The Debt Escape Plan

If you’re in credit card debt, you’ve probably heard the standard advice: Give up your latte. Cut up all your credit cards. Don’t have any freakin’ fun. Okay, I exaggerated on that last one, but I’ll bet you get my point.

Sometimes, the lay-off-the-lattes or the cut-up-the-credit-cards advice works, but more often, it doesn’t. You know why? Because we’re all unique and the reasons we got into debt differs by person. This is why a one-size-fits-all approach to debt elimination can’t possibly work for everyone.

The Debt Escape Plan: How to Free Yourself from Credit Card Balances, Boost Your Credit Score, and Live Debt-Free helps you create a custom strategy for getting out of–and staying out of–credit card debt. I know this works because I’ve done it myself. I’m a former CPA, who ironically, racked up over $20,000 in credit card debt. I could calculate earnings-per-share for a multi-million dollar corporation, but I approached shopping as if it were an Olympic sport and I was going for the Gold.

When I finally made the decision to take back my life, I started reading everything I could get my hands on about personal finance. Every time I tried a “proven strategy,” I was only partially successful.

You know what worked? Creating my own custom debt-elimination plan.

In The Debt Escape Plan, I share everything I’ve learned about getting out of debt and living debt-free. In my book, you’ll learn:
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How to use the Money Personality Quiz to customize your own debt escape plan.

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How to overcome the hardships of medical bills.

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Seven secrets for giving your credit score a quick boost.

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The nine biggest debt mistakes and how to overcome them.

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How to debt-proof your future so this never happens to you again!

Ready to get out of debt?
In The Debt Escape Plan, I promised you a basic budget template so you can play around with the numbers. You don’t have to buy the book to have access to the templates, but I promise you, you’ll have a better understanding of how to use them if you read the book.

The Debt Escape Plan Worksheets – Why yes, they’re free!

All you have to do to get started is click on the links below to download the spreadsheets.

Debt Escape Plan Example

Here’s the worksheet filled out with sample numbers. I thought this might be helpful so you can see how it’s supposed to look.

Debt Escape Plan Worksheet

Here’s the blank Excel worksheet that you can use to fill out with your own budget. You can use this to play with the numbers and see where you can find your “debt escape” money.

Credit Card Balance Example

Here’s the worksheet filled out with sample numbers. I thought this might be helpful so you can see how it’s supposed to look.

Credit Card Balance Worksheet

This spreadsheet allows you to track all of your credit card debt and sort the cards by outstanding balance, interest rate, minimum payment, due date, credit limit, utilization ratio, current payment status, and credit limit status.

Debt Payoff Milestones

This spreadsheet allows you to track your progress as you pay off your credit card debt.

Gift Planning

This spreadsheet allows you to establish a budget for gifts and track your spending against that budget.

18 Comments

  1. Kirby Timmons

    hi. I’d like to try out the worksheets but I don’t have Office. Is there a version I could use with Wordpad?

    Reply
  2. Kirby Timmons

    Hi! I would like to try out the worksheets, but I don’t have “office”. Are there versions that I can use with Wordpad?

    Reply
  3. Lily Powers

    Up until recently I had been making a nice dent in credit card debt. Necessary home repairs and a single income knocked me off track and landed me squarely in “Rebuilder” mode. I am reading Confessions of a Credit Junkie and had a question on the score provided by Discover card… It is listed as the FICO® score trademark symbol and all, so wondering if theirs is legitimately a FICO, not a FAKO score?

    Reply
  4. michael womack

    sign up for newsletter pls.
    Many Thanks,
    Michael

    Reply
    • Beverly Harzog

      Hey Michael – Go to the top left of this page and you’ll see the sign-up box. Thanks for subscribing!

      Reply
  5. Jl

    So for inquires I hear that they stay on your credit for 2 years.. I just purchased a vehicle I was not aware that they was gonna pull 7 different times for different banks.. is there any way of disputing any of those that I wasn’t approved for??

    Reply
  6. Joan

    how can I print out the sample sheets to review later on

    Reply
  7. Joan

    how can I print out the samples

    Reply
  8. K. Nicole

    So I am paying off debts on my credit report and requesting they be removed. On of the creditors removed the debt already and it has not been paid. Can they re-add this debt to my credit if it goes unpaid?

    Reply
  9. Joann

    I just ordered the Debt Escape Plan from Amazon. I can’t wait to read it and start putting my plan into action.

    Reply
    • Joann

      Three credit cards paid off.

      Reply
    • Beverly Harzog

      Hi Sharon – Up above, click on “Debt Escape Plan Worksheet.” I’m changing the name right now to make it more clear!

      Reply
  10. Pat Shaw

    Hi, I couldn’t download any of your get out of debt plans.

    Looks interesting.

    Reply
    • Beverly Harzog

      Hi Pat – I just tested it and the download seems to work. When you click on one of the links, you should see a box that gives you a “Save As…” option. You can rename the file, if you like, and decide where you want the worksheet to “live” on your computer. Then you hit “Save” and that should do it.

      If you’re having problems with the process, send me an email using the “Contact” tab at the top of this page and I’ll walk you through it. I want you to be able to use the worksheets! 🙂

      Reply
    • Beverly Harzog

      Hi James – I hope it works for you, too. I focus a lot on finding your “debt escape number” and then I offer ways to help you stay motivated while you successfully take back your financial life. 🙂

      Reply

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