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$61,000 in Credit Card Debt and Loans – Paid Off in 5 Years

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Oh how I love to read stories about those who have made their goal of paying off their debt a reality. A reader sent me a link to this story about a teacher that is only a few days away from paying off all of his credit card debt and loans.

Credit Counseling Group and Repayment Plan Helped Teacher

Jerry Guerrero, 56, ended up working with a credit counseling group to help pay off his debt. I don’t talk about that option much because I don’t know much about it. For Jerry, it seemed to be the tool that he needed to become focused and pay off his debt.

A few key points of his plan:

  • Quit obtaining new debt
  • Get interest rates lowered (his highest was at 24%)
  • Make extra money
  • Avoid late fees

Congrats Jerry on your awesome achievement!

How to Sell A Tub of Little Cheap Toys at a Garage Sale

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While going through my son’s toys for our upcoming garage sale, I ended up with a huge container of cheap toys. You know, the ones that you get from parades or from fast food meals. It’s amazing how many you can accumulate through the years.

I have found toys like these for sale or for free at garage sales and usually there is quite a selection by the time I get to a sale (around noon – I’m a late garage-saler). In fact, the last time I had a sale I had a tub of them and was asking five cents each. I still had almost the entire tub left, except for a few furby happy meal toys that two grown-ups started fighting over (that was pretty interesting to see!).

Anyways, I came up with an idea that I think will help us sell the toys since even when you put a “FREE” sign on them they still hang around.

We have some paper lunch bags around and we will fill the paper bags with the toys. They will be little mystery grab bags that my son can help sell. We’ll mark them for a quarter each or 5 for $1.00 and have a box of them by my son’s toys and also a few near where I will be stationed for people to pay.

I think everyone loves a little surprise and for the price they could sell. Thinking of being at a sale with my son, I’d pull a quarter out of my pocket so he could purchase a little surprise bag of goodies.

Next month, after our sale, I’ll report back on here how well it worked. In the meantime, if you have any other suggestions I’d love to hear them. My goal is to get rid of all of these cheap toys and make a little bit of money doing it.