Gift "Etiquette"

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Is their such a thing as gift giving etiquette? I realize their is gift etiquette when it comes to receiving gifts (the even if your uncomfortable act like you like it & always thank people stuff/awkward). Ex. Is giving 2 different people who live together the same gift wrong? My issue is I'm at college & considering giving a few (not all) my relatives gifts but obviously as a student w/ no job I don't have much money & buy stuff cheap. Some of the stuff I saw could be given to more than one person (grandparents & my case 2 mommies) but only have one color for the item . Would I be better off getting stuff that's cheap (obviously) but not the same for 2 different people? Another issue is I'm guessing that spending a lot on one person & not a lot on another (ex. get one person a $10 & another a $2 item) in an obvious manner = bad?

There's no rule about having to give different gifts to people, it's the fact that you cared enough to buy one that counts. However, some people think that giving something different shows that you considered the preferences of each person when you selected the gift. If it only comes in one color, though, and you think both people will appreciate and be able to use the item, by all means give it to them both.

Back when I actually did Christmas shopping, I used to give theme gifts. One year it would be candles, another year it would be picture frames, etc. Everybody got the same basic thing, but each one was different. Now, I'm being kinder to myself about not going into crowds and everyone gets cookies. It's something we can all enjoy -- me the baking and them the eating.