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