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Kaye's approach to debt repayment is both innovative and disciplined. Understanding the psychological impact of viewing his debt as an insurmountable number, he chose to break his loans down into manageable parts. Using a structured budgeting approach, he created distinct categories for his individual loans in YNAB. This technique allowed him to celebrate small victories as he tackled each loan one at a time.
Despite the option to employ the Dave Ramsey debt snowball method—which focuses on paying off smaller loans first for psychological motivation—Kaye leaned towards the avalanche method. This strategy emphasizes paying off those with higher interest rates first, allowing for greater long-term financial efficiency.