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.

The Complete Guide on Emergency Funds and Cash Reserves

Emergency Fund

Emergency Funds and Cash Reserves

One of the few personal finance concepts that garners near-universal praise is the emergency fund.

For many topics in personal finance, there are seemingly as many critics as there are advocates. “The stock market is too risky”. “You can’t retire early because you need health insurance”. “You shouldn’t travel because it’s wastefully expensive”.

I don’t agree with any of these perspectives. But you very often hear people offer them as feedback.

Thankfully, few people dismiss the concept of emergency funds since they should be an essential component of everyone’s personal finances.

What is an Emergency Fund?

An emergency fund, also called a “rainy day fund” or “cash reserves,” is money you have access to in case of an unplanned sudden need.

Typically, these funds are in the form of cash or cash equivalents. We’ll jump into account and investment options later.

Continue Reading…

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 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!

Continue Reading…
%d bloggers like this: