Why Don't People Manage Debt Better? - Deepstash
How we intuitively manage debt

Many people do not effectively manage their debt but juggle multiple debts with different terms and interest rates.

The most effective way to pay off debt is to focus on th...

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Why Don't People Manage Debt Better?

blogs.scientificamerican.com

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  • The Prospect Theory suggests individuals are more sensitive to a loss than a gain of an equal amount. The urge to get in the black is so strong that people are motivated to ...

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  • We can set up automatic payments to the debt with the highest interest without regarding how much is owed on it.
  • We can consolidate multip...

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