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I think it is purely psychological. It feels really good to pay off a debt, and might help people stick to it.

• sremani 4y ago
  Exactly, the feeling of paying off one debt completely have a momentum building/forward progress to it.
• hoosieree 4y ago
  Exactly. Early "wins" make you more likely to stick with it. The math doesn't work out if you give up before paying off that high-interest debt.