Kate Hudson to Economize For Christmas

"I think it's a really weird time and I think that everyone is feeling it," the Oscar nominee told reporters Friday at a Los Angeles press conference for her new film, Bride Wars. Instead of buying expensive gifts, Hudson, 29, says her family relies on handmade presents to save money and to keep things more personal.

"We've always been pretty crafty anyway," she says. "We all knit. The girls knit. This year I'm doing these great big knit...well, actually I shouldn't even talk about it because I can't say it!"