Debt Snowflake Challenge #8 – Take Advantage of “Free” Money

Welcome to week eight of the Debt Snowflake Challenge.

Late last year, I didn’t have any money to snowflake on my debt.  However, I have made it my rule to snowflake at least some money on my debt every week.  Enter Swagbucks.  For those of you who do not know, Swagbucks is a search engine much like Yahoo! or Google, but you sometimes earn points for your searches.  There are a variety of items for which you can use your accrued Swagbucks.  I have belonged to Swagbucks for two years, but I hadn’t cashed in my Swagbucks.  I took the 10,000 points I had and cashed them in for a $100 PayPal deposit.  Three weeks later that money was in my account and went straight to my debt.  Best of all, I earned the money simply through searching the Internet as I normally would.

Likewise, some banks offer sign up bonuses ranging from $25 to $150.  There are usually rules that you have to follow such as needing to make two direct deposits and writing three checks within 60 days.  Just follow the rules, and the money will be deposited in your account.  If you are in the market for a new bank anyway, why not earn some free money?  Many businesses want your business, and they are willing to pay you.  Why not take advantage of this free money to pay down your debt more quickly?

If you have a credit card with rewards that have accrued, you may be able to cash out the rewards for a payment on your credit card.  We hadn’t used our credit card rewards for a year or more, and we had enough to convert them to a $200 payment on our credit card.

Our Progress

This month I probably won’t be able to snowflake as much as I would like.  Next month we are traveling for one of my husband’s conferences.  The majority of expenses will be reimbursed, but we need to have the cash upfront to pay for it, so this month most of the money I would normally snowflake is being set aside for the trip.  Then, when I receive the reimbursement check, I will snowflake that.  Still, we did make some progress.

We have been collecting so many quarters from using cash that I turned them all in except $10 for laundry.

Spare change: $51.75

I was contacted unexpectedly for a job and took that payment and snowflaked it.

Unexpected writing job: $30

We were able to snowflake $81.75 since my last report a week ago. In the last eighteen weeks since we have gotten gazelle intense, we have “found” $5942.48 to snowflake!

How did you do this week?  Feel free to link up and share your progress.


  1. I love this site. Last year we payed for the boys christmas gifts on Amazon by collecting the gift cards from swagbucks. 2 less kids to shop for last year. Let us splurge on a laptop for the teenager.

  2. Your progress is inspiring!

  3. You are making good progress on your snowflake. I use Swagbucks too but I usually cash them in for Amazon gift cards since they are the best deal. Sometimes you need the money though.

    • Definitely Amazon gift cards are the better deal, but for me, any money than can go toward debt repayment is a good deal right now. 🙂

  4. Had never hard of Swagbucks, but I did see some traffic coming from it and wasn’t sure how. Now it makes sense since its like a search engine.

  5. Woo-hoo, you are SO close to going over $6000 in ‘found’ money….!!!

    • Thanks for that encouragement. I was getting a bit discouraged because we have snowflaked this month because we are saving for my husband’s trip. You have just put a positive spin on our progress. 🙂

  6. Oops, missed this somehow on Friday.

    10 sold our old cat carrier on Craigslist
    $10 snowflaked to emergency fund

    That’s all I’ve got right now! Maybe the electric keyboard will sell soon. 🙂

  7. Melissa J. says:

    This week I managed to snowflake $212.86. I received payment for some training at my school. This also included a $10 rebate that I had forgotton about.

  8. Melissa J. says:

    This week, I snowflaked $70.27. I am amazed by how quickly the snowflakes add up. I have come close to snowflaking $600 in just the short time that I have been keeping track.

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