Ben and Ernie tackle the topic of paying off debt, with a different bent than the typical personal finance podcast or blog. Where many sources focus on paying debt off at all costs, using extreme measures or simply throwing every dollar at debt, Ben and Ernie prefer a paydown approach which focuses on your priorities. What is most important in your life? Find a way to continue doing those things, while cutting back on nonessential aspects of your life to free up money for debt pay down.

Often this means deliberately paying off your debt slower than you could with a more extreme approach. And that's OK! Paying off large amounts of debt in a short time makes for great stories, but most of the time it leads to burnout and accumulating more debt. Throwing every dollar at debt can also leave you financially vulnerable, as you have no cash cushion available to handle unexpected expenses.

To that end, Ben and Ernie share their own stories about paying off debt, what they were willing to give up to pay it off faster, and what they were NOT willing to give up. Their stories demonstrate that life can still go on, even when you're paying off debt!

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Timestamps:
0:00 Intro
0:42 Typical advice about paying off debt
5:30 Focus on sustainability instead
6:52 Ernie's debt plan
9:44 Money comes and goes, time just goes
12:39 YNAB's unique approach to debt
21:34 Ben's debt plan
30:10 Regrets
33:49 It's all about priorities
36:48 YNAB Wins

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