There are many inexpensive ways to decorate for Chrismtas that come to us from Victorian England, a time when Christmas celebrations became more family-centered. Many decorations were made at home with materials available.
Some that I like: gilded walnuts (you can remove the nuts, glue the shell back together & paint gold or silver) and paper cones (from a square of paper) filled with cotton & topped off with candies. You can glue edges of paper doilies around the top of the cones if you like. Small candies can be wrapped in colorful tissue paper with a twist on each end. You might like to use bits of wrapping paper for these. Some of these could even be hung from the tree. If you do needlepoint or counted cross stitch, small squares of these look nice hanging on the Christmas tree with a ribbon. You can set out bowls of nuts and candies. The popcorn and cranberry garland is from the Victorain era too.
Click title for more great homemade ideas at eHow.