I'm a Carnie!

(Photo from The Collage Images Group at Flickr)

Well, kind of! My post, Debt Elimination Stumbling Block #1, has been included in the 6th Carnival of Snowflaking! Thanks to Lisa at Greener Pastures for hosting. There are some good articles over there- I've been enjoying them this morning. If you are not familiar with Snowflaking, it is a terrific spin on Dave Ramsey's debt snowball concept. In addition to applying a snowball every month towards reducing your debt from smallest balance to largest, every little bit of found money (snowflakes) are applied to the debt too.

It may not seem like much of a plan, but consider this: Let's say that every month your bi-monthly paycheck is $3 more than you budgeted. $3 times 24 paychecks is $72! You could just let that $3 be absorbed into your general expenditures...or you could apply them to your debt. That $72 is worth even more that way because that is $72 less debt that could accrue interest. Where else are you going to get that kind of return for your money?

I'd love to say that I've already snowflaked "x" amount of dollars, but that is not the case. We are still just trying to adjust to having a budget! But we're getting there! It's because of great articles like this at Debt Non Sequitur or this one at Christian Debt Forum that I feel like debt elimination is something that even we can attain!