Snowflaking defined
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Snowflaking defined
| Mon, 01-11-2010 - 1:30pm |
We talk a lot about snowflaking on the board and every Friday everyone posts their updates on how they did for the week.
| Mon, 01-11-2010 - 1:30pm |
We talk a lot about snowflaking on the board and every Friday everyone posts their updates on how they did for the week.
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amount over the minimum payment.
Littlesbigs
ditto what LB said. :)
My flakes are anything paid above the minimum due (or regular payment). I don't have any credit cards, so to use the example of one of our loans:
payment $216
I pay $250
$34 snowflake
The only time I deal with the principal is when I look at my statement to write it down on my spreadsheet to get a debt total. Otherwise, I don't see flakes and principal as being related (other than, as PP said, my flakes all go directly to reduce that principal balance).
FLINGING DEBT:
~Jackie, BookCrossing Member
~Jackie, BookCrossing Member & Warming Families Volunteer
<>>amount over the minimum payment.<<
Yes, this.
http://www.TickerFactory.com/savings/
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