His debt, student loan debt, is "good debt" (fixed low interest rate subsidized by the government) Her debt, credit card debt, is "bad debt" (variable high interest rate from a private entity) If he actually cared he'd be paying off her debt and leaving his debt alone
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I get in fights over the difference between Ramsey's "snowball" method of paying off debt (start with the smallest debt, prioritize reducing your number of creditors) vs the "avalanche" method (start with the highest interest rate debt, prioritize reducing total interest paid)
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People say the former is better even though you objectively pay more money for psychological reasons As though the whole point of financial advice isn't to pay less money
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I feel like it's really because of the unspoken moral/religious POV - being in debt to people is hurting them, and paying off individual debts is hurting fewer people And I think that POV is total bullshit (it's all just banks and collection agencies and they can suck it)
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