Oct 15th, 2012 by Jennifer Lynn
Enter below to win a chance at five $5 Paypal Cash prizes or one prize of $25 Paypal Cash!!
What is the snowflake savings method?
The snowflake savings method illustrates the importance of saving small amounts of money and the impact it can have on one’s financial journey.
When initially starting out, building a solid amount of savings can feel tedious and overwhelming, which is why I am a huge fan of the snowflake savings mentality. This model basically highlights how every spare amount of change is like a unique snowflake. Scrounging up a few cents here and there to throw into savings doesn’t seem very powerful at first, and yet suddenly those numerous snowflakes merge together to become a mighty snowball of goal-orientated fury.
Itty bitty amounts of savings do eventually add up, and do matter!
To further illustrate:
I grew up in a family where we never really took vacations and money was pretty tight. Nearly every evening my Mom would take my older brother and I (then four and five years old) for strolls along the river after dinner. During these walks she would scout leisurely for discarded bottles and cans along the riverbank and gather them in order to return to the local market for a small deposit. She did this for months and then used those accumulated profits to purchase us weekly musical lessons and instruments. Any leftover surplus after that was used for small, delicious treats for us all at the local ice cream counter.
Today, due to having piano and guitar training at such an early age, my talented brother—who is deeply musically-inclined—is preparing to embark on his second successful band tour, this time throughout Europe.
Every page in an elaborate novel is written word by word.
And every financial fortune is built one cent at a time.
Using creative methods, those bitty amounts of savings compile together and pack a financial wallop!
Now you can join in on the fun for the third installation of the Snowflake Method Giveaway, with our Save Small Amounts Edition!
To celebrate this concept, Jeffrey at SavingAdvice.com is hosting a ‘Save Small Amounts Through Snowflaking’ giveaway by giving $5.00 in cash through Paypal or Amazon gift card to five lucky readers and one prize of $25.00 in cash through Paypal or Amazon gift card.
Here is how you may enter for your chance to win:
Enjoy your Broke-Ass Monday and good luck to all participants!
(If you are a blogger and interested in participating in future Snowflaking financial giveaways for your readers, you may learn more here: Snowflake Project.)