Zuper Blog

Don't sweat by getting out of your debt

Don't sweat by getting out of your debt

Being in debt puts constant pressure on you. Therefore, you can feel anxious, frustrated and lost. Let me tell you one thing – it can be tough, but have you ever heard a person saying “I regret paying off my debt”? Me neither.


As with all goals in life, if you want to get out of debt, you have to be motivated to do so. You shouldn’t feel depressed and constantly struggling – you have to be happy trying to reach your goal one step at a time.

Imagine something you have been wishing to do for ages. You might have thought it’s not possible to achieve with your financial situation. This is exactly what you can get if you manage to work out your debts successfully. Use this desire as an incentive and daily motivation. Let’s do this!

Reality Check

The biggest frustration comes from not knowing what your situation actually is. The easiest way to do that is by sitting down and clearly evaluating your finances: calculate how much you owe from your debts, then write down how much is going in and going out each month.

In other words, create your budget. Sure, you know your income and expenses, but seeing it black on white will give you a better perspective on your financial situation.

You can use an Excel worksheet for this task, or have a look at budgeting apps like Zuper – they are easy to use and allow you to reach your financial goals faster. What is more, you can manage all your income and expenses in one place, which allows you to see the whole picture more clearly.

Create a strategy

Once you got an idea about what exactly you are dealing with, the next logical step is to create a plan on how you are going to achieve it.

There are several strategies that could be applied in this situation: you can divide all your debt into monthly payments and pay it off, or you can choose which debt you will pay off first and put all your effort into getting rid of it.

Whatever strategy you decide to choose, it is important not to get into any more debt, so no credit cards!

Cut the unnecessary costs

Increasing your income might be a tough task to achieve, whereas cutting some of your expenses is relatively easy! By learning how much you spend on some things in your Excel sheet or financial management app, like Zuper, you will clearly see where you can improve.

You can definitely save some money for paying off your debt by cutting the unnecessary costs for takeaway coffee or food by making your own coffee and lunch at home.

To sum up, paying off debt can be stressful. But if you keep stressing about it, all you do is concentrate your thoughts on the negatives, instead of starting to do what’s necessary to pay off your debt finally. There is always something you can do, even if the situation seems impossible.

Trust me, once you do it, it will be worth it.

Leitha Matz
FinTech COO. Startup Mentor. Woman in Tech. I spend a lot of time thinking about technology products and user experience, and I love stupid puns.
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