If buying expensive gifts is not within your budget range but you still want to give presents to your friends and loved ones, there are a lot of cheap Christmas presents that you can buy.

Your gift may not cost a lot in terms of money, but its true worth comes with the time that you spent thinking of something that you think the person would love, instead of just wrapping gifts in random.

Here is a list of some cheap Christmas presents that you can give to your friends and loved ones to make the Holiday season even more special:

1. Baked and cooked goodies.

You can dig up some old family recipes and prepare a special sauce, cook pasta or a special dish, or bake some fruitcake, cookies and other Christmas goodies that can be enjoyed by the young and old alike.

Your kitchen should be stocked with food so just open the refrigerator and you are bound to find something special that you can cook and give to your loved ones, this makes for a cheap yet delicious Christmas present.

2. Handmade items, arts and crafts.

If you know how to knit or sew a good stitch, you can knit a cap, shirt, sweater or any item to give as a cheap but nice Christmas present for any of your loved ones. The 'labor of love' that comes with making such a personal item will make your gift even more wonderful.

If you love to sketch or paint, you can put together a framed picture that painted yourself, or a handmade Christmas card or a handicraft item. The possibilities are endless, as long as you put in your talent and a little imagination in making the perfect present to give during the Holidays.

3. Personalized gift items.

Buy a plain old mug or wine glass from a thrift store. Then, spray paint or stencil in a personalized Christmas message for the recipient of your gift, including the name. Wrap it in a cheerful Christmas wrapper and voila, you have an affordable yet very personal gift item to give!

4. Use your desktop or laptop computer to print out a special Christmas present.

Save a picture from the Myspace profile of all of your special friends, then print them and have them made into one of those cute buttons, or buy a classic-looking picture frame from a discount store. Insert a personalized Christmas message to make a great Holiday present.

If your friend or relative is a writer, or an executive, pull up your Photoshop program and make a mock magazine cover with your friend's picture in it. Add in funny headlines, then print the page and frame it to make for a cute and memorable Christmas gift.

Even with a small budget or no budget at all, you can just let your imagination run wild and you can surely come up with cheap Christmas presents to give your loved ones during the Holiday season.

It is, after all, the season of giving, and the people to whom you will give the gift to will appreciate it more if your Christmas present for them is something personal that suits their taste and personality.