This strategy tends to have
a quicker emotional payoff because you can pay off that first debt quickly which keeps you motivated to pay off the next debt.
Not exact matches
Research shows that people who take
quick breaks during their workday to watch funny videos online get a high
emotional payoff and report feeling more energetic and happy with fewer negative emotions.
But I'd say the higher priority should be getting money into a tax - advantaged retirement account (a 401 (k) / 403 (b) / IRA), because the tax - advantaged growth of those accounts makes their long - term return far greater than whatever you're paying on your mortgage, and they provide more benefit (tax - advantaged growth) the earlier you invest in them, so doing that now instead of paying off the house
quicker is probably going to be better for you financially, even if it doesn't provide the
emotional payoff.