Affix your basswood sheet onto a purple StrongGrip cutting mat using a brayer to press deep into the adhesive. Tape down the edges of the wood onto the mat using masking tape.
Use the free SVG file or Cricut Design Space file to cut out 2 wood yarn cards. Before removing the mat from the machine check the cut. Add an additional cut if necessary. For any areas that don't cut through, carefully use a craft knife.
Glue the yarn cards together clamping together using binder clips and fabric or felt to prevent damage to the wood. Allow to dry for several hours.
Remove clamps, trim away dried glue and sand down the cards until smooth.
Cut the names of your yarn colors out of black permanent vinyl. Weed away the excess vinyl, apply transfer tape, then transfer the design onto the wood cards.
Cut an 18" piece of yarn for each color then cut in half. Loop the 2 pieces of yarn, run the center through a slot. Pull the tails through the loop to create a tassel. Trim excess.
Run a loose leaf binder clip through the hole in the corner of the yarn cards to keep together and easily hang for storage.