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7 Websites to Sell Used Stuff Profitably

7 Websites to Sell Used Stuff Profitably

Do you have a lot of stuff you don’t use just sitting around the house and collecting dust? If so, why not sell it? This is a great way to de-clutter your home and make some extra cash while you’re at it. There are all kinds of great websites where you can sell the things you no longer want or need, and you can get top dollar as long as your items are in good condition. Here are some of our favorite websites for selling old stuff to make money.

1. Vinted

    Image Credit via vented.com

    Use this site to sell any clothing, shoes, accessories, etc. that you are no longer wearing. You can also find some great deals on new-to-you stuff, just in case you are looking to spend your money on a new wardrobe. You will find a great community of sellers and buyers, and you may even find that you make a lot of new friends while you are at it.

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    2. Chairish

      Image Credit via chairish.com

      When you have furniture you no longer want, but it is in great shape so you don’t just want to give it away, this is a great place to sell it and make extra cash. Buying and selling any kind of furniture or household accessory is fast and easy. List items in two minutes, and let Chairish take care of shipping. You get to keep 80% of the sale price (commission is 20%).

      3. Oodle

        Image Credit via oodle.com

        Here is a site that is basically reinventing online classified ads through the power of social media. You will find this is a great place to sell and trade items, as well as buy new items from other sellers. Oodle operates a marketplace network with more than 15 million users monthly. You are sure to find someone who wants what you are selling, and you can make money by getting rid of the stuff that is taking up space in your home.

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        4. Sell Laptop

          Image Credit via cashyourlaptop.com

          When you want to sell your laptop, make sure that you sell it where you are going to make the most money. As long as it is in great shape, you can do that at CashYourLaptop. Search for your device, provide some details about the laptop, fill out the checkout form, and receive a free, pre-paid shipping label. You will be paid via check or PayPal.

          5. Valore Books

            Image Credit via valorebooks.com

            If you are in college, you can save a lot of money on textbooks by buying them here. You can also sell your old textbooks to make extra cash. Once the semester is through, you no longer need those books. Sell them here, and use the money towards the books you will need for the coming semester, which are already being sold at discount prices because someone else owned them previously.

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            6. CarDaddy

              Image Credit via cardaddy.com

              Selling a vehicle and getting a good price for it is easier than ever when you are using this website. This is a company that wants to make it easy for you to sell your old car, and even help you get behind the wheel of something newer. You will enjoy a safe online shopping experience, and your information shouldn’t be sold or shared.

              7. VarageSale

                Image Credit via varagesale.com

                Instead of going through all of the trouble of having an actual garage sale, enjoy the ease of a virtual garage sale by using this site. You can easily earn extra cash without having to drag everything outside or to the garage, advertise a sale, get up extra-early on a weekend, etc. You can also find great deals on a lot of the stuff you want to buy. This is a great place to find out more about your community: buy and sell to the people you can trust.

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                Featured photo credit: Bert Ferranco via unsplash.com

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                Jane Hurst

                Writer, editor

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                Trending in Budget Activity

                1 6 Easy Ways to Treat Yourself 2 7 Websites to Sell Used Stuff Profitably 3 Seven Tips to Save Money While Renovating Your Home 4 4 Ways to Make Every Penny Stretch in 2017 5 Getting Out of Debt in 4 Simple Steps

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                Last Updated on July 10, 2020

                The Definitive Guide to Get out of Debt Fast (and Forever)

                The Definitive Guide to Get out of Debt Fast (and Forever)

                Debt can feel crushing, like a weight that is always weighing you down. Looking at those numbers, it can feel as if you’ll never get out from under it. However, if you really want to learn how to get out of debt, it is possible with a great deal of focus and self-control.

                Getting out of debt isn’t impossible. Like any big goal, all that it takes is an action plan to identify where you are and creating a plan to zero out your debt.

                Identifying All of Your Debts

                The first part of paying off your debt is getting a complete picture of what you owe. When you have everything written out in front of you, it makes it much easier to create an action plan. Depending on how much you owe, it might also help you realize it’s not as bad you might have originally thought.

