Strapped for cash this holiday season? You’re not alone. Many people are feeling the effects of the economic downturn. You may be tempted to ask for cash in lieu of gifts during the holidays, but is this socially acceptable? CNN asked etiquette experts to weigh in.

Peggy Post, great-granddaughter in-law of Emily Post, believes that if done so tactfully, you may indeed ask for cash. However, don’t let on that you’re sick of receiving tacky or impractical gifts. Instead, if you know someone will be asking for a wish list, simply say, “In case you’re looking for ideas…that would be a treat.”

Anna Getty, author of ‘I’m Dreaming of a Green Christmas,’ thinks that it depends on whom you are asking. Close family members are fine to ask outright, but be happy with whatever you receive from everyone else.

Jodi Newbern, author of, ‘Regifting Revival: A Guide to Reusing Gifts Graciously’ believes it is tacky to ask for money, unless you are noticeably hurting, or have recently experienced a financial crisis. She points out that saying something along the lines of, “I seriously don’t need anything,” will help you score cash or a gift card.

To read the full article, visit www.cnn.com/2010/LIVING/11/11/gift.giving.etiquette.cash/index.html?eref=mrss_igoogle_cnn