Holiday Central 2012
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Last-Minute Gifts for the Procrastinator 2012

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Make a Debt Payment

Cost: Varies

As total student-debt continues its race upwards to more than $950 billion, paying off a chunk of a recent grad's debt may be one of the best gifts we've seen yet. It's more thoughtful than handing Junior a wad of cash, and something similar works well for new car owners or those who are paying off a mortgage.

Although it's not the flashiest gift of the year, it is arguably one of the most useful. Helping the people you love to reduce their debt burdens is integral to their long-term financial health. They'll thank you for it now … and later.

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