It’s February, and it is time to pay the piper for all of those holiday purchases you put on credit. You were sure you would have the money to pay it off, but it just didn’t work out that way. You can grab a quick influx of cash by parting with some of your stuff.
Although you can’t sell your blood for quick cash despite what the movies say, you probably have a lot of other things that you can turn into some green. Take a good look around to see what you could sell – stuff that you are not using or no longer want.
Where to sell your stuff:
Hit local consigment shops and resellers or go online to ebay.com, craigslist.com, kijiji.com and many other online communities.
Where to find the good stuff:
Your jewelry box
With the price of gold at $1250/oz., a little goes a long way. A few single earrings, out of date accessories or the ring your high school sweetheart gave you can add up to several hundreds of dollars at the jewellers.
All of those book club books that are still current can net you about 50% of the cover price at a local book reseller, or dig up the old books from the attic to see if there are any gems.
Good quality, current clothes will be well received at a quality consignment shop. Book an appointment, and then wash, press and repair anything you bring. Choose a store in a nicer neighborhood to get the most return.
Tools, sports equipment and vehicle accessories will sell well online. Not using the windsurfer or snowmobile anymore? Sell it off.
Your safety deposit box
Old stock certificates or bond coupons may have risen in value and be ripe for cashing or reselling.
Selling things you own not only gives you money in hand for your goals, but it also clears clutter from your life and your home. Get creative and share with us what worked for you.
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Personal finance expert, Karen Collacutt is founder and CEO of Make Friends with Your Money. Karen works with ambitious people who are making good money but are wondering where it all went at the end of the month. She helps her clients to get clear on their money life challenges and opportunities, matching their money to their goals. They build a plan, confidence and peace of mind around their money. Certified Money Coach and Certified Financial Planner, Karen brings over 15 years of finance and business experience to her clients. Coach, speaker, author and change catalyst for those ready to create a positive and empowered money life, Karen delivers a fresh perspective on how to make friends with your money. www.karencollacutt.com.