IMO, for something to qualify as a present it has to be something the person just wants or is a luxury item, not something that is needed (which the family savings account should buy).
Things like a diamond ring, flowers, a cool car stereo or home stereo system, would be things that qualify.
Things like an oil pan (because yours is leaking), a crown OPDA (because yours might start screaming), or a new dishwasher do not qualify.
At least this is my thinking that I've worked out over the years. Another example to try to clarify, I may want a new set of sockets or wrenches, but that is really something that I need and the family savings should buy. Not a gift.
But, if the thing is something the person will not be able to buy due to lack of money and they need it, then a lot more things qualify as gifts. It gets harder as you get older, and I can see why my parents say things like, "Don't get us anything, we're fine!"