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May 20, 2014

How to Make Money By Cleaning Out Your Closet: A Downsizing How To

There’s something about the warm weather, bright sunshine, and blossoming flowers of spring that bring out the urge to de-clutter in all of us. Spring is a season of rebirth, so cleaning out your closets is a natural reaction. If you’re like most people, you probably have a bounty of belongings you don’t need, use, or want anymore. 

The problem is deciding what stays and what goes can be a difficult process complicated by emotional attachment. Take your favorite buttoned shirt: You haven’t worn it in at least a couple of years—it might not even fit anymore—but you have so many good memories wearing it that you just can’t bring yourself to get rid of it.

Emotional attachment to your belongings is understandable. The trick is figuring out where to draw the line so you can keep the memories, but clean out the stuff.

Just in case you need a little extra motivation to start the spring cleaning process, we’ve compiled a list of a few ways you can de-clutter and make a little money.

Top 3 Ways to Turn Your Excess Stuff into Extra Cash

  1. Consign: The process of consignment has become more and more popular over the last several years, making it an easy and accessible option for your less worn and more valuable belongings. Particularly if you have items that carry a designer label or still have the tags on, consigning can be a way to make back some of the original sticker price. Check out local consignment shops in your area, or look into some online options.
  2. Sell: If you don’t want to involve a third party in your selling process, consider holding a yard sale or taking advantage of sites like Craigslist. You’ll likely make more of a profit than if you were to go the consigning route, but you’ll have to put in a little more effort. Alternatively, you can reach out directly the friends or family members who may have expressed interest in certain items in the past. Remember your former neighbor who was always eying your favorite coat? Call her up and give her first dibs on the item before you put it up for sale.
  3. Donate: While you’ll have to relinquish your hopes of pocketing some quick cash for this option, donating items you no longer use or want can be a great option for cleaning out your closet that isn’t without some sense of personal gain. Depending on how big of a donation you are making, you could benefit significantly from a tax write-off. And while it isn’t a currency you can spend at the store, the good feelings you’ll collect from making a donation might just be worth it. Do your research to find an organization that you feel strongly about supporting, whether it’s your local Goodwill, Salvation Army, or Women’s Shelter.

Though the process of cleaning out your closets can be tedious and overwhelming, the relaxation that comes with organization will help you feel more streamlined, peaceful, and ready to take on the summer. Plus you’ll have a few extra dollars in your pocket to put toward summer fun. 

Do you need help cleaning out your closets? Check out this guide!

Downsizing Survival Tips


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