Debt Snowflake Challenge, Update #1

Welcome to the first Debt Snowflake Challenge!  First, I want to invite you to link up your post detailing your goals for this challenge.  You can include how much you want to pay off and how you plan to find the extra money to snowflake.  If you are stuck for ideas, check out this post I recently wrote, Debt Snowflaking – 25 Ways to Find Extra Money and Pay Down Debt.

Every Friday, the Debt Snowflake Challenge will be updated with a new way to find money to snowflake and my own family’s snowflaking progress.  I hope you will join me!  Working together, I think we can all lighten our debt load in 2012!

Our Progress

We were able to snowflake more than we planned, which is always a good feeling!

We recently moved out of our apartment that we had lived in for 11 years.  When we moved in, we paid a $1372.50 security deposit.  I did not expect to get any of that back, so after a fight, the landlords let me skip my last rent payment and instead use $1,000 of the security deposit.  I was satisfied with that, since that was more than I thought we would get back.  Still, we dutifully cleaned the apartment after we moved out, and we were shocked that the landlords gave us back the additional $372.50 of the deposit.

Returned security deposit: $372.50

I took on a new virtual assistant job recently, and since that is extra money that we don’t technically need to make our monthly budget, I decided that all money I make from that particular job will be snowflaked.

Virtual assistant job: $66

We did many different activities over the last week to find money to snowflake on our debt, and the result was that we were able to snowflake $438.50  since my last report a week ago.  In the last eleven weeks since we have gotten gazelle intense, we have “found” $4122.50 to snowflake!

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  2. Just commenting; not linking since I don’t really talk hard numbers on my blog. Snowflaking is little numbers, though, so that seems okay. (LOL — my mind does these elaborate gymnastics of rationalization!)

    33.00 — returned membership fee from professional org (school paid for one year)
    31.40 — sold a damaged textbook on Amazon

    $64.40 into grad school fund

    417.00 — quarterly bonus in paycheck

    $417.00 into short-term investments at Betterment, to pay taxes in April