Pigeon payments are useful when you have a bill that needs to constantly pecked down in size. Items like a credit card or an item on layaway.
Pigeoning is the term for paying down a bill by pecking away at it with small continual payments known as pecking. This works well with banking relationships that have both your debt and your everyday banking online. Credit unions are really the best fit for pigeon payments because you can do an automatic transfer of just a few bucks out of everyday cash flow that start to add up over time.
Some people try to use pigeon style payments to build savings, but that is really a technique called kindling ( the idea of putting many small twigs together to start a fire) or they use the savings that they got from one place and push it into savings and that is a different technique called cross investing.
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