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I haven't started holiday shopping as of yet, but my wife and I have vowed to do things much earlier than in past years. We'll probably start this weekend, and hope to be done by early December.
Personally, I have always been a last-minute shopper. That worked well when I was living in Boston, and only needed to take the T downtown to do my shopping. If the lines were long, I could just wander around the city. Now, living in CT, waiting too long means I have to deal with traffic, etc.
As for the recession - my wife and I are very lucky in that we still have our jobs and our companies are doing well (knock on wood). That said, we're not going overboard this year, and we're trying to save even more just in case one of our companies gets into trouble.
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