GOLD
"The Gift of Wonder"
{wrapped with gold}
These are gifts that tickle and delight. They are the gifts that are really wanted or desired--The gift that the receiver just can't go without! A wanted toy, a planned outing, a season pass… something they just HAVE to have.
FRANKINSENCE
"The Gift of Meaning"{wrapped with red}
These are gifts that have meaning and express affection. These might include: a scrapbook, a quilt, a special doll, an heirloom, a childhood memento, a CTR ring or piece of jewelry, new temple clothes, a treasure box, a framed photograph, or letters from the heart. This gift is extremely worthwhile and something that shows love.
MYRRH
"The Gift of Usefulness"
{wrapped with green}
These are gifts that are truly needed. Look at your loved one's needs and choose a gift that would be truly useful. These might include a new coat, a down comforter, or a new pair of shoes and socks. Use this gift for something practical yet worthwhile.
Bill and I started this tradition the first year we were married, and I have to say it has helped our Christmases stay focused. It's difficult to just give three gifts. Some years we have to sort of give package deals, but we do our best to keep it to three. What it does, however, is make us be really thoughtful about what we give. It's so easy to just go out and buy some stuff because you want someone in your family to have it, when it's not really what they want or need. This sets some parameters and it sure makes shopping a whole lot easier.
In our family, Santa still brings gifts as well, (1 large gift and 2 small gifts) so the tradition of Santa can be preserved.