Just paid off bank loan!!!
Find a Conversation
Just paid off bank loan!!!
| Fri, 08-20-2004 - 1:54pm |
Finally!! They usually take it out of my checking account- but since the balance was so low ($171)and interest is 9%- I just went in there and paid that sucker off early! I've been piling all my snowflake money on it for months. Now we have $224.75 extra each month! Can't even remember what junk that bank loan was for!!! Now onto snowflaking my last credit card ($5400, yuck!) .......
Nicki
Nicki

you are one step closer to becoming debt free.
mym
Good for you!
Lisa
cindylee
Becky
CL of 4th, 5th & 6th grade Scoliosis
In layman terms, can you explain the snowflake thing?
Thanks!
Nancy
Once paid off- I sent that $150 to my bank loan each month plus the $224.75 that they already took out for the loan. Now that my bank loan is paid off- I will apply the $150 plus $224.75 to my last credit card in addition to the $120 I already send them. So that's a total of $494.75! You must be careful not to let that extra money get "absorbed" into your spending habits. I always start with the lowest balance bills first- it's a better motivater for me.
"Snowflaking" is also sending any extra money you come into right to your credit card(or whatever you're trying to pay off)!! Birthday money, overtime, bonuses, income tax, tips, gas bill was lower than you budgeted- send that money in and in no time your balance will diminish!! Hope that clears it up! Nicki