Snowflaking has surfaced as a new popular term related
to debt
reduction. I would like to take some time to explain what this
means, and how you can add “snowflakes” using the Debt
Reduction Calculator.
Snowflaking is basically just a new term for an old
concept: Making frequent, small, one-time extra payments towards your debt.
The light microscope has played an important role in allowing
scientists to see very small things by magnifying them large enough for the
human eye to distinguish fine characteristics. Microscopes magnify the item of
interest by shining light up through the item itself and up to the first
magnifying lens called the objective lens. The light then travels up through
the body of the microscope and out through the second magnifying lens, the
eyepiece, up to your eye. Thus the magnification of the object is based on the
magnification of both the eyepiece and objective lenses.
These
debt “snowflakes” are normally little things like paying an extra $6 towards
your debt instead of eating out for lunch one day. Basically, all the little
things that you would normally do to SAVE a little at a time can be applied to
paying your DEBT a little at a time. For the extremely motivated, it may even
be using your birthday money, although that might be a little sad.
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