Snowflake question?

iVillage Member
Registered: 08-19-2003
Snowflake question?
4
Fri, 07-01-2005 - 10:42am

OK I hope this makes sense. How do we figure what is the snowflake amount? For instance in june my minimum payments was $339 and I just subtracted that from my total debt payments to come up with my snowflake. Well in July my minimum payments will be a little less, do we count anything over this new minimum payment amount as a snowflake? Or do we always stick with the original minimum balance figure?

Anyone understand?
Shannon

Shannon


Pregnancy%20ticker
iVillage Member
Registered: 06-04-2004
Fri, 07-01-2005 - 10:46am

makes perfect sense. I count mine as anything over my required monthly payment. So if one month the minimum is $25 and I pay $100, I have a $75 snowflake. If the next month the minimum is down to $22 and I pay $100, I have a $78 snowflake that month. Does that make sense? Hope so! Have a great holiday weekend!

~leanne

~leanne

deciding to be happy doesn't mean that everything is perfect, but that you had decided to look beyond the imp

Avatar for cl_phocid
iVillage Member
Registered: 03-26-2003
Fri, 07-01-2005 - 10:55am
I do the same thing leanne!

All my best,
Danni

iVillage Member
Registered: 06-04-2004
Fri, 07-01-2005 - 11:09am

I figure it is a good incentive and a bonus for all the progress we are making on debt reduction. Feels good to be able to know that each month I am paying more and more over the minimums! :)

~leanne

~leanne

deciding to be happy doesn't mean that everything is perfect, but that you had decided to look beyond the imp

Avatar for mymartes
iVillage Member
Registered: 03-26-2003
Fri, 07-01-2005 - 9:14pm

i do the same as Danni and Leanne

MYM