Question about weekly snowflaking

iVillage Member
Registered: 04-12-2007
Question about weekly snowflaking
6
Tue, 05-20-2008 - 9:10pm

I have been snowflaking each month on each CC as the payment has been due.

iVillage Member
Registered: 12-04-2006
Wed, 05-21-2008 - 2:30am

Personally, I would give them a call to see what the situation is.

If you are paying by check then you have to post it and that costs money - wouldn't you rather be able to snow flake that money rather than spending it if there are no limits by the card company.

Lyn

iVillage Member
Registered: 01-23-2007
Wed, 05-21-2008 - 7:08am

Robyn:


You'd find out mighty quick if you go to enter a payment and get a message that you have to wait until xxx. Mostly what I've seen is that I can't pay twice in one day (as if I could!). I think it's a great idea to pay every week on your target card.


Dee


iVillage Member
Registered: 06-01-2007
Wed, 05-21-2008 - 9:54am

I'd call and ask first.

Avatar for cl_phocid
iVillage Member
Registered: 03-26-2003
Wed, 05-21-2008 - 10:02am

Hi Robyn - I think calling them is worth it, that way you'll know for sure.

All my best,
Danni

iVillage Member
Registered: 11-17-2007
Wed, 05-21-2008 - 10:34am

Hello Ladies


I bet you never even missed me. My harddrive blew up a week ago.. That was around 150.00 or so.


Anyway back to the snowflaking. Here is what I do. We get paid once a month. I do the normal amount of monthly payments through Bill Pay at the bank. Then I take out 4 weeks living money on my Quicken. What is left is my snowflake money that I leave until the 29 th of the month because I got this new checking account that makes interest.


But every week I really try to have at least a few dollars out of my living money left. That I snowflake through my bill pay. I have never had a minutes trouble and there have been months that I have had at least 6 payments on a monthly statement. Not big payments sometimes. Just 5 or so dollars.


But they are all there just cutting down those old balances.


I was doing really good there for a while I cut in 4 months my monthly payments from around 375.00 all the way down to 317.00 But those were the

iVillage Member
Registered: 04-12-2007
Wed, 05-21-2008 - 1:54pm

Thank you, Danni, that is an outstanding idea!