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!