{"id":562,"date":"2016-01-15T15:01:02","date_gmt":"2016-01-15T23:01:02","guid":{"rendered":"http:\/\/undebt.it\/blog\/?p=562"},"modified":"2021-02-13T20:49:30","modified_gmt":"2021-02-14T04:49:30","slug":"using-debt-snowflakes","status":"publish","type":"post","link":"https:\/\/undebt.it\/blog\/using-debt-snowflakes\/","title":{"rendered":"How Debt Snowflakes Can Help Your Debt Snowball"},"content":{"rendered":"<h2>What is a &#8220;Debt Snowflake&#8221;?<\/h2>\n<p>This post is dedicated to the &#8220;<em>additional payments<\/em>&#8221; page a.k.a. &#8220;<em>debt snowflakes<\/em>&#8220;. The purpose of this feature is to plan ahead for any temporary variations in your budget so your debt snowball can be as flexible as needed. <em>The main thing to remember is that this is on top of your existing debt snowball payments<\/em>. The cool thing about this feature is it can be positive or negative. You can even have more than one snowflake per month.<\/p>\n<h2>How Debt Snowflakes Can Help You<\/h2>\n<p>Here are a few examples where this may help you budget your debt snowball:<\/p>\n<ul>\n<li>You know you will be getting a tax refund in March and want to put an additional $2,000 of that towards your debt. Normally your debt snowball amount each month is $500 but in March you&#8217;ll be paying $2,500 to your snowball.<\/li>\n<li>You get three paychecks a month twice a year and you want to put $1,000 of your extra paycheck towards paying down debt. Create one for each month you get your extra paycheck.<\/li>\n<li>You plan on spending $400 extra around Christmas time. Since your regular monthly debt snowball is $500, it will be adjusted down to $100 in December.<\/li>\n<\/ul>\n<div id=\"attachment_563\" style=\"width: 501px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/undebt.it\/blog\/wp-content\/uploads\/2016\/01\/debt-snowflakes.png\" rel=\"attachment wp-att-563\"><img decoding=\"async\" aria-describedby=\"caption-attachment-563\" class=\" wp-image-563\" src=\"http:\/\/undebt.it\/blog\/wp-content\/uploads\/2016\/01\/debt-snowflakes.png\" alt=\"adding a new debt snowflake\" width=\"491\" height=\"314\" srcset=\"https:\/\/undebt.it\/blog\/wp-content\/uploads\/2016\/01\/debt-snowflakes.png 606w, https:\/\/undebt.it\/blog\/wp-content\/uploads\/2016\/01\/debt-snowflakes-300x192.png 300w\" sizes=\"(max-width: 491px) 100vw, 491px\" \/><\/a><p id=\"caption-attachment-563\" class=\"wp-caption-text\">adding a new debt snowflake<\/p><\/div>\n<p>Now that you have added your debt snowflakes, you can see how your plan will be affected on the debt snowball table. In the example below, I have a $1,000 snowflake set for this month and another set for 6 months down the road (these represent money from my extra paycheck).<\/p>\n<div id=\"attachment_565\" style=\"width: 410px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/undebt.it\/blog\/wp-content\/uploads\/2016\/01\/debt-snowflakes-on-the-snowball-table.png\" rel=\"attachment wp-att-565\"><img decoding=\"async\" aria-describedby=\"caption-attachment-565\" class=\"size-full wp-image-565\" src=\"http:\/\/undebt.it\/blog\/wp-content\/uploads\/2016\/01\/debt-snowflakes-on-the-snowball-table.png\" alt=\"debt snowflakes on the snowball table\" width=\"400\" height=\"457\" srcset=\"https:\/\/undebt.it\/blog\/wp-content\/uploads\/2016\/01\/debt-snowflakes-on-the-snowball-table.png 400w, https:\/\/undebt.it\/blog\/wp-content\/uploads\/2016\/01\/debt-snowflakes-on-the-snowball-table-263x300.png 263w\" sizes=\"(max-width: 400px) 100vw, 400px\" \/><\/a><p id=\"caption-attachment-565\" class=\"wp-caption-text\">debt snowflakes on the snowball table<\/p><\/div>\n<p>You can setup debt snowflakes on the <em>Additional Payments<\/em> page. This is one of the many free features that Undebt.it offers. Please remember to share on social media if you like the site. Thanks for your feedback and continued support.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is a &#8220;Debt Snowflake&#8221;? This post is dedicated to the &#8220;additional payments&#8221; page a.k.a. &#8220;debt snowflakes&#8220;. The purpose of this feature is to plan ahead for any temporary variations in your budget so&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":565,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"Using \"debt snowflakes\" to get your debt snowball rolling. I paid an extra $1k towards debt this month","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[3,8],"tags":[],"class_list":["post-562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-snowball","category-features"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/undebt.it\/blog\/wp-content\/uploads\/2016\/01\/debt-snowflakes-on-the-snowball-table.png","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p3b4HR-94","_links":{"self":[{"href":"https:\/\/undebt.it\/blog\/wp-json\/wp\/v2\/posts\/562","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=562"}],"version-history":[{"count":7,"href":"https:\/\/undebt.it\/blog\/wp-json\/wp\/v2\/posts\/562\/revisions"}],"predecessor-version":[{"id":1633,"href":"https:\/\/undebt.it\/blog\/wp-json\/wp\/v2\/posts\/562\/revisions\/1633"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/undebt.it\/blog\/wp-json\/wp\/v2\/media\/565"}],"wp:attachment":[{"href":"https:\/\/undebt.it\/blog\/wp-json\/wp\/v2\/media?parent=562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/undebt.it\/blog\/wp-json\/wp\/v2\/categories?post=562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/undebt.it\/blog\/wp-json\/wp\/v2\/tags?post=562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}