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Using a Snowflake for Cash Flow

March 27th, 2015 at 12:39 am

I mentioned yesterday that I redeemed 25GBP paypal from Swagbucks. The plan was to send it 70/30 to debt payoff and EF. However, I checked my bank balance this morning and I'm about 12.00 short for a direct debit. I now think I'll have to keep it in my bank account, which is unfortunate. A few questions:

- Do I count it as a snowflake and include it in my total (but acknowledge that it didn't go to either debt or savings?)
-Should I try to replace this money to put towards debt and savings?
-Should I just keep 15 in my bank and send 10 to debt/EF?

Part of me is gutted and the other part is pleased the money is there.

6 Responses to “Using a Snowflake for Cash Flow”

  1. creditcardfree Says:

    If it were me, I would definitely send the 10 to debt/EF and count that as a snowflake. I would then make a note somewhere else to pay yourself back for the 15 when you have the money. At that time I would then count it as a snowflake.

    I'm glad the money is there for you! You still have the 10 that can go for your goals. Smile

  2. CB in the City Says:

    You can handle your snowflake accounting any way you want! In my case, I just track the extra income and then at the end of the year I parcel out the full amount to my grandkids' college funds. If you don't have a plan for the money, it will just disappear, but IMHO you don't have to put it into action immediately to be able to count it.

  3. chloe Says:

    I agree with CCF's method of counting the money. And it would be great if you could pay yourself back later. But mostly, isn't it great that you had the money available when you needed it? Keep up the good work!

  4. VS_ozgirl Says:

    It's annoying when these things happen, but it's great to have the money when needed. Keep on going, you're doing great!

  5. snafu Says:

    Really glad the money was there to cover the shortfall. Have you been able to identify what caused the issue? Was something missed? math error? DH deposited less than expected or? I've been traveling and trains here don't have WIFI. Has return to work been sorted? Have you an alternative plan for childcare? While I understand that DH & his mom are at odds, she has not lost her status as grandmother...has she?

  6. FrugalTexan75 Says:

    I also agree with CCF's idea of how to account for the money.

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