Reader Email: The Power of Using the Snowflake Method to Pay Off Debt

by Julie on December 30, 2011 · 12 comments

Stacie is making inspiring progress in snowflaking her way out of debt.

It’s nearly the New Year. Will your resolutions include paying off debt?

If so, prepared to be inspired by this email from a reader named Stacie. Stacie is using the found money method to snowflake her way out of debt.

Here’s what she wrote:

I made a simple spreadsheet & couldn’t believe it when my total today came to just under $1000 snowflaked!!! I stole your idea of throwing every $5 rebate, $20 cash back, $25 incentive for opening a PerkStreet account, etc at my debt. I used to put them in my checking account & they’d float off into space or something. I never used to think of sending $5 to my debt as a good use of that $5. However, now that I’m using a spreadsheet & really getting creative about ways to bring an extra $20 into my life, I’m really attacking that debt!!

You can’t imagine how happy finding this email in my inbox made me. Congratulations, Stacie! And thanks for showing us how small amounts of money can do big things.

Do you make New Year’s Resolutions? Will they include paying off debt?

This post is part of Frugal Fridays at Life As Mom.

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{ 8 comments… read them below or add one }

Melissa@PersonalFinanceJourney December 30, 2011 at 3:42 pm

Snowflaking is a powerful tool that can shave years off your repayment time. Thanks for sharing an inspiring story.

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Julie December 30, 2011 at 5:12 pm

I agree, Melissa. It is powerful and Stacie’s story is inspiring.

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youngandthrifty December 31, 2011 at 11:03 am

What a great way to attack your debt. The spreadsheet is wonderful! These little things can make a big difference.

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Julie January 1, 2012 at 1:40 pm

YandT, I’ve never met a spreadsheet I didn’t like. :)

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Financial God January 2, 2012 at 11:11 am

This is the first I hear of the snowflake method! Interesting. These little bits do add up to a lot!

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Julie January 2, 2012 at 11:43 am

LOL..I’m surprised a Financial God hasn’t heard of this method. :)

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Christa January 4, 2012 at 11:36 am

This sounds like a powerful tool. Those rebate checks are so easy to just spend if you don’t make a goal ahead of time!

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Arlinda vein January 27, 2012 at 9:27 am

Nice post I’ve bookmarked it on Digg under “Reader Email: The Power of Using the Snowflake Method to Pay Off Debt”. So hopefully our friends can give you a visit. Thanks.

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