                Here’s how you can get started identifying your debts:

                1. Own Your Debt

                Before you start identifying all of your debts, take a moment to process that you have debt but want to get out of it.

                Forgive yourself for any past mistakes, missed payments, or overspending. It might be painful to accept how much debt you have at first, but you must own it.

                2. Make a Debt Tracker

                It’s astonishing how few people ever created a tracker to understand their total debts. Most likely, it comes from not wanting to accept the guilt of having debt, but, if avoided, it can make it nearly impossible to get out of debt.

                Open up a new Google or Microsoft Excel sheet and list out all of your debts. Start with the name of the creditor, interest rates, total balance, loan term length (if any), and the minimum amount due each payment. This will include student loans, credit cards, and any other type of debt owed.

                3. Get Your Debt Number

                Once you’ve made your debt tracker and taken the other steps, identify your total payoff number. This is crucial, as you will have a starting point and a clear goal that you are trying to achieve.

                Prioritizing Your Debts

                All debt is not created equal. It’s imperative to understand that there are different types of debt.

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                1. Understand Bad and Good Debts

                Bad debts are usually paying for things you want instead of always need. While there might be some emergencies that max out your credit cards, often times it’s excessive spending[1].

                There are three main types of bad debt:

                • Credit Card Debt: The average American household owes over $16,000 in credit card debt!
                • Auto Loan Debt: According to CNBC , the average auto loan in the US is $30,032!
                • Consumer Loan Debt: Consumer loan debt isn’t as common as credit card and auto loan debt, but it’s still considered bad as interest rates are usually between 10-28%.

                Good debt is identified as investments in your future. Here are three common types of good debt:

                • Student Loan Debt
                • Mortgage Loan
                • Business Loans

                2. Decide Which Debt to Pay off First

                Once you know each type of debt and their interest rates, you can begin to pay off debt quickly.

                Focus on paying off bad debt first, regardless of if it is a credit card or auto loan. Start by paying off the loan with the highest interest rate first.

                If you have several credit cards with different interest rates, you want to focus on the one with a higher APR. You will actually save more money by eliminating the card with the highest interest rate.

                3. Don’t Pay the Minimum Amount

                Paying the minimum amount digs you into a hole as interest rates will offset your payment. Even a small amount more than the minimum can help you pay off debt much faster.

                Removing Obstacles to Pay off Debt Quickly

                Creating a debt tracker and prioritizing a plan is simple, but avoiding temptation can be difficult.

                1. Set a Reminder to Track Your Debt

                “If you can’t measure it you can’t manage it.” -Peter Drucker

                It’s so important to track your debt to ensure that you get it paid off quickly. Similar to working out and measuring your results, you need to track your debt constantly. Start with a weekly reminder, where you sign on and log your updated number. Did you increase, decrease, or stay the same?

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                Regularly tracking your student loan balance can be incredibly motivating, as well. You will get a huge confidence boost each time you see your total debt amount decreases.

                Set weekly and monthly goals so you can have short term wins and keep the momentum going.

                2. Hide Your Credit Cards

                If your biggest debt is credit cards, you need to eliminate temptation and remove them from your wallet.

                Some people have gone to extreme measures by freezing their credit cards. Why? This would create an ice block around your card, which would require you to chip away at it slowly. This will give you time to think if it’s the best idea to buy that thing you’re about to buy.

                3. Automate Everything

                Willpower can be a huge downfall to paying off your debt. By automating your bills each month, you will ensure that willpower isn’t involved.

                4. Plan Ahead

                Getting out of debt will require some sacrifices, but with enough planning, you can make it work.

                For example, if you know that you have a friend’s birthday or family dinner coming up, plan ahead for the costs. Whether you need to cut back on spending the week before, pick up a side job, or meet them after dinner, do what is needed.

