Paying Off Debt Through Selling Off Unused Items
You can find a large volume of unused old materials in your closet or cabinets or storage rooms. Stuff like these will never be used again and will keep on rotting for several years. Now these things can be made to use by selling them and gathering a lump some amount to minimize debt. In this way you can free up huge spaces in your home and make an impact on your existing debt.
Here are some ways through which this process can undergo.
Disperse 1 Year Unused Items
Make a commitment that you would sell off whatever you haven’t used in past one year. It can be a suit or Christmas decorations or kitchen utensil. Just get rid of it. Search extensively through out your place to find more of such materials and tag a price for it. try to avoid having an emotional attachment to these things while the sell-off. You can repurchase all of them while you are debt free!
Estimate A Price Tag
When you have gathered all the products try to make out a price of each of them. Compare the prices with the latest edition of the materials online on ebay or amazon and see if the price fits them. Do not try to over price the materials or else it would become quite tough to sell them.
Items That Should Bring Maximum Dollars
The following items must be available at your place and I am sure they are used seldom. But selling them would bring you more money than other miscellaneous items. The items are common in every household and you surely have forgotten them in the course of time :
i) Old I pod or Similar Music Player that you never use.
ii) Preceding cell phone that you never even look at, which has older versions and never be reused again.
iii) Old Watches that are comparatively old fashioned than the new ones.
iv) Extra Wood Flooring.
v) Old DVD collections that you will never watch again.
vi) Old clothes that are expensive but you will never wear again.
vii) Old jewelries that are out of fashion.
Consult With Your Family Before Taking Any Step
Whatever you decide to sell make sure you show it to your spouse first or you might face a misunderstanding situation. The items could be sentimentally attached to somebody in your home and if once sold it would be hard to get back. So having an OK from everybody would be best.
In this procedure you would find a lot of stuff that would have too little of a price to sell. Try to donate the stuff for a tax relief. You will get a receipt for the donations and thus save tax through it. Or else try to bundle it together and sell it altogether to save on shipping charges.
