Abstract: The present invention provides a cord adjustment device for adjusting and managing the additional length of the cord of earphones when being used with portable multi-media devices such as a music player. The cord adjustment device is a spool shaped piece comprising magnetic material and further comprising a mating member which has a magnetic attraction to the spool member. The cord adjustment device is attached to clothing by placing the mating member on the reverse side of the clothing and the spool member on the outer side of the clothing. The cord adjustment device may also comprise a microphone, transmitter/receiver or an audio player.