smart spending

5 money gift ideas for the holidays

Pay off a specific debt
Pay off a specific debt © zimmytws/Shutterstock.com

Pay off a specific debt

Have a close relative that recently lost a job?

If the circumstances are right, you may be able to provide the most help and the best money gift by paying off a certain debt that person owes, says Carla Cargle, financial adviser and founder of Genesis One Wealth Builders in Sugar Land, Texas. Family members who are actively paying down high balances will appreciate your contribution much more than they would a fuzzy new sweater stuffed in a box.

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Stuff your stockings with holiday savings Be on the lookout for holiday bargains from your favorite stores and credit card issuers.
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