. Make time together as a family a priority. Let decorating the house, making and wrapping gifts, and preparing meals be family activities. Delegate tasks according to age and ability.