Author

Mr. SR @ Semi-Retire Plan

Mr. SR writes about personal finance, behavioral economics, and early retirement. He has a bachelor of science degree in business marketing and will complete his master of science in business marketing in 2020. Mr. SR has been featured by The Money Mix and Your Money Geek and maintains his own blog, Semi Retire Plan.

Using the Debt Snowball Method to Turn Your Financial Life Around

Using the Debt Snowball Method

 

The Power Within

This next post was written by my colleague Mr. SR, who blogs at semiretireplan.com. He shares his financial knowledge and experience on debt payoff strategies, and how each one can work for you.

What I found particularly interesting about this article were the emotional and psychological effects of both having debt, and paying it off. Because while the base concept is purely mathematical, the accompanying factors have such a personal and emotional impact.

Which I guess is why so many people say “personal finance is personal”. But if you’re not familiar with the “debt snowball” or its alternatives, read more below. There are some fascinating nuggets of information that tie back to science, which you won’t want to miss!

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