So you get an x amount of money for x mas would you spend it on something like an electronic or use it to pay a bill or some other obligation or fulfill a need?.--Answer1:if you have to ask this question, then it explains why you are in debt in the first place..--Answer2:Debt, smebt. Use it to splurge on yourself..--Answer3:If you have debt or financial problems, you should use it to pay off an obligation. If you are managing your finances well, then buy all means indulge yourself or someone you love.