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Give serious consideration to alternative gifts this year -- things that minimize the use of resources, including gift wrapping and shipping. Think gift certificates, a donation to the recipient's favorite charity, or promise notes that can be redeemed for such things as making dinner, helping with chores, taking the kids to a museum, etc. You could also give tickets to a concert, the theater, or a sports event.
If you're not sure what to buy nieces and nephews, you might open a savings account in their name, or give them stocks or bonds. Gifts of this sort can be the beginning of their financial education, and will avoid putting unwanted stuff under their Christmas tree.
Of course, homemade gifts are the original alternative gift. They're frugal, easier on the environment, and more personal, since they represent an investment of your time and skills. And you can make them more meaningful, since they can be tailormade to the recipient.
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