Just thought I would make a quick post for all those people who, like me, kinda found the snowball method of paying down debt to be... frankly, below you. I know that sounds bad, but hear me out for a minute.
When I started reading here and getting my financial house in order, I knew I'd go with the avalanche method. It makes the most logical sense, right? You save more money on interest, so it's the "smartest" choice, and I don't need that false sense of accomplishment that those other people need, anyway. It appealed to me in a clear cut, logical way, and I rejected the psychological benefits of the snowball method as something only weak people needed (yes, I am aware what a judgmental jerk I was and have since checked myself before I wrecked myself).
After a couple months of the avalanche method I felt... deflated. I wasn't seeing any progress, I was getting discouraged, and my discipline was waning.
In short, I was arrogant. I thought I was above needing that psychological boost. Moreover, I was afraid to consider I might need it because I perceived it as being weak. And if I'm really honest, that hard-headed stubbornness and straight up denial is part of the reason I ended up with the debt in the first place.
After switching to the snowball method I am much happier and feel more accomplished. It's not bullshit, like I thought. I'm making real progress and have managed to keep my discipline and motivation levels much steadier than I was before. It works, and I am one of those people who needs the psychological boost. It doesn't make me or anyone else weak-- it makes us human.
Anyway, I know there are might be people reading this who might be weighing their options and may identify with some of my thought processes in my journey to figuring my shit out. So to those people I will say: don't let arrogance and fear get in your way like it almost did for me. Don't automatically discount the snowball method. It's recommended for good reason!
Submitted February 05, 2018 at 11:27AM by drunkonmartinis http://ift.tt/2s8QtOl
