Carnival of Snowflaking #10 — Everything Is A Snowflake

Welcome to the 10th edition of the Carnival of Snowflaking. If you’re not familiar with the term snowflaking, here’s the definition:

Snowflaking is the concept of using small amounts of savings or earnings above and beyond our normal budget to meet our financial goals. A spinoff of the Ramsey Snowball concept, this can be used for debt reduction but it also goes beyond debt to savings, investing, and more.

Editor’s Picks

This carnival editor’s picks consist of three articles that truly embodied the spirit of snowflaking:

• The Opposite of Snowflaking? posted at Uncommon Cents — Snowflaking works with both directions. If you practice snowflaking with your income, be sure to look at your expenses to see where the leaks are.
• Melting Snowflakes? posted at Dreaming of Ferraris — Snowflaking takes discipline and if you don’t take care of your snowflakes…they melt.
• Ebates Reward Equals Extra Credit Card Payment posted at The Family CEO — A demonstration of snowflaking in action…every little bits help.

Other Submissions

There are other submissions that aren’t quite snowflaking-related, but they are good financial posts.

Credit and Debt

An example of snowflaking as it relates to debt is when you put all your extra money from various sources to debt payment.

• Is Debt Just A Fact Of Life For The Current Generation? posted at Debt Smackdown.
• How to Avoid Debt With Good Budgeting posted at Becoming Debt Free.
• 5 Credit Card Fees You Probably Didn’t Know About posted at Bankaholic.
• The Right Debt Management Solution – How It Can Help You Succeed Financially posted at Debt Free.

Financial Planning

An example of snowflaking as it relates to financial planning is when you find the whole concept of financial planning too overwhelming, but commit yourself to learning and doing it little by little

• Paying off loans or retirement savings posted at Christian Personal Finance.
• Teach Your Kids Basic Finance and Economics with Monopoly – 11 Valuable Lessons posted at The Personal Financier.
• Living Expense Tracking Methods posted at Pasadena Financial Planner.
• The actions I took that created my financial peak posted at fabulous finances.

Investing

There are many examples of snowflaking as it relates to investing. The easiest example is when you regularly add money to your investment and ended up with a large sum of money in the end.

• How To Be A High Yield Savings Interest Rate Chaser posted at Money Blue Book.
• I’m Betting Against Oil posted at Free Stock Market Investing Tips — Is oil another irrational exuberance? May be it’s time to go against the grain and bet against oil.
• Property Flipping Re-Energized? posted at Tallahassee Real Estate Blog.
• I’d Be The Growlingest Bear on the Internet If Only I Were a Bear posted at The Shark Investor.

I hope you enjoyed this edition of the Carnival of Snowflaking. If you are interested in past editions, or if you’d like to be a host, please visit the Carnival of Snowflaking home page.

Pinyo is the brain behind Moolanomy personal finance blog and a few other web sites. If you like this article, please subscribe for free daily email updates.

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1. Links 7/17/08: Weekend BBQ edition | finerthingsguide.com
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