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My dad told me to pay off my smallest debt first, not the highest interest. Now I'm second guessing.
My dad said avalanche method is overrated and I'd stick with it longer if I knocked out a $300 medical bill before touching my $4,200 credit card at 22% interest. I followed his advice and it worked. I felt motivated and paid off two small ones within 4 months. But now the big card is still sitting there with the same high rate. Did I mess up or did that momentum actually help in the long run?
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mila_reed7d ago
and honestly, even though that high rate card is still there, you proved to yourself you can actually kill debts (which is huge for motivation). the momentum thing is real, like once you get a taste of winning it's easier to keep going than staring down a mountain of debt from day one.
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