Bake your bacon.
I love bacon, but it's got to be just perfect for me to justify the grease. I recommend ditching the frying pan; bacon can burn really easily and it tends to curl up into little unappetizing shoelaces dripping with fat.
When cooked in the oven, bacon stays flat and cooks more evenly. Lay the bacon on a flat cookie sheet with parchment paper under it and just pop it in a 350 degree oven for 15-20 minutes. Your hands will be free to cook whatever else is on the menu, your shirt won't be spattered with fat, and your burner will be available for coffee or eggs.
Don't cut the bacon out of your diet, just make it better!