We have a hard time focusing in on one thing. We’re both somewhat impatient when it comes to stuff and we often find ourselves changing up on a wim. This is definitely something that we both need to work on.
When you are eliminating your debt, you can’t multitask. You should focus in on one thing.
In web development we do the same thing. You focus in on one thing, making it great, and then move on to something else. This theory can be applied to eliminating your debt as well. Focus in on one part of your debt, pay it off as quickly as possible and then move on to the next.
This is basically the same as the snowball of debt elimination, but more granular in nature. The snowball of debt elimination is a method for paying off your debt. The difference with focusing on one thing at a time is that when you are in debt, your entire focus should be on eliminating your debt. this should encompass every aspect of your financial lives and all financial decisions should include thinking about the debt that you are currently paying off.