Debt Reduction

Pay Down Credit Card Debt

I started No Credit Needed as a place to track our progress while getting out of debt.  Here’s what we did to pay off our credit card debt, step-by-step: We created a zero-based budget. We established a savings account for our $1000 emergency fund.  While getting out of debt, we had two mini-emergencies and were very thankful for our emergency fund. We listed our debts, smallest balance to highest balance. We chose this classic snowball-method, because it suited us.  We liked the victories associated with paying off those smaller balances, quickly. We made minimum payments to all of our accounts, on time. We made an extra, principal-only payment to the first account on our list. Throughout the month, as we…

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Basics, Tips

How To Quickly Sort And Organize A Room

As i mentioned yesterday, we are getting ready for a multi-family yard sale.  I thought folks might like a little more information about how we sort through our stuff and organize a room.  Our goal is to have a functional, comfortable space. Let’s start with the kitchen – home of the dreaded junk-drawer. In our kitchen, we have seven drawers – a drawer for silverware, a drawer for sharp knives, a drawer for various utensils (spatulas, tongs), a drawer for kitchen towels and wash cloths, a drawer for electronics (chargers, charging cords), a drawer for home office supplies (pens, pencils), and a drawer for bills and paperwork. Our process is pretty straightforward.  The contents from a drawer is removed and…

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Basics, Tips

Getting Ready For A Yard Sale

We a planning to participate in a multi-family yard sale the first Saturday in August.  I’m pumped.  We should be able to make a few bucks, get rid of some clutter, and better organize our home. We have secured a location for the yard sale and obtained all of the necessary permits.  We plan to spend the Friday evening before the yard sale, pricing specific items and getting ready for the sale.  Also, we’ll have change on hand and a secure place to store any money we will receive.  After the sale is over, we’ll donate any of the remaining items to a local charity. Beginning last week, I divided our house into manageable sections – and began to sort…

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