Make Extra Cash

The Sell Everything Challenge

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  1. Show Notes

Got too much stuff?  Want to do a big purge before the cold weather sets in, maybe make a few bucks?  Take the LMMs’ Sell Everything Challenge!

Are you a hoarder?  Not like the demented ones on those gross shows, but just a little bit of a hoarder.  We challenge you to clean out your life, toss, sell, or donate all that stuff and see how much better you feel.

First of all, round up all your stuff from where ever it has been banished to.  Your parents attic, the back of your closet, the storage unit full of stuff you are paying to home.

What you do with it next depends on a few things.  Do you have sacks full of ripped, stained clothes that are not nice enough to donate?  Recycle it!  The Council for Textile Recycling site lets you enter your zip code and find a facility that recycles things like old clothes and bedding.  Much better than filling up landfills.

If your clothes are of a higher quality and still in good shape, maybe they just don’t fit anymore, donate them to an organization like Dress for Success.  They accept women’s business clothing for women who need a nice outfit for interviews or a new job.

If you want to make some extra cash, there are a few options, depending on how much time or inclination you have to go this route.  A consignment shop is the least effort, you drop it off and get a percentage if it sells.  Some cities have eBay consignors.  The same principle, drop it off and they sell it on eBay which might bring in higher prices than a conventional consignment shop.  Craigslist is good if you like dealing with weirdos and tons of people who will flake but I wouldn’t recommend it.  If you want to keep all the money for yourself, you can DIY eBay.  This will probably make you the most money but it’s the most labor intensive.  Particularly if it’s a big item that has to be shipped.  It might be yard sale time for things like that.

If you just want the stuff the hell out of your house, you can use a service like 1-800-GOT-JUNK.  You have to pay to have the stuff hauled off but it will be gone, gone gone.  

So are you up for the challenge?  Sell as much as you can during the month of September, let us know how many items you should, how much money you made and what you plan to do with that money.

Show Notes

Mint:  The easy to use budgeting tool.

Betterment:  Start investing your e-Bay gains today.

LMM Tool Box:  Everything you need to manage your money, recently updated.

Candice Elliott - Editor-in-Chief Candice Elliott is a substantial contributor to Listen Money Matters. She has been a personal finance writer since 2013 and has written extensively on student loan debt, investing, and credit. She has successfully navigated these areas in her own life and knows how to help others do the same. Candice has answered thousands of questions from the LMM community and spent countless hours doing research for hundreds of personal finance articles. She happily calls New Orleans, Louisiana home-the most fun city in the world.

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