I think it is purely psychological. It feels really good to pay off a debt, and ... | Hacker News

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		camdenreslink on June 12, 2022 \| parent \| context \| favorite \| on: Budget Culture and the Dave Ramseyfication of Mone... I think it is purely psychological. It feels really good to pay off a debt, and might help people stick to it.

hoosieree on June 12, 2022 | [–]

Exactly. Early "wins" make you more likely to stick with it.

The math doesn't work out if you give up before paying off that high-interest debt.

sremani on June 12, 2022 | [–]

Exactly, the feeling of paying off one debt completely have a momentum building/forward progress to it.

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