If you’ve ever found your bank account empty at the end of the month (or sooner), than you know how stressful that can feel. During the current economy, many people find themselves living paycheck to paycheck and it’s difficult just to pay necessary expenses every month. Whether you need extra bill money or you are looking to free up a little bit of cash in the event of an emergency, it is possible! If you need extra money, looking around your house is a good place to start.
As years ago by, most households accumulate belongings that may or may not get used. That pair of shoes that you had to have may be sitting somewhere collecting dust or your kids may have outgrown their clothing and toys. Look around your house and see all of the things that no one uses anymore and an idea will start to emerge regarding where you may be able to find extra cash. Don’t just look in open spaces – open drawers and closets to see what you’ve stashed away only to forget about.
Once you start looking around, make a list of what you want to part with. On this list, write down what the item is, what condition it’s in (new, like new, good, etc.) and how much you want to sell it for. Once you have your list in order, take a day to get everything out and take pictures to show potential buyers the item’s condition.
As to where to sell the items, there are a few options – selling online is cheap and easy, but you may also want to check with co-workers, friends and family to see if they’re interested in any of the items. Facebook and other social media websites are also becoming popular places to sell things that you don’t want.
The extra money you earn from selling what you’re not using can be used to pay down debt, home repairs, emergency funds or anything that you see fit. As an added tip, it may be a good idea to write a date on the calendar every year to go through your house and to find your unwanted and unused items. By making it a yearly habit, you can keep adding to your savings or keep paying down debt.