My personal loan payment hit, with nearly all of it going to principal thanks to some snowflaking during the past month. 
$601 went to principal, to be exact. That makes $1841 down, $159 to go on my July goal. The personal loan is down to $8894! I managed to send another small snowflake payment yesterday because my calculations of mine and NT's furlough-reduced paychecks were slightly off; that payment should hit tomorrow. AS's other two student loan payments at the end of the month should push us slightly over our goal.
Also, the regular biweekly deposit into savings hit, with $50 going to the baby/emergency fund. That is $810 saved in July, so I met and passed the savings goal of $800. Our baby/emergency fund, counting UK savings, is now at $4350.27!
Progress on two goals (one accomplished)
July 16th, 2009 at 04:34 pm
July 16th, 2009 at 05:03 pm 1247763791
July 16th, 2009 at 10:39 pm 1247783946
July 16th, 2009 at 11:53 pm 1247788397
July 17th, 2009 at 02:55 pm 1247842556
Buckhorn, it's a term similar to snowballing debt, when you pay off one debt and then roll that payment into your payment toward your next debt, thus going faster and faster.
"Snowflaking" is when you take little bits of extra money you earn or find or get by chance, and throw those at the debt you want to get rid of most. Snowflakes don't seem like they're contributing to the speed of the payoff process, but if you do enough of them of course it does make a difference over time.
July 17th, 2009 at 09:40 pm 1247866821