Reward yourself along the way
A good debt reduction plan will have some fun built into it. Just like a workable diet that lets you order the nachos with extra cheese once in a while, a good debt reduction plan is going to let you blow off some steam to keep you sane. Don’t start packing your bag for Tahiti just yet, though.
An important part of sticking to your debt plan is going to be finding alternative ways of enjoying life without having to spend the big bucks. Start by treating yourself every time you eliminate a piece of debt. When you get the car paid off, go buy a new outfit.
When that credit card balance hits zero, go out to a nice dinner. When you finally get your house paid off, take a vacation. Reward yourself for your hard work—just make sure the reward is relative to the accomplishment! You don’t get a new Lexus for paying off the $400 balance on your Macy’s credit card.