Things You Can Sell!
Here are some ideas of things you can sell or downgrade in order to get your debt payment going. Selling stuff is just one of many ways you can make money!
1. A house.
This is the biggest – and hardest – thing to let go of, but if you can do it, it will help the most in many cases.
2. A car.
You can downgrade in car, or sell one and live on one (or none!). Most of us would make great headway financially if we would step down in car, even just slightly.
When getting out of debt, a card table works as well as a fancy wooden dining room table. Do you really need 4 TVs in your house?
Many people have helped themselves get out of debt by selling clothes, especially children’s clothing. My wife and I had two garage sales where we sold almost nothing but our children’s clothing that they had outgrown.
Besides helping with debt, this is a great teaching tool for kids. One toy in, one toy out!
Okay, selling parts of our body may be a little extreme, but plasma could save someone’s life and you get a few bucks, so, why not?
Unless you must keep books for work, you can sell older books online or in yard sales. Also, the library will help you save money on getting books. It’s free.
We turned off our DirecTV three years ago and have never missed it. We have since subscribed to Netflix.com, but we are still spending over $60 per month less than we did with DirecTV. Check out Hulu Plus, Netflix, and other online resources. Sports fans (like me) can watch tons of games online for free now.
Okay, so you don’t want to go to dial-up, but could you downgrade your speed just a bit to help out? Most of us could, unless you do a lot of graphic work online.
10. Old Gadgets.
Why do you still have five old computers and three old cell phones lying around? Clear off your personal data, and sell them. If they no longer have market value, give them away, and you’ll at least have more space and peace of mind!
11. Your Own Creations.
Do you bake? Do you can fruit? Do you make scrapbooks? Can you sew? Paint? Are you a woodworker? Web designer? Why not sell some of your own creations! Today, you can sell most of them online and it will cost you very little, if anything.
12. Your Own Services.
Maybe you have small yards in your neighborhood. Why not offer to mow a couple of them on your day off? Or you could walk dogs, clean gutters, rake leaves, shovel snow, pressure-wash driveways, prune trees, paint rooms…the possibilities are nearly endless.
13. An eBook or Download.
Got an idea for a how-to book or just some information that is too long for a blog post? Create an ebook or a pdf download that people can purchase. This is a great way to earn a few extra dollars each month, and it can go on for as long as you leave the information available online.
Sell some of those prized tomatoes from the garden.
15. Online Games.
Do you really need to be paying for all those online role-playing games? Maybe keep just one going, and use the extra money to pay off debt, and the extra time to talk to people–in person!
16. Magazine Subscriptions.
Which ones do you actually read? Which can wait until you are out of debt?
17. Gym Memberships.
Most people can get much of the health benefit by working out at home, and it will cost far less.
18. A Storage Unit.
Now that you are selling stuff, do you really need that extra “pod,” shed, or unit across town?
19. Rental/Vacation Property.
When you are out of debt and have tons of money, you can buy again. While you are in debt, you are asking for trouble from extra real estate.
20. Non-retirement Savings/Investments.
Do not – I repeat, do not – cash out a 401(k) or other retirement account to pay off debt unless you are literally facing bankruptcy or foreclosure. But, if you just have a $10,000 account out there that you built up a few years ago, sell it and pay down debt. You’ll get your $10,000 back soon enough!
Obviously, this list could go on and on. The idea is help us all see that it is just stuff, and there are nearly endless ways to help our budgets by selling things or downgrading a bit in what we use. When you do, that sound you hear will be your financial wheels finally getting some traction.
What are some things you have sold to help you get out of debt? Leave more ideas in the comments!