The Debt Escape Plan

6Create Your Debt Escape Plan

Now that you have your budget all set and you know how much money you can throw at your debt, it’s time to decide how to proceed. This is where your money personality and your learning style come in to play.

Before we hop into the nuts and bolts of your debt escape, I want to give you a friendly reminder. No, I’m not going to tell you (for the third time) that you can’t use credit cards while you’re getting out of debt. I just want to remind you that the success of your plan hinges on one little practice: Make mindful spending a habit.

You may have heard of the concept of mindful spending. If not, don’t worry. I’m not going to get all Zen on you. When I talk about mindful spending, it simply means that when you spend ...