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Christmas is coming!

I'm starting to get worried .. Christmas is coming! I'm in debt and don't want to be paying off xmas for the rest of next year! I've decided to be pro-active and start preparing now. I think I'll start off this weekend by getting the kids to draw pictures then cutting them out, mounting them on coloured paper, then putting them onto plain cards... Has anyone started preparing already? Anyone got ideas for homemade pressies?