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Home > Ok, so call me stupid but..CAN SOMEONE TELL ME WHAT A SNOWFLAKE IS?
 

Ok, so call me stupid but..CAN SOMEONE TELL ME WHAT A SNOWFLAKE IS?

April 3rd, 2014 at 07:39 am

I have seen it used so often since I returned to SA and I am finding it hard to identify what it truly means. I am probably pretty dumb to not know this but hey, there is always the ignorant one in the family right?!?!

5 Responses to “Ok, so call me stupid but..CAN SOMEONE TELL ME WHAT A SNOWFLAKE IS?”

  1. wife of the deacon Says:


    My understanding: small dribbs of money that fall into our lives, which aren't from regular sources, that can be used to "snowball" debt payments or another designated purpose. Smile

  2. doingitallwrong Says:

    Don't feel dumb, I had to look it up, too! Smile

    http://www.savingadvice.com/forums/general-discussion/71339-what-snowflake.html

    Basically a snowflake is any money that isn't part of your regular income. Many snowflakes become a snowball that you can use to pay off your debt [increase your savings, investments, whatever your financial goal is].


    People define it differently depending on their situation. These are some of the things I've seen called snowflakes: Loose change, coins you find on the ground, credit card rebates, gift cards (when they're used), coupon savings, grocery store 'shopper card' savings, money from side jobs (paid surveys, Swagbucks, etc.), money from selling stuff, etc.

    Lots of other suggestions for finding snowflakes here:
    http://www.savingadvice.com/articles/2012/01/11/108655_debt-snowflake-snowflaking-your-debt-away.html

  3. CB in the City Says:

    Good definition, Laura!

    You, too, Doingitallwrong!

  4. MonkeyMama Says:

    HA! We speak our own language here. Big Grin
    My take is that the debt snowball are regular debt payments that turn around and get snowballed onto the next debt. So, the snowflakes are just more random and irregular money to throw at debt.

    Though I decided to throw them at an investment account, so maybe "snowflake" isn't the appropriate term. But whatever, it is what I Am used to calling small extra sums of money.

  5. creditcardfree Says:

    Sorry it isn't always clear what a snowflake is...I should try to do better when I post so that others aren't lost. The coins you find and are saving towards your mortgage principal are in my book snowflakes!

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