Re:Why Don't People Manage Debt Better?
by jimbokun on Friday February 19, 2016 @10:11AM
(#11133845)
Yes, in his course he explicitly explains this strategy is in deference to human psychology. Even if paying towards highest interest debts is mathematically optimal, better to have a strategy you are likely to stick with, than a theoretically better strategy you are more likely to eventually abandon.
[ Parent
| on HN ]
I've found this train of thought has applications in maintaining an exercise routine as well. It was more about finding a routine that I'd actually stick to than one that was optimal for fastest/best gains, which was my original (failed) strategy.