You’re not limited to just adding one additional payment per month – you can add as many as you want and Undebt.it will total up the payments. You can even add a negative<\/em> amount to bring down snowball payment for a month if needed. For example, if you know you’re going to have a property tax bill coming up in April, just add a negative additional payment so your budget will be more accurate.<\/p>\n","protected":false},"excerpt":{"rendered":" Another One Down! I just got back from the bank where I wrote a check for the payoff balance of one of my last credit cards. It was a card with a 12.5% interest rate and the highest balance was close to $5,000. Looking back through my payment history from years ago, I see that […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"rank_math_title":"Another debt paid off with some help from a debt snowflake","rank_math_description":"Additional payments, a.k.a. debt snowflakes, allow you to account for any extra income you may be able to apply towards a debt in a certain month","rank_math_facebook_title":"Another debt paid off with some help from a debt snowflake","rank_math_facebook_description":"Debt snowflakes allow you to add extra income towards debt payoff","rank_math_twitter_title":"Another debt paid off w\/some help from a debt snowflake","rank_math_twitter_description":"Additional payments, or debt snowflakes, allow you to account for any extra income you may be able to apply towards a debt.","rank_math_twitter_use_facebook":"off","rank_math_canonical_url":"","rank_math_focus_keyword":"pay off debt","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[3,8],"tags":[],"class_list":["post-245","post","type-post","status-publish","format-standard","hentry","category-debt-snowball","category-features"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":8}},"jetpack_shortlink":"https:\/\/wp.me\/p3b4HR-3X","jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/undebt.it\/blog\/wp-json\/wp\/v2\/posts\/245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/undebt.it\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/undebt.it\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/undebt.it\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/undebt.it\/blog\/wp-json\/wp\/v2\/comments?post=245"}],"version-history":[{"count":7,"href":"https:\/\/undebt.it\/blog\/wp-json\/wp\/v2\/posts\/245\/revisions"}],"predecessor-version":[{"id":2465,"href":"https:\/\/undebt.it\/blog\/wp-json\/wp\/v2\/posts\/245\/revisions\/2465"}],"wp:attachment":[{"href":"https:\/\/undebt.it\/blog\/wp-json\/wp\/v2\/media?parent=245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/undebt.it\/blog\/wp-json\/wp\/v2\/categories?post=245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/undebt.it\/blog\/wp-json\/wp\/v2\/tags?post=245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"snowflake](\"http:\/\/undebt.it\/blog\/wp-content\/uploads\/2014\/01\/snowflake_payments.png\" "\\"Debt")
<\/a>The additional payments<\/strong>, or debt snowflakes<\/strong> as some people come them, allow you to account for any extra income you may be able to apply towards a debt in a certain month. Since we get paid three times this month, I try and plan to earmark an extra $1,000 to put towards debt. It’s also a good time to make sure your emergency fund is in the black. These extra payments can make a big difference in your plan. Without them, it would take me an additional four months<\/em> to be debt free. <\/a>This next screen shows how the debt snowball table handles these extra payments.<\/p>\n