humblebuck

Man I wish I knew what tat stood for...

I agree, if you buy in bulk you save. And I agree typically, people associate return/ROI lingo with investment. However, I think it's useful to think this way to compare ways to utilize your excess money. I find it helps people think about where they can do this in their lives outside of the normal Costco run.

Ouch, trying to simplify and help, but I can see how it could come off wrong. Thanks for the note.

Great point! Thanks for taking the time to send the note!

Thanks for the feedback, when I originally wrote this I actually detailed the stack method (same as avalanche). From my perspective it doesn't matter if you pay off a $100 credit card, but have $14,900 left in debt. You haven't really improved your situation.

But after reading the results of the Harvard study I had to change the whole step. It turns out the psychological impact of seeing the size of the reduction on your smallest debt balance had staying power and kept people paying down debt.

So I agree it's the most logical to pay the stack/avalanche method, but unfortunately we're all just a bunch of moist robots who don't always follow logic.

Really appreciate the concern though, I was on your side before I ran into the study!

Good for you on taking the action to get rid of debt and I agree the snowball method doesn't work for everyone, it just works for a higher percentage of people.

The goal was to simplify personal finance so it was easy instead of just jumping into unending blog posts and forums, but I can see your point. thanks for the feedback!