Deck The Shelves With Bargains Only

As a sculptor in Sausalito, Calif., Suzanne Simpson, 51, has done pretty well for herself. So has her husband, a certified public accountant. So why is Simpson planning to cut back by 25% the number of Christmas presents she'll give this year? Well, sculptors are practical, too. "We're very concerned about the economy," she says. "We haven't suffered, but we feel we have to be very, very alert."

To continue reading this article you must be a Bloomberg Professional Service Subscriber.