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Declutter — Step One

Declutter — Step One

Credit CardsOne of the best ways to live frugally is to get rid of clutter. The more stuff you have, the more stuff you want. Right? So the converse is also true.

There is a lot of clutter in my life. And there are many things to sell, give or throw away before I move into a smaller space.

But clutter exists elsewhere, too. I have too many accounts in Mint. One, the big bear called Bank of America, has taken much more of my money than I’d like.

So, to start the weekend, and get myself into an anti-clutter mentality, I called today to cancel my longest running credit card.

The “experts” say I shouldn’t do this. But I already signed paperwork with my landlord, and she’s not going to run my credit report. I’ve already refinanced my car, and do not plan on getting a new one any time soon. I’m not in a place to buy a house, so even though closing this card means that my ratio of debt to credit goes up, and could negatively impact my credit score, I’m not concerned. In fact, the phone call was simple. “I’d like to cancel my card.” And it felt good.

Once I’m done with credit card debt once and for all, I’m going to look at getting a card with fantastic rewards. But until that point, I’m just going to keep things simple with one credit card.

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5 Comments

  1. April
    Jan 07, 2012 @ 11:52:10

    Thanks for the article mention!

    I hear ya on clearing out the financial debt {and seeing your money go elsewhere on Mint!}

    Good luck with your efforts, I'll be popping in to see how it's going ;D

    Happy Decluttering!

    Reply

    • kathleen
      Jan 08, 2012 @ 04:42:21

      Thank you, for the inspriation!

      Reply

  2. Carrie - Careful Cen
    Jan 09, 2012 @ 01:53:12

    "One of the best ways to live frugally is to get rid of clutter. The more stuff you have, the more stuff you want." I couldn't agree more with this statement. I HATE clutter. Whether it's in actual furniture, clothes or online accounts like you mentioned here. Emails and social clutter is also something I try to keep to a minimum. This post makes me want to declutter my apartment even more, and to go through all my financial accounts again! Thanks for the inspiration.

    Reply

    • kathleen
      Jan 09, 2012 @ 01:59:20

      YES — it's a little addicting. Like, I got rid of dinner plates because I want smaller portions. Extreme? Probably, but I figure if I miss something, I can always go get more!

      Reply

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