StudiogicI 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. π
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.
A FICO score above 750 gets you approved. It does not get you out of debt. Approval and stability are not the same outcome.
Paying all your debts equally is the most expensive repayment strategy available to you.
selfhosting.couchsurfingTim is the webmaster of MyNomadDirectory dot com and is a digital nomad living the full-time #vanlife since 2019 in a 24-foot school bus after a 3-week conversion:
