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Carnival of Snowflaking #3: The ‘Get Motivated!’ Edition

Hooray! It is with much enthusiasm that I announce to you today the third Carnival of Snowflaking! There were a few more entries this week than last, and I find that exciting. I hope we can keep snowflaking more contributors (get it, har har) to this carnival until we have a real spectacular thing going
Nearly 100% of the articles featured in this carnival today were about snowflaking extra money toward debt. I personally think it is just so AWESOME to get out of debt, and am proud of each and every one of you for having the guts to tackle the beast with your own bare hands!

In addition to being just plain awesome, it’s also such a good financial move to stop being indebted to anyone. Whatever your reasons, living without the shackles of debt is the only liberating way to live. Jonathan at Master Your Card recently said:

Have you ever stopped to consider what debt takes from you? The natural response is often “money”; that being said, I want you to pause and look beyond the short-term analytical frame of mind so often tied with personal finance: I want you to consider where debt takes you as a human being, as an individual. Stop focusing on interest rates and APRs ; clear your mind of all numbers, statistics, and calculations. How can being in debt affect your everyday life and the way you view that life? Judging from the most abstract perspective I can muster, there are three long-term effects of perpetual debt: the loss of one’s freedom, an attitude of hopelessness, and a tax on one’s thoughts…

SO! It’s time to get out our reading-caps and get to snowflaking! All of your snowflakes - big ol’ fat ones and little ones that you can hardly see but which make great snowmen - are nearing you to your goal of becoming debt free, one little bit at a time.

It’s death by a thousand cuts, people! Or… freedom by a thousand snowflakes. There is great power in snowflaking. On with the carnival!

Editors Picks

Finance Girl presents My Co-Worker Debbie’s Old-School “Keep the Change” Program posted at Finance Gets Personal.
This is a GREAT way to gather extra snowflakes! I use the Keep the Change program at my bank, but even if you don’t have an automatic program available at your bank, you can save snowflakes all on your own
Amy presents Spending My Way to a Snowflake posted at My Daily Dollars.
I say, if you’re going to be spending money, figure out where that money’s coming from. I think the best way to gather snowflakes is to give up some things, and Amy’s is a great example of how to do that - without depriving yourself.
Zach presents sell the truck, retire early posted at Pennywise and Poundfoolish.
Cars are silly. Could you really do without one? Zach explains his family’s decision to sell one of their vehicles, and he may possibly sell the other as well. I can’t wait to see what’s decided! This is one way to get some huge snowflakes going toward your debt or savings. But then again, we all know I’m about the “extreme” compromises that can be made to get out of debt sooner!

Great Ideas for Snowflaking

Amanda presents Balance Transfer to National City posted at Me vs Debt.
This is an EXCELLENT post explaining why sometimes it’s a good idea to transfer your balance - and think about how much money she’ll save, which can now go straight to the debts! Just beware of introductory offers that aren’t genuine.
Laura presents What a difference a snowflake makes posted at No More Spending.net.
Laura’s building up her snowflakes slowly but surely, and shows us where she finds extra money to snowflake (and you can too).
Cindy presents 8 Ways That I Can Save Money On A Limited Budget posted at Oh My Aching Debts.
This is a great list, and some of the savings/snowflaking practices she uses are ones we can all adopt.

Snowflaking Stories

Mama Bear presents I’ve Got a Little Space to Fill: April 1st - 15th Financials posted at I’ve Got a Little Space to Fill.
This is a tale like so many others… snowflaking anything that works. Keep it up! A little bit now goes a long way… I promise.
Kelly presents It’s Only Money; Save It Now posted at My $mall C€nts.
It is really important to reflect on yourself and your spending/saving habits, and Kelly is doing just that. You can do it Kelly! If I can change my spending habits, ANYONE can. And you’re right… it’s only money.
AP presents First Snowflake Payment posted at Accumulating Pennies.
If you need a good idea for snowflakes, here’s one: SELL STUFF! AP is doing just what I did a month ago; she’s selling her stuff like crazy. And she’s watching her snowflakes gather up, little by little! Awesome.
mBB presents Reduce Your Credit Card Debt With Low Interest Balance Transfers For Life posted at Money Blue Book.
If you are thinking about balance transfers, here’s an in-depth look at why they might be beneficial to you, and how they can help you find more snowflakes out of your current income (because of consolidation, lowered interest rates, etc.). It’s a hefty read, but a well-educated one.

Thank you to all the participants for sumbitting your posts on snowflaking Here’s hoping we keep snowballing the carnival onwards and upwards. Be sure to check out Foxie’s Ferarri Dream next week for the carnival #4, and make sure to get your submissions in ASAP.

Thanks for stopping by
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People do not realize the worth of mortgage & equity. This results in them falling for cheap insurance. Such risks should not be taken in case of home insurance or life insurance. Even health insurance is equally important.

Filed Under Snowflaking Debt and Savings, money and finance

Comments

7 Responses to “Carnival of Snowflaking #3: The ‘Get Motivated!’ Edition”

Mydailydollars on May 8th, 2008 7:31 am

Great carnival! You’ve doubled the entries from last week, so that’s some nice growth. Onward and upward!
Finance Girl on May 8th, 2008 8:27 am

Thanks for including my post as an editor’s pick! Good to see the carnival is growing!
Mama Bear @ I've Got A Little Space To Fill on May 8th, 2008 8:49 am

Thanks for including my post!!!
AP on May 8th, 2008 12:08 pm

Thanks for including my post and glad to see the carnival is growing!
no more spending on May 8th, 2008 1:04 pm

Great carnival Shanti! Thanks for including my post
Amanda @ Me vs Debt on May 9th, 2008 4:08 am

Antishay! Thanks for hosting. Fantastic job and I love the concept. Hooray for snowflakes!

-Mandamay
Finance Gets Personal » My Co-Worker Debbie’s Old-School “Keep the Change” Program on February 10th, 2009 6:15 pm

[...] post was an editor’s pick in the Carnival of Snowflaking, hosted by Antishay [...]