A thick ribbon for wrapping packages adds a lot of bang for your buck. Pick up a large roll(s) of neutral (white, silver, gold) in 2" - 3" on sale (most are 50-60% off right now or clearance after Christmas 75-80%) that you can use for many different occasions.
A beautiful ribbon around a mug of hot cocoa mix, to tie up Christmas goodies, or hold the ties of gift bags together - always looks nice.
Think of the packaging as adding to the value/impact of your gift. To be honest - often I think of the packaging as making up for what I lack in content. I may not be able to give much, but I give it from my heart.