By now most of us have heard of or are praticing the Snowball method championed by Dave Ramsey.
The snowflake method, while keeping the same wintry reference, allows you to better your financial position as well as teaches you to always be aware of other sources of revenue outside you weekly paycheck.
Sell an item on ebay or craigslist? Expecting an income tax return? Take any extra money you manage to earn and immediately apply it to the debt at the top of your list. I can see the benefits of this method, although I currently apply outside income to my debt snowball, any time you put a plan to work to get yourself out of debt, it is a good thing!
Anyone already using this to get out of debt? Post a comment below with examples of what you have sold and how you applied the money, we would love to hear from you!
The snowflake method, while keeping the same wintry reference, allows you to better your financial position as well as teaches you to always be aware of other sources of revenue outside you weekly paycheck.
Sell an item on ebay or craigslist? Expecting an income tax return? Take any extra money you manage to earn and immediately apply it to the debt at the top of your list. I can see the benefits of this method, although I currently apply outside income to my debt snowball, any time you put a plan to work to get yourself out of debt, it is a good thing!
Anyone already using this to get out of debt? Post a comment below with examples of what you have sold and how you applied the money, we would love to hear from you!
