One of the strategies that we used back when we were paying off Debt was trying to find anything and everything that we own and do not use, and make an attempt to sell it on eBay or Craigslist.  Getting rid of some of these items requires jumping a few psychological hurdles, but we both accept and embrace the fact that buying things that we couldn’t afford is a big part of how we got into the financial mess that we find ourselves in today.  When we get our finances in order, we can re-purchase these items, if we find ourselves missing them.  But the reality is, we probably won’t.  Perhaps it is just another minimalist kick taking hold, but I truly am starting to believe that I really will be a happier person if I own less material things.

As of this writing, in this past month alone, we have sold an astounding $500 worth of items, with a number of things still listed.  Yes, I decided to sell my amp (sold) and electric guitar (still available if you’re a lefty!)  The amp takes up a chunk of this total, but the rest has come from carefully going room to room in our house to see if we can find items of value that we wouldn’t mind parting with.  This is all in the name of a quicker escape from the chains of debt.  If you are fighting a similar battle, or if you just need some extra cash, perhaps the list below can help give you some suggestions as to where you might look in your own house:

Are Your Old Collections Bringing You Joy?

If there is something in your home that you have entirely too much of,  make no mistake about it– you are a collector.  It doesn’t have to be the traditional stamps, baseball cards, or coins — it can just as easily be ties, shot glasses, or power tools.  If you are living debt free and investing in stockpiling certain items is what brings you joy, then I won’t discourage you to do what makes you happy.  But if you are like us and are battling your way out of debt, you need to take a deep look at these collections to see if they truly bring you joy.

My largest collection is a couple of boxes of baseball cards that I bought with years worth of allowances from late 1980’s and early 1990’s.  Unfortunately for me, this collection is mostly worthless, because tens of thousands of other American twelve year olds were buying the exact same thing at the exact same time, but there are always diamonds in the rough.  I have been able to sell a few select cards in the $20 range using the site baseballcardbuyer.com.  I would love to sell the rest, to be honest, but just can’t get any money for them.  Perhaps one day, I will.

We were also able to sell coins online, and bring in another $15.  Michelle and I have both procured a number of old, rare, and foreign currency coins over the years, and we both agreed that it was better to sell them now to help us get out of debt, than to leave them sitting in the bottom of a jar.  While coins do increase in value over the years, they don’t increase at a rate greater than the standard credit card APR!

Music and Video Games

During my high school and college years, I purchased hundreds of music CDs.  For the past few years, these CDs have been sitting in my basement collecting dust.  I ripped them all to MP3 format years ago, and haven’t listened to the physical discs ever since.  I know that the sale of physical media music has grinded to a virtual halt in the past 5 or 6 years, but I decided to take my giant box of CDs up to the local music store to see if I could get anything for them.  The good (and surprising) news is that they were willing to give me $60 for 40 of my old CDs.  The bad news is that they were only willing to pay me in store credit.  I took their deal regardless, and went to look at their selection of video games to find some that I could turn around and sell on eBay for a good return.

Speaking of video games, I also have a rather large collection of Playstation 3 games that don’t get much love.  Many of them were given to my kids as gifts, and the decision whether or not to sell those games belongs to them.  As for the others,  I have found that if you group a few games together on eBay as a “wholesale lot,” you can often get a nice price for them.  I recently sold three games, which I probably paid about $30 together for over the years– for $40 on eBay.  Games do decrease in value the further they get from their release date (especially sports games), but if you group them together, you can make some decent cash.

Jewelry Box Whine

You have probably seen the commercials for those “cash for gold” places that have been springing up, and truth be told– this is the real deal.  Gold prices are at an all-time high, and if you can bear the thought of parting with some of your old jewelry, you can typically find a buyer willing to pay a good price.  Alternately, you can sell jewelry online, where the market price will be stated clearly and upfront.  Using this method, Michelle recently sold an old bracelet that she doesn’t wear much and made $50.  There is a reason that criminals who break into homes typically head straight for the jewelry box when looking for values; those items often hold their value fairly well!

Shoes, Oh My God, Shoes.

How many pairs of shoes do you have in your closet?  Fellas, I am guessing that you have less than five.  If you have more than that, your strays are probably not in the best condition and should be donated or tossed.  However, if you are female, chances are good that you have many more, the majority of which are probably in very good condition.  I don’t know what it is about girls that calls for a massive Shoe collection, perhaps the desire to coordinate with various outfits and social situations?  Regardless, I was amazed and impressed when Michelle offered to start selling some of her rarely-worn shoes to help our debt repayment effort.  Michelle doesn’t have half the shoes of some girls that I know, and hasn’t bought very many at all in the past few years, but I know that it wasn’t easy for her to part with some of her favorites, even if they almost never found a way into her rotation.  We got over 35 dollars for the first pair that we listed on eBay, and have two more out there now that we have high hopes for.

Go Ahead; Be A Sell Out!

Michelle and I are not hoarders and never have been, and we had no problem getting together lots of items to sell.  If you are like us, you probably have a closet (or even a room!) somewhere in your house where things you don’t use are just gathering dust.  So go ahead….sell out like us!  I feel so much better about life just knowing that someone is getting better use out of the things we sold, and we profited as well.