StudiogicPaying every debt equally is the most expensive strategy available. The math on that is not close.
Minimum payments are a subscription to your own debt. The balance does not move. The APR does not care.
Student loan minimum payments are not progress. They are a monthly fee for debt that barely shrinks.
I built a system that calculates your actual debt payoff date the moment you enter your balances. Most people have never seen that number.
Mini ThoughtsDebt isn't a straight line. 📉
March was a gutpunch for the Snowball Experiment. With first of the year medical bills and the avalanche plan took a hit.
Check out the full transparency report on how I handled the wreck: https://mini-thoughts.com/the-march-debt-battle-how-surprising-bills-wrecked-the-avalanche/
A balance transfer at zero percent APR does not reduce debt. It relocates it. The balance is identical. The urgency is what changes.
I built a spreadsheet that calculates your debt payoff date the moment you enter your balances and minimum payments. Visibility changes behavior.
Debt sequencing is not a philosophy. Highest APR first costs the least in total interest paid. That is arithmetic, not a hot take.
You know your FICO score to the exact point. You cannot name your total debt balance. That is not awareness. That is a number a lender taught you to care about.
Credit scores measure how well you manage debt, not how well you manage money. Those are not the same thing.