Be Prepared for Anything

With the economy spiraling downward, I’m just curious: Is the current status of the economy making you change your spending on Christmas?

We make homemade gifts every year, but this year we’ve increased that to save money.

We’ve also cut back on the amount spent on gifts by placing a limit and a budget on buying. With three kids, the budget can get really high, but we’ve tried to limit it to no more than $125 per child. We also have put a limit of no more than three or four gifts per child. We don’t buy for anyone else. Everyone else gets homemade gifts - my brother, sister-in-law, parents, grandparents, friends etc.

So back to my original question: Are you cutting back on your spending and/or gift giving this Christmas? If so, how are you doing it?