Anyone bought this for their kids? I just picked one up yesterday for my soon-to-be 9 year old daughter. Wondering if anyone has it yet. http://www.walmart.com/catalog/product.do?product_id=4982309
If you don't want to put the tree up right away, you can just set it outside in a bucket of water until you're ready. The cold air combined with the water will keep it fresh.
No rituals. I usually do my wrapping in the basement on top of the washer & dryer, only because that's where I store all the presents and the wrapping supplies.
Mine are 6 and (almost) 9 and we do the same thing. They have no concept of how much things cost anyway, but they would notice if one had 5 presents and the other had 10. We just try to get them what they want within reason.