New mom Drew Barrymore and hubby Will Kopelman have exciting holiday plans for their daughters, Olive, 2, and Frankie, 7 months — and Drew shared all the details exclusively with 'Closer Weekly'!

“This year, we’ll celebrate Christmas and Hanukkah, because Will’s Jewish so our daughters are half Jewish,” Drew tells 'Closer,' on newsstands now. “We’re doing Elf on the Shelf and Mensch on a Bench!”

drew barrymore holidays
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Drew with her daughter Frankie at the 'Baby2Baby' Holiday Party on Dec. 13, 2014.

When it comes to gifting, the down-to-earth mom has taken a practical approach this season. “I got Olive a really cool wooden dollhouse from London,” Drew reveals. “It was damaged but I thought it was cool.”

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As for Frankie? “She’s a hand-me-down baby, so I have all these great toys from Olive, like flash cards and a piggy bank,” Drew tells 'Closer'.

For more with Drew, pick up this week’s issue on 'Closer Weekly,' on stands now!