Snowflaking: A primer

re: Snowflaking: A primer

mysticaltyger — Tue, 28 Jul 2009 20:17:19 GMT

I started doing this with my credit card debt. It's still at 0% but that offer is expiriing soon and I won't have it all paid off in time. So, every little bit I save or extra money I come into goes toward the debt and I make the payment right away. I have been doing this all along but didn't know there was a name for it!

re: Snowflaking: A primer

Wed, 13 May 2009 14:34:31 GMT

There is a program that is available to show you the advantages to this debit reduction method ... Power Pay from the Utah State University Cooperative Extension. It is an online program now, but if you can find an older copy it is available for your home computer ...

re: Snowflaking: A primer

karen — Mon, 15 Dec 2008 19:30:01 GMT

This is a cute concept and way to get the debt reduced faster. I sell on Craigslist and ebay too. I have paid off all of the credit cards and one of our cars- a minivan with only 37,000 miles on it. I only pay the extra every month. I'll have to give this a try.