When you pay off debt, you free up more of your income to cover other bills and daily living expenses and eliminate the need to rely on loans and credit cards to get by. One way you can do this is to sell some of your stuff to pay off your debt. If you need some inspiration to help you get rid of some of your personal belongings in order to pay off debt once and for all, keep reading. Here are some of the best ways to sell your stuff so that you can live debt-free.
Have a Yard Sale
You can sell just about anything at a yard sale--and from household goods to furniture items, if it's priced right it will probably sell. If you want to have a yard sale to make some quick cash, take inventory of the items you plan to sell and write up an ad to post in your local newspaper. Make mention of collectibles and big ticket items such as furniture, antiques, electronics, or other highly sought after items, in addition to your everyday household items, books, clothing, toys, and knick-knacks. Place signs near busy streets to direct people to your yard sale, and include the date, hours of the sale, and your address on the signs.
Sell Items on Consignment
Consignment stores are great places to sell your stuff, and unlike a yard sale you don't have to do anything other than drop the items off at the shop in order to sell them. Find out what kinds of items consignment shops in your area take before you make any special trips, and make sure that the items you have are in good, clean condition before dropping them off. Many consignment stores are picky about what they'll take--and the nicer the items, the more money you'll probably make on them. While you'll only collet a percentage of the money your items sell for, the fact that someone else does the work for you might make this avenue of selling your stuff an ideal one if your schedule isn't a flexible one.
Use Online Auction Sites
If you have lots of rare items, collectibles, or high priced electronic gadgets, online auction sites might be the way to go. It's quick and easy to set up a seller's account on a site like eBay, for example, and once your account is established you can start selling right away. It's as easy as writing up a brief description of each item you're selling, uploading photographs of your wares, and shipping the items to the auction winners-- and it can all be done right from the comfort of home.
Post Ads for Your Stuff
Classified ads, both online and in newspapers, are another way you can sell your stuff and make some money to pay off your debt. Sites like Craigslist allow you to sell items for free, while you'll have to pay for ads posted in the newspaper. Write up a description of what you're selling, include a photo if possible, and name your price. In order to maintain your privacy, most online classified sites provide a means of communicating with interested parties so that you don't have to give out personal contact information. If you must provide personal contact details, however, use your email address instead of your phone number or home address. Once you've found a buyer, meet in a mutually convenient public location to complete the sale.
With several different ways to sell your stuff, raising money to pay off your debt shouldn't be too difficult. As long as you have some things to sell, you have an opportunity to make some money.
Guest post from Jean Clark. Jean writes for BackgroundCheck.org.