News for hackers. Stuff that matters.
Re:Why Don't People Manage Debt Better? by stevesearer on Friday February 19, 2016 @10:18AM (#11133892)
We had a few small debts (2 student loans, credit card, car payment) and when a friend explained the debt snowball concept it was definitely the key factor in us paying off our debts faster. For me it felt like I was back in control because I actully had a plan that made sense and seemed actually doable.
Re:Why Don't People Manage Debt Better? by JustSomeNobody on Friday February 19, 2016 @10:48AM (#11134129)
And I think this is the key. Debt is a weight on people and it wears them down. You need to build that person back up even if that means not taking the absolute most efficient means to pay off the total debt.