How to Get Back on Track with Your Debt Pay Off Plan

The thought of getting started can feel really overwhelming, and if you make a mistake, or have a bad money month, it can be difficult to get motivated to start again.

Pause your debt snowball (and reevaluate)

If you’re feeling like you need to course correct or your debt-payoff plan is just not going the way you want it to, the first thing I would suggest is to pause your debt snowball for a month (or two).

Pause your debt snowball (and reevaluate)

Pay your minimum payments on all your debt and your bills and everything, but pause your extra debt payments, and see where you need to allocate that extra income.

Do a no spend month

The second thing I would suggest doing, and what I’m planning on doing for January, is a no-spend month. Stop your miscellaneous spending.

Do a no spend month

Try a no spend month. That way you can see what you have left over in your budget and redirect those funds going forward.

Revisit your goals and your "why"

The third thing I would suggest doing if you’re feeling really bummed out, or like your debt-payoff plan is just not going the way you planned is to reassess your goals.

Revisit your goals and your "why"

A lot of people set resolutions, which are just kind of like hopes, wishes, dreams…that doesn’t usually work too well.

I hope these three quick little tips will help you to overcome some overwhelm, and overcome those little slumps that you might get in.