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But luxury presents dont have to cost a fortune.

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Instead of splurging on a pricey gift, stretch your dollar further with a cheaper option.

Here are five luxury items wealthy people are buying this year andcost-effectivealternatives.

For a special touch, you could also have it monogrammed for an additional $15.00.

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Another cheaper option is theMadison Park Marselle Oversized Faux Fur Throw Blanketat Kohls.

Its on sale now for $19.59 and comes in various colors.

Its currently on sale for$299.99 at Target.

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TheRing Concierge Diamond Claw Cuffis a luxurious item that madeForbes holiday gift guide.

Massage Gun

Feeling stressed out or sore but dont have the time or money for a massage?

A massage gun could do the trick.

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But some can be costly.

The cordless machine has five different speeds and 2.5 hours of battery life.

The item is on sale now at Amazon for $24.98.

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