Well, that all depends on what she believes about Santa. My 9 year old just now knows, so she understands that it is real money being spent. We have always given our 5 children the same number of presents, but not the same "value" of gifts. What that actually means is that I spend way less on my younger children. Because, you are right, if you spend the same on both children, the 2 year old will have a TON. So, I might suggest cutting back on her stuff a bit, and then balancing it out with some extra's for your oldest. Should she "learn a lesson"..maybe, but she is still only 8 at honestly, I dont think Christmas morning is the time for teaching life lessons. Part of the fun is in the opening, not necessarily what is inside the gift. I buy things that I would normally be buying anyway. This year my girls are even getting their own shampoo and conditioner, brushes, hair stuff, and toothbrush with toothpaste. I would buy those things anyway, but I have out them together in a cute little container to help fill in because their gifts are more expensive. Teach her humility all through the season. Help her go through her toys and pick out some nice ones to give away. Give to the Salvation Money cans..you get the idea. And then, let Christmas morning be about the kids, and enjoy it! ~A.~