Debt-Busting Monday - Found Money
It’s been a busy weekend of organizing, listing items on Craigslist and crunching numbers. From #6 on the 6 Ways to Pay-Off Debt Quickly - Found Money!
Over the weekend we sold the kitchen sink (seriously) that was somehow leftover from construction. After being on Craigslist for a month, it sold for $225 which was great. Add to that the $75 from a focus group, selling back vacation time and an assortment of miscellaneous items on Craigslist I was able to transfer $5,933.97 to the nasty Capital One card.
This leaves a balance of $7,613.94 at 14.90%.
One of my July goals was to jump start the snowball debt payment process and pay-off $8,000 worth of debt. Between my first few snowflakes and this weekend, I’m up to $6,856.77… leaving $1,143.23. With only 11 days left in the month I’m somewhat confident that I’ll get close to the monthly goal.
I have another $2,500 - $3,000 worth of items for Craigslist and eBay. That’s if they sell at the amounts I’m hoping. I have 15+ items yet to list.
It really does pay to focus on ONE account at a time. Yes, it is all-consuming on the brain, but it works.
Need more inspiration? There are a number of people out there who have found themselves into debt and through grit, determination and a little creativity, getting themselves out.
Comment by ManicMom on 21 July 2008:
I really need to start doing the craigslist thing. Of course, I hang on to stuff so long that it’s rarely of much use to anyone else!
Comment by Sylvia on 21 July 2008:
That’s what I thought too… you will be surprised!
Comment by Craigs List on 22 July 2008:
Do you check the ‘wanted’ sections? I never do, but that might be something worth checking as well….