My birthday was in late April. My sweet sister asked me over and over again what she could get me for the occasion. Finally she settled on taking me out to eat, anywhere I wanted. More and more I kept thinking about how much money we spend on birthday dinners in my family (we are some serious foodies) and what an impact that would make on my student loans or to the debt to the University of Tennessee. So she agreed to make one or two payments for me this summer.
I would encourage you to think about this option when gifting holidays come around for you. Yes, I would love to have some new kitchen toys to play with, and I am drooling to try the new Italian restaurant a few blocks away. Though, non of those wants can compare to my desire to pay off my debts and live with peace of mind.
In addition to that, my parents are paying my final semesters tuition and books. This means I am not longer adding to the principle of my student debts, but those damn interest balances keep creeping up.