                5. Live Cheaply

                The only way to get out of debt is to make some sacrifices on your spending habits. Find ways to save money each month so you can apply that amount to your outstanding debts. Here are some ways to save money each month:

                • Live with roommates
                • Cook dinners and prepare lunches for work instead of eating out
                • Cut cable and choose Netflix or Amazon Prime
                • Take public transit or bike to work

                Finding the Lowest Interest Rates

                The higher your interest rates, the harder (and longer) it will take you to pay off any debt.

                If possible, you want to find ways to lower your interest rates to help get out of debt quickly. Here’s how you can get started:

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                1. Maintain a High Credit Score

                Your credit score will have a large impact on your ability to refinance your loans and receive a lower interest rate. If you have a low credit score, it’s unlikely you will be able to refinance your loans. Use these credit tips to increase and maintain an excellent score:

                • Never miss a payment
                • Don’t exceed 30% of your credit limit
                • Don’t sign up for more than one card at once
                • Limit hard inquires, like auto-loans and new credit cards
                • Monitor frequently with free credit-tracking software

                2. Find Balance Transfer Offers

                Start by opening a free account on credit.com. Credit.com offers you the chance to open a free account and see what type of balance transfer offers you can receive. Some of your existing credit cards might already have 0% or lower APR balance transfer offers available.

                Contact each of your credit card providers to ask about lowering your rate for a one-time balance transfer offer[2].

                If you do take advantage of this option, make sure that you use a balance transfer and not a cash advance. Cash advances have a ton of high interest fees (15-25%, depending on your credit card) and will only compound your debt problem.

                How to Get Rid of Debt Forever

                Setting up a plan, removing temptations, and getting the lowest interest rates is the first step to get out of debt.

                1. Keep Monitoring and Adjusting

                Once you have a plan, don’t get comfortable. Track your debt payoff plan and make the necessary adjustments when needed.

                Monitor your credit scores with a free site like CreditKarma. The higher your credit score climbs, the more likely you will be to secure a new, lower-interest loan.

                2. Earn More Money

                There are only so many ways to save money. Instead of clipping another coupon or making sacrifices for your morning coffee, find ways to earn more money!

                Think about it…it is much easier to find ways to earn an extra $1,000 per month than find $1,000 to cut from your budget.

                Here are some examples of ways to earn more money:

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                Talk to Your Boss

                Have a conversation with your boss about current salary and/or commission rates. If you’re not satisfied or want a change, don’t be afraid to look around at other positions. Some of them might even have a student loan debt reimbursement plan!

                Start a Side Hustle

                This could be coaching students on the weekends, driving for Uber, or taking paid online surveys. There are tons of ways to make money outside your 9-5. Now that you have a clear plan to pay off your debts, you’ll be more motivated than ever to figure out creative new ways to earn money.

                Build an Online Business

                There are so many websites and blogs that earn money from ads, affiliates, and other online products. Find your niche and get started.

                3. Celebrate Your Wins

                As you progress in your debt payoff journey, don’t forget to celebrate your wins. You need to always reward yourself for the hard work and discipline that is required to get out of debt.

                While you shouldn’t celebrate so big that it increases debt, make sure to factor in little rewards to keep you motivated.

                4. Set New Financial Goals

                Eventually, with a plan and these steps, you can rid yourself of your debt. Once you do, make sure to celebrate your monumental achievement, but don’t stop there.

                Now, you can focus on acquiring wealth and increasing your net worth. Set new financial goals so you have a new target to aim toward. Here’s how to set financial goals and actually meet them.

                These could be anything now that you are debt free! Think about where you want to travel, buying your first home, or saving for your future retirement. Just like before, make sure that your goals are specific, measurable, and achievable.

                Conclusion

                Congrats, you can now set a plan in motion to finally pay off your debt quickly (and hopefully forever)!

                Remember, if you want to get out of debt quickly, it’s not always easy. Just like any big goal, there will be sacrifices, challenges, and problems to overcome.

                More Tips on Getting out of Debt

                Featured photo credit: Pepi Stojanovski via unsplash.com

                Reference

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