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Turning Trash Into Cash

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  • Turning Trash Into Cash

    Junk. We all have some of it lying around the house. Whether it's boxed items cluttering the attic or everyday items that just don't fit with the room's decorating theme anymore, many of us have more than we need. At some point it all gets to be too much and in a fit of energy we decide that our place needs to be cleaned. Then the junk gets moved, typically to the nearest trash can. But wait. Before you throw out all that stuff, it pays to take head of the saying "one person's junk is another person's treasure."

    If you are about to throw out something because you think it has little value, you may come to regret it later. Those things that you consider to be trash many times have great value to collectors. If you have an item and have no idea if it has any worth, a quick first step is to head to the online auction sites like eBay. Input the item you have into their search engine. If similar items come up and there are bids on them, then someone out there thinks that the item you were about to trash has some worth.

    If you are trying to get rid of a few select items, the online auction sites may be the perfect place. Simply place the item on auction for a minimum price and let others bid away on it. This is where you may find that old, ugly toy you could no longer stand the sight of looks like a perfect jewel to somebody else. You don't even have to know how to list the items yourself anymore since sites like eBay offer services that will match you with someone who will list the auction for you for a small fee.

    Even if the item doesn't sell at auction, it still may be worth some money to you. If you have a large number of items that didn't manage to sell on the online auctions, having a garage sale or heading off to sell at a local flea market for a day may bring in some extra cash. This is also a good way of getting rid of those everyday items that still have life, but you are certain are not worth a lot of money.

    If you have an item that you suspect has some value, it pays to do a little research before placing it on auction. While the auction sites are a good place to see if something may have worth, they are not a good place to determine what the true value of something. Auctions can easily turn more emotional than sensible, and items may go for far more than their true worth. In the same vein, unique items that may not be familiar to those frequenting the online auctions may sell for far less than their true worth.

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    If you want to find the general true worth of something, the least expensive alternative is to head to your local library and check out collectible books and price guides on the subject. You can also search for Internet sites dedicated to the particular item in hand that can give you a good approximation of what the item may be worth. Another low cost alternative for those who don't want to take the time researching is to take it to a pawn shop and see if, and how much, the shop would be willing to give you for it. Pawn shops will buy the item for a fraction of it's true worth, so if you are offered a decent amount, you know that you have something of value.

    For items that you believe may be worth quite a bit such as antiques or if you have a lot of items and want to make sure the gems don't get accidentally placed with the ordinary items, it may be worthwhile to hire an appraiser. Appraisers charge between $150 and $300 an hour and you want to make sure that you get an independent appraiser that has no interest in purchasing the items you are having appraised (if the appraiser is interested in the items, he or she will be tempted to lowball their true worth in order to get them for a good price). You can get references for appraisers from organizations like the Appraisers Association of America.

    Even if you are not willing to put in the time and effort for any these events, there is always a better place than the trash can for most items. Simply load them up in your car and take them to a local charitable organization or the larger nationwide organizations like Goodwill and the Salvation Army. Not only will you be extending the life of the item, your donation will entitle you to receive a tax deduction for it if you itemize your tax return, and that's certainly better than getting nothing at all.

  • #2
    Re: Turning Trash Into Cash

    Good ideas & things to consider when cleaning out your closet as what you consider worthless maynot be to someone else.

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    • #3
      Re: Turning Trash Into Cash

      Right, what is junk to me is a treasure to somebody else. When I was cleaning at my mother's, there was a very old radio. My mother did not insist on keeping it because it is huge but I somehow didn't feel like throwing it out. I have already thrown out plenty of old clothes and the like but I somehow hesitated about the radio.

      Later, when we had to move some furniture, I called two friends of mine to help. And one of them was really fascinated by the radio because it was pretty old and he was a hobbyist, so he kind of booked the radio in case I some day decide that I am not keeping it.

      And this is not the only example I can think of!

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      • #4
        Re: Turning Trash Into Cash

        I got caught helping a friend's daughter the other day.

        This girl had bought a fridge at a garage sale and conned me into shifting it for her in the trailer.

        The girl kept visiting garage sales and guess what, she found a better fridge so I get the call to shift the better fridge to her flat.

        Surprise, surprise the girl had already found a buyer or the first fridge and I had to help shift it out to the garage.

        I shouldn't really be complaining as the girl needed a fridge and she did make a profit in selling the first one. I just hope she doesn't see an even better one in the near future.

        Enjoy Your Money
        The Budget Man

        Live well with what you have www.PersonalityBudgeting.com

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        • #5
          Re: Turning Trash Into Cash


          An alternative to selling items on eBay, with all the fees for listing, selling, and accepting PayPal, is to list items on free online classified sites like Craigslist.

          Where I live, we also have a local community bulletin board system where people list ads for items for sale, items wanted, jobs, etc. The local news channel also has a free classifieds section. I've found that many items can be sold this way and it works out great. Pay nothing to list and sell an item, get paid in cash, and no hassle with shipping.

          Of course, eBay and related sites like Amazon and Half.com provide a broader marketplace and remain a better method for some items regardless. Still, it is worth looking into local free methods for many types of items.

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          • #6
            Re: Turning Trash Into Cash

            Originally posted by poundwise
            An alternative to selling items on eBay, with all the fees for listing, selling, and accepting PayPal, is to list items on free online classified sites like Craigslist.

            .
            Craigslist??? Never heard of it.

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            • #7
              Re: Turning Trash Into Cash

              Originally posted by mom-from-missouri
              Craigslist??? Never heard of it.

              http://craigslist.org/

              Start by clicking on your state.

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              • #8
                Re: Turning Trash Into Cash

                Ok, I checked it out, and have 4 post on it already with 3 responses! Thanks for the info!!!

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                • #9
                  Your ideas and thoughts are really great...

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