Comments on: Collecting Debt “Snowflakes” in Second Checking Account

By: Writer's Coin

Writer's Coin — Wed, 20 Aug 2008 11:01:04 +0000

To Matthew C Miller, have you ever tried using a credit card instead for all your purchases? I always thought BofA’s Keep the Change was a neat little program, but assumed the savings couldn’t compare with my credit card rewards (cash back). I ran an analysis (http://www.thewriterscoin.com/2008/08/19/credit-card-rewards-vs-keep-the-change/) and even though I was right, Keep the Change still surprised me with how much it can bring in.

By: gold maple leafs

gold maple leafs — Fri, 23 May 2008 13:15:19 +0000

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By: Matthew C. Miller

Matthew C. Miller — Thu, 01 May 2008 19:55:08 +0000

One of the ways we save (not terribly original) is to keep all our change and use it as snowflakes. Bank Of America recently (few months ago) initiate a service called “Keep the Change” in which they round up any transaction made using our debit card to the next whole dollar and once-a-day transfer the day’s roundings from our checking into our savings account. They have a promotion right now that they’ll match 100% of the first 3 months roundings (up to $250/account annual max) and they regularly match 5% of the annual total. Even more snowflakes!

-Matthew

By: Snowflaking Will Melt Your Debt And More! | My Super-Charged Life

Snowflaking Will Melt Your Debt And More! | My Super-Charged Life — Fri, 04 Apr 2008 14:21:14 +0000

[...] what have others done? FrugalDad explains how he set up a second checking account for collecting his snowflakes which resulted in an extra $66.02 in debt reduction the first month. This sum may not seem [...]

By: Be a Blogger: Lessons Learned From a Traffic Surge | Frugal Dad

Be a Blogger: Lessons Learned From a Traffic Surge | Frugal Dad — Thu, 20 Mar 2008 18:05:44 +0000

[...] and ideas with others. It can develop into another income stream which could add to your “snowflakes.” Best of all, you will build relationships with some fantastic people along the way. If you [...]

By: Amy

Amy — Wed, 19 Mar 2008 18:51:29 +0000

Great job on your snowflakes! That is wonderful!

We got our credit card statement and I have $300 left to go (from when my husband was unemployed). We will pay that next month and FINALLY be credit card free. I am planning a big party for our family Less than a month to go and we will no longer have that weight on our shoulders- whoohoo!

By: S.B.

S.B. — Wed, 19 Mar 2008 09:07:33 +0000

I was happy with mail-in rebate – first time ever!!!

By: Greg

Greg — Tue, 18 Mar 2008 22:11:07 +0000

When we bought our first computer we did basically the same thing. Everytime we used a coupon at the grocery store we would have the clerk subtotal the total and we would write our check the larger amount then take the coupon savings in cash. It was surprising how quickly just grocery savings added up. Thanks for the reminder we need to start doing that again.

By: Jared

Jared — Tue, 18 Mar 2008 20:26:47 +0000

Cool ideas! I’ll definitely have to try it and the Cash Crate thing! I can always use some extra money.

By: Mrs. Micah

Mrs. Micah — Tue, 18 Mar 2008 17:17:54 +0000

Nice. One thing I like about ING is that you can make subaccounts for snowflaking. You can even make fun labels.