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Issue Date: December 14, 2008
Other ThinkSmart articles this week:
Parent Smart How to tighten Santa's belt
Travel Smart When to take Amtrak
Money Smart Earn holiday "gifts" from rewards cards
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THINK SMART
Helpful tips for your everyday life

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ParentSmart

ANN PLESHETTE MURPHY

How to tighten Santa's belt

The economy is forcing folks to tighten their belts -- including Santa. But you can avoid being a Grinch with some creative gifts. After all, says toy expert Claire Green, "the 'hot' toys cool off as soon as the wrapping paper hits the floor."

Splurge on a family gift. Explain that this year, instead of each person getting a big gift, you're going to purchase a family present that all of you can enjoy. For example, consider a new video camera that's simple enough for kids to handle. Or surprise them with an itinerary and road map for a special vacation weekend.

Get more for less. Generally, younger kids value quantity more than quality. Shop around for lots of little toys and wrap them separately under the tree. "Think about what they're interested in, and you can put together a terrific collection of little presents that may not cost you as much as the 'hot' toy," says Green, president of the Parents' Choice Foundation, which rates kids' toys. "Kids like to know you're not shopping just to cross their name off a list."

Think outside the department store. Shop the hardware store to find a gift for crafty kids. A drugstore may yield inexpensive beauty buys. And you can find great name-brand deals at your local consignment store. "What was new for one family last year is new for another family this year," Green says.

Create coupons. Vouchers that promise "you-pick-the-movie dates with Dad" or, for older teens, a coupon to wash and detail their car are bound to come in handy in '09.

Ann Pleshette Murphy is the parenting expert for ABC's "Good Morning America."


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