You’ve heard Dave Ramsey talk about “snowballing” debt. Well, what if there isn’t enough snow to make a snowball?!?

Try snowflaking!

From the author - I’ve Paid for This Twice Already

I have a set amount I pay to debt without fail every month that is above my minimum payment due (about $800). On top of that, I also try to collect up little bits of money wherever I can and I apply those as well to my top priority debt as immediately as possible. I take surveys online, I sell possessions on craigslist and ebay, I have yard sales, and any money I get from these endeavors goes directly to my debt. I also keep a very strict accounting of all the money that comes in every month and what I spend and everything left over at the end of the month not earmarked for future expenses also goes directly to debt. These are my snowflakes. I have averaged over $200 extra going to pay down my credit card debt every month due to these snowflaking efforts.

http://www.paidtwice.com/2007/10/12/snowflaking-a-primer/

Dan