Once again, my camera is broke

This is what I get for buying a cheap camera.  But then again, if my camera was broke and I had bought an expensive camera, I would be sad and out some money.  So I come again to the decision of what to do about a camera.  I am starting to go insane not being able to take pictures of my constantly changing children.  But we are about due for a phone upgrade and some of the phones have 8gig cameras.  Pretty nice.  And we don't have a lot of money for a NICE camera (like the ones I like that Kacie and Jawan and Jodi and Melissa have).  It would be great to just HAVE one even if it is only a $75 one from Walmart.   So I don't know if I should miss out on more moments while I wait to save money to buy a nice camera and in January get a phone with a decent camera in it (not that I am getting the phone for the camera but the phone I want happens to come with the decent camera) or do I ask for an early Christmas gift so that I can capture my young ones precious moments?  Decisions, decisions.