Issue Date: December 7, 2008

Scaling back the holidays

By Peggy Post

Traditionally, you're as generous as Santa during the holiday season. But this year, times are tough, and you're going to have to cut back. Rest assured, you're not alone. It's not impolite to trim your gift budget, if you handle the particulars with graciousness. Besides, the point of a present isn't the amount spent, but rather the expression of affection it represents.

Don't feel guilty. Paring down can be a relief for all involved, so don't agonize about doing it. Tell friends and family members as much or as little as you choose about the "why" behind your actions.

If the cutback means changing traditions, let people know. Maybe you won't be springing for extravagant gifts, but you could organize a group outing to a presentation of "A Christmas Carol." Or initiate a new tradition, like a potluck get-together. You could pick names from a hat so that each person buys a gift for just one family member.

Replace holiday tips. You could bake cookies or purchase $10 gift cards and pen a thank-you note for the babysitter and the mail carrier.

Skip the cards. Take a year off from sending holiday cards; you'll save both money and time. If confronted, just say you didn't get to it this year.

Be thankful. If you receive a scaled-back gift, express enthusiasm and appreciation -- and don't forget to write a thank-you note.