This holiday season, there might be a little less under the tree. A Siena Research Institute poll revealed that 53 percent of New Yorkers plan on spending less this holiday season. So how are parents making the tough cuts? Our Kaitlyn Ross reports.

CAPITAL REGION -- As the holiday season ramps up this year, just how full is Santa's bag going to be?

Dawn Padfield of Albany said, "We've been looking at ways of spreading our dollar around, and I've been looking on Craig's List a lot."

With a 2-year-old and a 4-year-old, the holidays can be stressful. Though gas prices have gone down recently, a new Siena poll reveals that people are still worried about the stock market and winter heating bills amid holiday shopping.

Padfield said, "We try to find things that they can both play with together and not things that are only for the now but things that they can have throughout the year and kind of enjoy and use their creativity with."

Though a third of the people polled said they'll be crossing names off their holiday list this year, one's children probably don't qualify. So parents are trying to make the most of what they've got.

Paul Roundy of Nassau said, "I think we're always careful. We build a lot of their toys out of cardboard boxes and duct tape. We make nice kitchen sets for them that do very well. The 3-year-old is very happy with that kind of thing."

And it jives with the poll, as 60 percent of New Yorkers polled said they'll be spending less money on loved ones this year, and they'll be a lot more careful just how they spend it.

Roundy said, "We won't do any shopping today, but we'll come back after we've decided what they like."

Brian Murray of Loudonville said, "With two of them, she's inherited a lot of his stuff, so it's always a question of what they actually need versus what we have to buy."

And while the economy isn't going to be the Grinch that steals Christmas this year, it certainly does look like it's going to slow holiday spending, by about 53 percent overall.