Hey y'all! I'm Skye and I believe in three things: living a simple life, running a savvy business, and having sound finances! I've been blogging and running my own business for over ten years now and I've gained a lot of knowledge that I am here to share with YOU. Learn how to perfect and balance these three aspects of your life and it will trickle out into every other area of your life, like your marriage, parenting skills, and relationships!

Learn More about my Mission

Five Day Money Makeover Challenge

Are you ready to give your finances a total makeover? Download my Five Day Money Makeover Challenge!

Download your Challenge Here!

Five Gifts: Gifts for Someone Paying Off Debt

If you've got friends or family paying off their debt, gift giving with them can be a little bit tricky. They're likely strapped for spending money since they are funneling all their extra income towards getting out of a mountain of debt. They're probably not much interested in more "stuff" since they are on the path towards a simpler, less cluttered lifestyle. So here are five gift ideas that will keep them encouraged and on the path towards financial peace!

1. Scholarship for Financial Peace University

Find a class in their area or offer to pay for them to attend online. Sometimes starting the process of getting debt paid off is the hardest part, and a little kick in the pants like Financial Peace University is a great way to get it going. Dave Ramsey teaches about his debt snowball method, goes through his baby steps of getting out of debt, and then what to do with your money once you're debt free! It is a great starter-overview-learn it all course for those getting started in responsibly managing their money!

2. Gift Cards

The key here is not just any gift card - while eating out is nice, it is considered a luxury while you're paying off debt. Find out what their biggest expense is, like gas, groceries, daycare, etc., and get them a gift card for that. Anything that they can use a gift card for and free up cash towards their debt snowball will be a welcome gift!

3. Cash, with a Purpose

The gift of cash is always welcome but make sure to earmark it for exactly what your intented purpose is. If you want them to use it to pay towards a loan, tell them. If you want it to go towards monthly expenses, like a gift card, let them know. If they are paying off debt they are being responsible with any source of income they can get and they'll do with it what you ask.

4. Envelope System

Using the cash envelope system is the key to really getting down to the grind stone and getting debt paid off. We have made many attempts before but until we added in this factor to the mix, it did not work. This is the envelope system we use, and it is perfectly fine, but I wish I had gotten this one instead, since it has slots for my driver's license, debit card, etc. so that I only had to carry one wallet around with me!

5. Words of Encouragement

It can get really, really boring. I'm not even going to lie.  I already feel like I'm running out of dinner ideas and I'm trying to reserve some of my enthusiasm for a few months in when I know I'll run out of steam. So a card with words of encouragement and a reminder that you'll be supporting them in the journey can actually go a really long way!

If you're paying off debt, or have done it, what would you add to this list?

*Post contains affiliate links.


  1. This is such a great idea! We have very little debt but we're always saving money, so gifts like these would be great. I would love to take Dave Ramsey's class but can't get the fiance to do it with me.

  2. With time and as all things do, there were changes to the types of gifts, which then included gifts of honey and cakes symbolizing prosperity and sweetness expected in the coming year.wholesale toys uk


© Skye McLain - Simple Life, Sound Finances, & Savvy Business • Theme by Maira G.