Six-figure bonus got you down? Radar presents gift ideas for the frugal i-banker

MERRY CHRISTMAS, AND A FISCALLY SOUND NEW YEAR Presents to keep your trophy wife smiling

Poor i-bankers. Last year, you had an eight-figure bonus to play Santa with, but this year, not so much. With the market in the tank and that little subprime snafu, how are you to celebrate this holiday season in the manner to which you are accustomed?

Fear not, master of the universe. Our nation may be facing an imminent recession, but there's no need for you to celebrate like some middle-management schlub. Here, we offer seven great gift ideas to suit your new financial limitations ... nothing over $10,000!

TIME AND DIME Cheap out with a pave diamond watch

Last year, you picked up two pairs of $8.8 million, 60-carat diamond drop earrings—one for the Mrs., and one for the mistress. This, year, you've simply got to be more prudent. But that doesn't mean you can't get the ladies something sparkly.

Your first priority is to the wifey. Make her feel like the princess she was when you met her freshman year at Choate. Substitute something sentimental for high-end bling. Might we suggest this pave diamond tiger's eye watch with a heartfelt inscription ... something like, "I never could have made it through the this year without you, the kids, and your uncanny ability to look the other way." And hey, it's still Gucci (and a steal at $7,990!).

For Little Miss Piece on the Side, keep it sparkly with a designer name that will guarantee the blowjob train doesn't leave the station. Tiffany's Diamonds by the Yard necklace by Elsa Peretti should do the trick, for just $5,900. She'll be so distracted by the blue box, she won't even notice that the diamonds cost slightly less than her breast enhancement.

Photo (top): iStockphoto

BOWL BLING Givenchy's champagne bucket will set you back $100,000

For Yourself

Last year, you treated yourself to a $100,000 jewel-encrusted Givenchy ice bucket and filled it with bottle after bottle of $1,500 prestige cuvee.

This year, you can still feel like you're living large ... but for less. A lot less. Pull out that shiny old ice bucket you stole from Chateau Marmont and toss in some budget bubbly, like a bottle of yellow label Veuve Clicquot ($34.99).

Or reach even deeper into your plebeian roots with some Cristalino Sparkling Brut ($6.99). Just because your bonus sucked this year doesn't mean you can't enjoy something bubbly.

SPACE SAVER An astronaut suit for the kiddies

How to top last year's big family gift? Don't.

After all, last Christmas you spent $1.76 million to take the whole gang to space in 2009. This year, get some more mileage out of that same gift while you get them more psyched for the big trip. For just $1,550 apiece, the kids can have Apollo Astronaut spacesuits of their own ... and they'll never know that Papa has failed in his manly duty of bringing home lots and lots of money.

Sure, a portrait in chocolate syrup by artist du jour Vik Muniz would look great above the Jacuzzi, but you just can't spare $110,000 this year. Console yourself with a lovely coffee table book of Muniz's work for just $26.

SOME BITCHES HAVE ALL THE LUCK The $7,000 Good Life Indoor Pet Home

Last year, even the yappy little family dog got a big treat—a $7,000 Good Life Indoor Pet Home, complete with a pup-sized Italian leather armchair.

This year, keep Fido happy (and skinny) for just $5.59, with a box of peanut butter–flavored Blue Dog Bakery Low Fat Dog Biscuits. If only all the bitches in your life were so easy to please!