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Snow in June

I know, I know, you usually see the phrase “snow in July” but this blog post is being written in June. However, based on the scorching, record-breaking heat we’ve had so far this summer (make sure you’re wearing sunscreen and drinking lots and lots of water!) it might as well be July even though today is the last Thursday of June. Now, I understood the phrase “snow in July” (this case, June, since, like I said, I’m writing this and it’s still June) means something is happening way off its normal  schedule. I did a little fact checking, and apparently it means something else, but I like my definition better.

Okay, I’m getting off topic. Back on track…

The snow (in June) that I am referring to is not really snow at all. I am actually talking about a term called “snowballing” which, by Google’s second definition, means to “increase rapidly in size, intensity, or importance.” Q: what do we want to snowball in June this year? A: we want to snowball your debt reduction. In this case, the actual snowball (that is rapidly increasing in size) is the amount of money that you are paying toward debt.

According to the last checkoff item on June’s Financial Calendar, you are to learn something new this week ("snowballing" was a suggestion listed there). If you were not aware of what snowballing was before reading this blog post, you can certainly check that box–you DID learn something new! If you already knew, then I’m going to encourage you to check my blog post from January 8, 2020, entitled “Stack or Roll” and do a little homework on debt “stacking.” I mean, I can’t do ALL your homework for you.

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