Giuliana Rancic may celebrate her son Duke's second birthday at a trampoline park -- read on for more of her plans. Credit: Jerod Harris/WireImage

If it's up to Giuliana Rancic, her son might just be jumping into his second birthday: The E! News co-host tells Us Weekly she and husband Bill Rancic are considering holding Duke's bash at a trampoline park! "We're thinking it might be fun," she told Us at LG's Junior Chef Academy event on July 15 in Culver City, Calif., where her little boy walked his first red carpet.

"He has some friends that are a little older, like my nieces and nephews, that love the trampoline — he does, too — so we're planning it right now," Giuliana, whose son officially turns 2 on Aug. 29, told Us.

Duke's 2nd birthday soiree will be decidedly less lavish than his first bash. For the cowboy-themed party, the Rancics went all out with a petting zoo, mechanical bull, Crayola coloring station and lots and lots of sweet treats. "Year one [was] the big blowout, but every year after that — until they're old enough to realize what's going on — you definitely can cut back a little bit and save some money," Giuliana, 39, said.

When it comes to this year's party, Giuliana is prepared to tighten the purse strings — to the delight of her business-savvy husband, 43. "The most important thing is getting friends together and doing something fun. It doesn't have to cost a lot of money. I'm sounding like my husband right now: His favorite word is 'budget,'" she told Us with a laugh.

Duke's latest milestone will no doubt be a joyous moment for the couple, who revealed in June that their surrogate suffered a miscarriage while pregnant with their second child. And, when the time is right, the couple will reconsider giving Duke a sibling. "I've been through a lot — breast cancer, infertility, miscarriage — but somehow, you know, the big man always figures it out," Giuliana told Extra's Mario Lopez when revealing their news. "We're so happy today and we always get though things. We're gonna keep fighting."