the snowflake revolution - a (cool) saving strategy

I spent some time tonight starting to familiarize myself with the other blogs out there like mine (there’s lots of company, which is great) and on Beachgirl’s Budget Blog I came across an idea I just had to share: snowflaking. (Incidentally, she first heard about it at I Paid For This Twice Already.)

It’s a simple concept really: just make small changes that save you small amounts of money here and there (snowflakes) and apply that money to your financial goal. It’s a savings/debt-reduction technique whose popularity is apparently snowballing fast (I can’t resist a pun…sorry!) as it makes the internet rounds. You may even be doing it already and not know it. Gail Vaz-Oxlade of the show Til Debt Do Us Part posted a blog about this same strategy yesterday, she just didn’t give it a name.

And it makes sense! I already drink a plain coffee most days (cost for a medium: $1.80) because it hurts me to spend double for the almost $4.00 latte, but somehow I never really see that extra cash. That’s $2.00 per coffee that, with snowflaking, is going to build my savings and help me get out of my parents’ place and into an apartment and eventually (dare I say it?) a house of my own.

So, even though I’m new to this blog scene, I’m joining the Snowflake Revolution.

Spread the word.