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| Debt Anything to do with debt including debt reduction, debt concerns, debt consolidation and how to get out of debt |
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Ok so I'm trying to figure out what to sell on Craigslist to try and get an emergency fund started.
So far I have decided to sell my cloth diaper stash that's barely used because they have an excellent resale value (our daycare stopped accepting them). I can make about $250 on these relatively easily. I have a lot of baby gear that I COULD sell, but I am hesitant because I purposefully bought it all in gender nuetral colors because we plan on having another child in a few years (YES we will be out of debt before having another one!). Is it worth selling all this stuff now only to have to re-buy it again more expensively in a few years? We have a Wii that we never use and I'm going to sell as well. Any other ideas for easy to sell items? I don't really have clothes to sell because I buy them all used anyway, so no real resale value there. |
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It would be so much easier if I could have a yard sale. Craigslisting stuff is a pain! |
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Furniture is probably your biggest asset that could be downsized for less or just done without. Do you have pieces you don't really use that are just for decoration? Other ideas: look in your garage/attic/storage areas and get rid of what you don't use. Tools are another big one that usually sell quickly.
I probably wouldn't sell big ticket baby items but clothes and such in good condition I definitely would -- you can buy used next time around to save some cash. When I sell baby clothes on craigslist I bundle all the clothes of the same style or size and sell them as a bundle so it all gets scooped up. |
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I'd say that depends on the items. If you have nicer items than you really need and could sell them now for cash and later when you need them again, hit the yard sales and thrift shops to rebuy lower end but functional stuff, do that. Then you can resell those items when you are done with them. We had baby items that we bought used and resold a couple of years later for the same price we paid for them. We even made a profit on a couple of items that we had bought really cheap at yard sales.
Look around for a local flea market, church bazaar or something similar where you can rent a space and sell your stuff.
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Steve * Despite the high cost of living, it remains very popular. * Why should I pay for my daughter's education when she already knows everything? * There are no shortcuts to anywhere worth going. |
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My son-in-law buys and sells used college books. There are sites you can scan the books ISBN number on the back and they will tell you how much they will pay for it. He picks his up at garage sells and off Craigslist. He uses a site called bookscouter.com.
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Marcus Tullius Cicero: The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance. Last edited by maat55 : 05-27-2011 at 04:50 PM. |
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When we started our trek toward Debt-Freedom, we sold some old jewelry, clothes that didn't fit (or were just plain ugly), dvd's, video games, books, unused household items, and unused board games.
I do agree that you should probably hang on to the baby items if you plan to have more. But it sounds like you are well on your way. Good job...keep up the good work! |
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Just because you bought them used doesn't mean they have no resale value. As long as they are in decent shape, somebody will buy them. We've resold items that we bought used, both clothing and many other types of items.
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Steve * Despite the high cost of living, it remains very popular. * Why should I pay for my daughter's education when she already knows everything? * There are no shortcuts to anywhere worth going. |
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As far as the baby stuff goes, imagine you bought the items right now at the price you could sell them at and charge them on your credit card. How much after interest would you end up paying for them? So if you would pay $100 with a 20% apr then it would be $120 after a year. So if you plan on having a kid in three years, look at how much that would be after three years interest. If that is more than a price for a new one, then sell the items. If not, keep them.
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I honestly don't think cloth diapers would sell that well, or other small baby items. Maybe a big-ticket item like a nice crib or bed, but I don't even know about that, since I don't have babies myself.
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When we first started getting out of debt we sold everything that we could. I sold a collection, musical instruments, baby clothes. You can always get new things for babies later on. That is about the most common thing you see at yard sales. Bigger baby items like a crib and such I would hold onto.
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I would look around the house and take anything that hasn't been used in over year and try to sell it. You'll be surprised as to what some of the things you don't need anymore have value wise to someone else. Also if you have used clothing in good condition that you don't need anymore, if you can't sell it on Craigslist, try selling it to a thrift shop.
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I wouldn't sell clothes on Craigslist, because I just looked on E-Bay, and people are selling them for pennies on the dollar there, and good name brands, too! I personally wouldn't think selling stuff on Craigslist is as "safe" as on E-Bay. At least E-Bay backs stuff up, and they have information on it on their website. I don't think Craigslist will help you if you buy or sell stuff on there and have any issues with it.
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I would keep the baby clothes because you will spend more on them in the future. In my opinion with know what is in your house; have a huge clear out everything (remember one man rubbish is another man gold) and see what you don’t really need and sell them eg coffee table.
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