get our of debt

HOW TO KICK YOUR DEBT

TO THE CURB
@SUZYSYPERT

First of all, I am so proud of you for opening
this resource and deciding that you want to
get serious about debt.
My husband and I used all of these tools and
tips to pay off tens of thousands of dollars of
debt while not making much money.
Whether you had a plan or not, you
sometimes find yourself saddled with
unwanted debt. The average family has an
average of $94,000 dollars of debt (not
including their mortgage, figures from 2020)!
It can feel like an impossible task to get out
of that much debt, but there is a way. We’ve
paid off around $70,000, and you can too.
Here are some tips on kicking it to the curb.
I hope you start implementing these tips and
strategies today!

WWW.SUZYSYPERT.COM | © 2021 SUZY SYPERT. ALL RIGHTS RESERVED.

 WHAT DOES + DOES NOT WORK
WHEN PAYING OFF DEBT

Being “hands off” or “winging it.” You need a plan.

Paying the minimums on your This approach is meant to

credit cards/loans. keep you in debt longer.

Just checking your balances This can feel like action, but it’s a
daily or weekly reaction, not a plan.

Having unrealistic expectations. This will take time and effort.

Budgeting based on gross income. You have expenses/taxes.

Owning too many credit cards. Narrow it down to one or two.

Having too many financial goals. Focus on one task at a time.

Making a complicated or The more work to keep up with it,

time-consuming budget. the less likely you will use it.

WWW.SUZYSYPERT.COM | © 2021 SUZY SYPERT. ALL RIGHTS RESERVED.

 7 DEBT PAYOFF STRATEGIES
#1. You must prepare yourself mentally. This
will be temporary. The quicker you jump on board
and get down to business, the quicker you can
loosen the belt and live more freely without that
debt hanging over you.
#2. You need to create a budget. If you do not
already have a budget or if you struggle to keep up
with it, create a free account with Mint.com. Mint
will make it feel like you have a budgeting
assistant. It takes a little bit of work on the front
end, but after that, Mint loads all of your
transactions and categorizes them for you. You can
also budget in goals for paying off debt. It is my
absolute favorite tool for budgeting the easiest way
possible.
#3. Prioritize. Narrow down your financial goals
to pay off this debt. That new car and nicer
apartment can wait. If you’re over 35, you can start
a retirement fund with $50 a month, but you need
to assess your finances to make sure this is
sustainable. Pick the smallest balance on the card
with the highest interest and put all extra payments
towards that card until it is paid off and then close
that account.
Don’t fall for the “you save 5% on all purchases
with this card” line, because you’re losing way
more in interest charges than what you’re saving.
Keep 1 or 2 cards with great rewards and get rid of
the rest.
WWW.SUZYSYPERT.COM | © 2021 SUZY SYPERT. ALL RIGHTS RESERVED.
#4. Cut out all the extra spending from your
budget. Grabbing takeout for lunch? Alcohol from
the grocery store? That cute outfit you want?
Whatever you do not need, cut it out. It adds up
fast!
Look at every transaction and ask yourself if it is
absolutely necessary. Just because you’ve always
spent $40 on coffee a month, doesn’t mean you
have to keep doing that.
Cut down your spending in every elective category
possible.
Leave a few min early and avoid the tollway.
Have a PBJ sandwich one night a week for dinner.
Googling “cheap recipes” brings a wealth of ideas
on cutting that food budget down.
Want to watch a movie? Go to the dollar theatre or
watch something free that’s streaming.
Buy gently used clothes and items.
Avoid eating out, especially if you lack self-
control. We have all told ourselves that we would
not get the fries, drink, dessert, or steak, only to
find ourselves with the bill at the end of it, again
and again.
Think of this as spending declutter. You are buried
under a mountain of expenses that are “really not
that big of a deal.” Think of it as sand. The pieces
look small but pile it up on top of you and you
won’t be able to move or breathe.
 7 DEBT PAYOFF STRATEGIES
#5. Use a visual aid to keep you motivated! Pick
the smallest debt with the highest interest charges
and write your debt in $100 increments from zero
to the full amount on a post-it note. For example,
the first note would be $0, the next would say
$100, $200, $300, and so on. Stick this up in a
visible place, and when you pay $100 of it down,
take off a sticky note and celebrate. This helps you
visualize your progress and motivates your brain as
you get closer to your goal.
#6. Be conscious of friends and situations that
lead you to spend money. If someone wants to
hang out and go shopping, offer another option that
doesn’t cost you. Board games, hiking, walking
around the city, or doing art. Pinterest and Google
are chock-full of ideas. Trying to “keep up” with
your friends is the biggest lie. The only thing you
are keeping up with is their debt.
Ultimately, it is up to you and how well you
implement these principles that will determine
how quickly you can pay your debt off. No one
else can do the work for you.
These principles are tried and true, but if you want
to speed up the process, you can partner with me
and I can teach you how to create extra income
while keeping family and rest as priorities.
There is training and support and a group of
women that will cheer you on the whole way
through. Send me a DM me on Instagram
@suzysypert to find out if social selling is a good
fit for you.
I am here to serve you either way.

#7. Allow a small amount of money once a

month for fun. You would be amazed at what you
can do with $10 or $20 and the wealth of ideas on
Google. There are also a lot of fun free options for
date nights and other hangouts with friends. You
do not have to give up living. You just have to find
a more sustainable and healthy way to live, so that
you can enjoy a more stress-free life sooner than
later.

WWW.SUZYSYPERT.COM | © 2021 SUZY SYPERT. ALL RIGHTS RESERVED.