It’s Back. . .Debt Snowflake Challenge #1 for 2013

Last year I had a Debt Snowflake Challenge and “found” an additional $7,499.25 to apply to our debts.

The last time I had a Debt Snowflake Challenge post was back in August, 2012.  However, several of you mentioned missing this post, and now that my husband and I have the gazelle intense goal of paying off my student loan by August 31, 2013, I decided it was a good time to bring back the Debt Snowflake Challenge.

Here’s how it works:

We inspire each other by sharing how we “found” extra money to put on our debts.  If you have a blog and wrote a post about it, please link up.  If you don’t have a blog, just leave a comment stating what you did this week to find extra money to put on your debt.

Our Progress

Last week I cashed out 5,000 Swagbucks for a $50 PayPal deposit.  The money landed in my account yesterday, and as soon as I saw it, I put it on my student loans.  Swagbucks is one of my favorite, painless ways to find money to snowflake.  I just use Swagbucks as my search engine when I search the Internet.

Swagbucks PayPal Deposit = $50

When I was going through our junk for the garage sale, I found some of my son’s outgrown clothes in fair condition as well as two brand new with tags pairs of Gap shorts.  I sold those on eBay and made $30.  I already had a little bit more money in my eBay PayPal account, so after fees, I was left with $41 to apply to my student loan.

eBay Sales = $41

This week we were able to snowflake $91 on the student loan.  I figured out that we need to pay an extra $108 a week to pay off the student loan by August 31st, so we were close to our target goal.

Now it’s your turn.  Link up your progress.  Let’s inspire each other!


  1. Great idea to share and motivate each other. For this last week, I “found” the following to add to my snowflake challenge.
    1. My work paid us an extra $50.00 for being healthy and getting our cholesterol, glucose, and body fat tested. Also had to complete a questionnaire about our health and set a health related goal. Easy $50.00 earned there!
    2. I sold my old jogging stroller, hiking backpack, and bike seat for a total of $150.00
    3. I cashed in points on my credit card for a credit on that account for a total of $124.80.

    I am now working on gathering things to sell at a garage sale my friend and I are going to have. She has a lot more stuff to sell but hopefully between my old toddler clothes and her things we can make a few bucks.

    Good luck everyone with your snowflake challenge!

  2. Melissa says:

    I’m so glad to see the Snowflake Challenge is back! I would like to get my car paid off in the next 18 months, but it is going to take a lot of snowflakes.

  3. We currently have 5249 in debt, and it is all on one bill. The monthly payment is 154.09 and we pay 200 monthly. This saves us 29 months off the term of the loan. This last week we sold some of my younger child’s toys for 105.00.
    Technically I am not looking to pay more on the debt until we have a substantial savings. We’re currently at zero in savings.

    • Melissa says:

      That’s okay. You can still join up and share your progress. You’ll just be snowflaking to create an emergency fund instead of applying it to debt.

  4. Melinda says:

    I sold 2 soaker hoses for $5 each on Craigslist yesterday, cleaning up clutter in my backyard and adding to our savings….

  5. Natalie says:

    Great job, Melissa! It’s inspirational and motivational to read about your progress.

  6. I had great success with this tactic last year — as shown in my linked post. Now that my loans are paid off, I’ll be saving snowlfakes into our adoption fund!

    • Melissa says:

      What great progress you’ve made! Congratulations! I would think that saving for the adoption fund would be very motivating too!

  7. Hi, I owe $4,500 on my student loans and also hope to pay them off by Aug 2013! My husband gets tons of overtime very sporadically so we are trying to funnel that onto these loans as it comes. This week we are putting $600 on them! We also recently started adding an additional $150 to the payments when my daughter’s karate instructor moved and we didn’t have to pay our membership fees any more. Thanks for hosting such an encouraging challenge!

  8. Stephanie O says:

    I’m new on here, where can I find out more about this snowflake challenge? Maybe the first post or something like that. Thanks.

  9. Melissa says:

    This week I snowflaked $21.04 from my second job and an online interview. I’m hoping to get more hours this summer, so that my snowflakes can grow for a couple of weeks.

  10. This is a great idea. So do I make a posting about it on my blog?

    • Melissa says:

      Yes, you can post your results on your blog and link up, or you can just leave a comment with your success for the week. Looking forward to seeing your success this Thursday!

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