Small Loan Psychology: Why Devs Misjudge Borrowing Costs

Imagine launching a side project, needing just a few thousand dollars to bridge a gap, and thinking, "It's a small loan, how bad can it be?" A small loan, typically under $10,000 and often short-term, seems straightforward. Yet, for developers and indie hackers, the decision to borrow is frequently clouded by specific cognitive biases, leading to misjudgments that extend far beyond published interest rates. The Illusion of Insignificance: How Mental Accounting Distorts Small Loan Perceptions Man