Debt Snowflake Challenge #6, Sell Your Stuff

Welcome to week six of the Debt Snowflake Challenge.

This week we tackle a way to make money that you may not think is worth your time–selling your stuff.  You may look around and think, who would want my stuff?  Actually, plenty of people.

One great way to sell your stuff is to have a garage sale, but before you do that, try to take advantage of Craigslist and eBay.  Last November and December, we sold almost $600 worth of “stuff” on Craigslist and eBay.  What did we sell?  Over 40 Rubbermaid storage totes that I had had from my now defunct eBay business, our kids old clothes, cloth diapers that were too small, a baby crib bedding set that we never used, and our dishwasher.  I didn’t think most of these items would sell, but they did.

So what is the trick?  If you are selling on Craigslist, ask a fair price, but be willing to negotiate as most Craigslist customers expect to haggle with you.  If you don’t want to lower your price much, stand firm, but if it still hasn’t sold after a few weeks, it is probably time to lower the price.

Also, you can relist your items as frequently as every 3 days.  Make sure to do that because when you relist, your listing moves to the top of the pack.  I choose to sell items on Craigslist that I don’t want to bother shipping or that may not sell well on eBay.

eBay is a great place to sell name brand clothes in good condition as well as books and smaller items that are easy to sell.  I have gotten away from eBay recently because I don’t like paying so much in fees.

If your items don’t sell on eBay or Craigslist, then you may want to consider selling them in a garage sale.

We still have plenty more to sell including some baby gates we no longer need and more outgrown cloth diapers.  I have to set aside the time to list these so I can get more money for my snowflakes.

What items have you had good luck selling on Craigslist or eBay?

Our Progress

This month I probably won’t be able to snowflake as much as I would like.  Next month we are traveling for one of my husband’s conferences.  The majority of expenses will be reimbursed, but we need to have the cash upfront to pay for it, so this month most of the money I would normally snowflake is being set aside for the trip.  Then, when I receive the reimbursement check, I will snowflake that.  Still, we did make some progress.

My son’s school had a snow day in January, so this month I was refunded $30, so I snowflaked that amount.

School refund: $30

I also received an unexpected check for $107, so that also went on the credit card with the lowest balance.

Unexpected check: $107

We were able to snowflake $137 since my last report a week ago. In the last sixteen weeks since we have gotten gazelle intense, we have “found” $5841.45 to snowflake!

 

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Comments

  1. I really need to get on this! I was selling our old books, CDs, and movies for a while, and getting some cash. Not a lot, but some. And we’re keeping the baby stuff for now. But I have some clothes I could sell, and maybe some other things… It’s tough, because my first inclination is always to donate!

  2. I love getting unexpected checks :)
    Keep up the snowflaking.

  3. I have been intending to sell some stuff — especially if we move to the apartment upstairs. It’s bigger, but we’d also be giving up our storage unit to help offset the high cost, so it’s an excuse to de-clutter. I don’t want to move any more stuff that I have to.

    Snowflaking:
    81.20 I got a refund check from the FSA company that pays my transit fees with pre-tax funds sent from my paycheck. Apparently they tried to load up my lost transit card, the system reported to them that it was lost, and they sent me a check instead of crediting my FSA. Well, that’s sort of found money — it’s mine, and was already out of my budget, so I’m seeing it as a snowflake.
    31.20 cash-back reward from my Chase Freedom card
    —-
    112.40 for grad school fund

    150.00 belated Xmas gift
    103.00 state tax refund
    —-
    253.00 for computer replacement fund

    In the next week or so, I expect to have reached the minimum amount for withdrawal from Amazon Payments, so my sporadic work at Mechnical Turk will be reflected.

  4. Forgive my ignorance, but why were you refunded $30 for a snow day? Does he go to private school or something? It sounds like you will have lots to snowflake once you get that check.

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