It becomes truer and truer as you get older – when it comes to gifts, giving is more fun than receiving.

You get a magical and joyful feeling as you watch someone you love open a beautiful gift that you chose just for them.  You see their eyes light up as they peel back the paper and discover the lovely treasure that lies beneath.

Of course neither you nor your loved ones are materialistic, but let’s be honest… a present with a hint of luxury makes a bigger splash.  But can you swing luxury items for your friends and family without going broke by New Year’s Eve?

We think so, and we can tell you how.  Read on for our expert tips and hand-picked recommendations…

Tip #1:    

For the person who has everything, consider a luxurious, designer version of an everyday item that you know they love, such as headphones, soap or luggage tags.

Tip #2:

For the big name designer fan in your life, opt for a smaller item that comes with the name, but not the huge price tag – think simple jewelry pieces, small leather goods and fragrances.

Tip #3:

Take advantage of the luxurious atmosphere Oak Street is known for; whether you’re picking up a $10,000 handbag or a $63 soap set, you’ll get impeccable, personalized attention and complimentary gift wrapping with beautiful boxes, ribbons and bags (which themselves make gorgeous keepsakes!).

Under $50

• Kate Spade Card Holders – $48

Kate Spade handbags can run you well into the hundreds, but you can pick up an adorable card holder that has all the same brand appeal and style as Ms. Spade’s purses.  This is the perfect gift for the career woman on the go.

• Kate Spade Reversible Earrings – $38

You’ve got to love beautiful jewelry that can do double duty – these very affordable earrings that can be worn two ways are unique, memorable and luxurious, everything you want in a good gift.

• Hermès Eau d’Orange Verte Shampoo – $42

What could be more luxurious than a designer fragrance in the form of shampoo? With a fresh scent with notes of citrus, black currant and mint, both men and women will adore this gift.

• Barneys Nest Candles – $38

You can never go wrong with an elegantly packaged candle with a beautiful and unusual scent, which is why we recommend Nest Candles from Barneys, which come in scents like Sicilian Tangerine and Wasabi Pear.

UNDER $100

• Ted Baker Headphones – $99

Get your favorite music fan a luxurious set of Ted Baker Dover earbuds. Choose from a variety of stylish colors: white and gold, black and silver, black and gold and even pale pink and rose gold.

• Carolina Herrera Fragrances – $98

For under $100, you can pick up one of Caroline Herrera’s intoxicating scents, all of which make an impression with their signature leather bottles.

• Alexis Bittar Rings – $75

Alexis Bittar’s Lucite Mini Sphere rings are at once simple and stunning, so they are the perfect choice for nearly every woman on your list, and they come in several colors, so you can surely find one that best suits your gift recipient.

• Hermès Soap Set – $63

You’ll love choosing 3 sophisticated scents for the 3 soaps that make up your custom soap set from Hermès and, of course, the lucky friend or family member who gets this gift will feel pampered and treated.

• Maje Gloves – $95

These sumptuous navy wool and leather gloves are treat for any lady who lives in a cold weather climate.  She will definitely appreciate the juxtaposition of style and function these Maje gloves represent.

• Zadig & Voltaire Wallets – $65-95

These mini wallets may be small in size but they’re high on luxurious style and come in so many colors and patterns that you’re bound to find one that’s the perfect fit for someone on your list.