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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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                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 September 2, 2020

                How to Set Financial Goals and Actually Meet Them

                How to Set Financial Goals and Actually Meet Them

                Personal finances can push anyone to the point of extreme anxiety and worry. Easier said than done, planning finances is not an egg meant for everyone’s basket. That’s why most of us are often living pay check to pay check. But did anyone tell you that it is actually not a tough task to meet your financial goals?

                In this article, we will explore ways to set financial goals and actually meet them with ease.

                4 Steps to Setting Financial Goals

                Though setting financial goals might seem to be a daunting task, if one has the will and clarity of thought, it is rather easy. Try using these steps to get you started.

                1. Be Clear About the Objectives

                Any goal without a clear objective is nothing more than a pipe dream, and this couldn’t be more true for financial matters.

                It is often said that savings is nothing but deferred consumption. Therefore, if you are saving today, then you should be crystal clear about what it’s for. It could be anything, including your child’s education, retirement, marriage, that dream vacation, fancy car, etc.

                Once the objective is clear, put a monetary value to that objective and the time frame. The important point at this step of goal setting is to list all the objectives that you foresee in the future and put a value to each.

                2. Keep Goals Realistic

                It’s good to be an optimistic person but being a Pollyanna is not desirable. Similarly, while it might be a good thing to keep your financial goals a bit aggressive, going beyond what you can realistically achieve will definitely hurt your chances of making meaningful progress.

                It’s important that you keep your goals realistic, as it will help you stay the course and keep you motivated throughout the journey.

                3. Account for Inflation

                Ronald Reagan once said: “Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hitman.” This quote sums up what inflation could do your financial goals.

                Therefore, account for inflation[1] whenever you are putting a monetary value to a financial objective that is far into the future.

                For example, if one of your financial goal is your son’s college education, which is 15 years from now, then inflation would increase the monetary burden by more than 50% if inflation is a mere 3%. Always account for this to avoid falling short of your goals.

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                4. Short Term Vs Long Term

                Just like every calorie is not the same, the approach to achieving every financial goal will not be the same. It’s important to bifurcate goals into short-term and long-term.

                As a rule of thumb, any financial goal that is due in next 3 years should be termed as a short-term goal. Any longer duration goals are to be classified as long-term goals. This bifurcation of goals into short-term vs long-term will help in choosing the right investment instrument to achieve them.

                By now, you should be ready with your list of financial goals. Now, it’s time to go all out and achieve them.

                How to Achieve Your Financial Goals

                Whenever we talk about chasing any financial goal, it is usually a two-step process:

                • Ensuring healthy savings
                • Making smart investments

                You will need to save enough and invest those savings wisely so that they grow over a period of time to help you achieve goals.

                Ensuring Healthy Savings

                Self-realization is the best form of realization, and unless you decide what your current financial position is, you aren’t heading anywhere.

                This is the focal point from where you start your journey of achieving financial goals.

                1. Track Expenses

                The first and the foremost thing to be done is to track your spending. Use any of the expense tracking mobile apps to record your expenses. Once you start doing it diligently, you will be surprised by how small expenses add up to a sizable amount.

                Also categorize those expenses into different buckets so that you know which bucket is eating most of your pay check. This record keeping will pave the way for cutting down on un-wanted expenses and pumping up your savings rate.

                If you’re not sure where to start when tracking expenses, this article may be able to help.

                2. Pay Yourself First

                Generally, savings come after all the expenses have been taken care of. This is a classic mistake when setting financial goals. We pay ourselves last!

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                Ideally, this should be planned upside down. We should be paying ourselves first and then to the world, i.e. we should be taking out the planned saving amount first and manage all the expenses from the rest.

                The best way to actually implement this is to put the savings on automatic mode, i.e. money flowing automatically into different financial instruments (mutual funds, retirement accounts, etc) every month.

                Taking the automatic route will help release some control and compel us to manage what’s left, increasing the savings rate.

                3. Make a Plan and Vow to Stick With It

                Learning to create a budget is the best way to get around the uncertainty that financial plans always pose. Decide in advance how spending has to be organized

                Nowadays, several money management apps can help you do this automatically.

                At first, you may not be able to stick to your plans completely, but don’t let that become a reason why you stop budgeting entirely.

                Make use of technology solutions you like. Explore options and alternatives that let you make use of the available wallet options, and choose the one that suits you the most. In time, you will get accustomed to making use of these solutions.

                You will find that they make it simpler for you to follow your plan, which would have been difficult otherwise.

                4. Make Savings a Habit and Not a Goal

                In the book Nudge, authors Richard Thaler and Cass Sunstein advocate that, in order to achieve any goal, it should be broken down into habits since habits are more intuitive for people to adapt to.

                Make savings a habit rather than a goal. While it might seem to be counterintuitive to many, there are some deft ways of doing it. For example:

                • Always eat out (if at all) during weekdays rather than weekends. Weekends are more expensive.
                • If you are a travel buff, try to travel during off-season. You’ll spend significantly less.
                • If you go shopping, always look out for coupons and see where can you get the best deal.

                The key point is to imbibe the action that results in savings rather than on the savings itself, which is the outcome. Focusing on the outcome will bring out the feeling of sacrifice, which will be harder to sustain over a period of time.

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                5. Talk About It

                Sticking to the saving schedule (to achieve financial goals) is not an easy journey. There will be many distractions from those who are not aligned with your mission.

                Therefore, in order to stay the course, surround yourself with people who are also on the same bandwagon. Daily discussions with them will keep you motivated to move forward.

                6. Maintain a Journal

                For some people, writing helps a great deal in making sure that they achieve what they plan.

                If you are one of them, maintain a proper journal, where you write down your goals and also jot down the extent to which you managed to meet them. This will help you in reviewing how far you have come and which goals you have met.

                When you have a written commitment on paper, you are going to feel more energized to follow the plan and stick to it. Moreover, it is going to be a lot easier for you to track your progress.

                Making Smart Investments

                Savings by themselves don’t take anyone too far. However, savings, when invested wisely, can do wonders.

                1. Consult a Financial Advisor

                Investment doesn’t come naturally to most of us, so it’s wise to consult a financial advisor.

                Talk to him/her about your financial goals and savings, and then seek advice for the best investment instruments to achieve your goals.

                2. Choose Your Investment Instrument Wisely

                Though your financial advisor will suggest the best investment instruments, it doesn’t hurt to know a bit about the common ones, like a savings account, Roth IRA, and others.

                Just like “no one is born a criminal,” no investment instrument is bad or good. It is the application of that instrument that makes all the difference[2].

                As a general rule, for all your short-term financial goals, choose an investment instrument that has debt nature, for example fixed deposits, debt mutual funds, etc. The reason for going for debt instruments is that chances of capital loss is less compared to equity instruments.

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                3. Compounding Is the Eighth Wonder

                Einstein once remarked about compounding:

                “Compound interest is the eighth wonder of the world. He who understands it, earns it… He who doesn’t… Pays it.”

                Use compound interest when setting financial goals

                  Make friends with this wonder kid. The sooner you become friends with it, the quicker you will reach closer to your financial goals.

                  Start saving early so that time is on your side to help you bear the fruits of compounding.

                  4. Measure, Measure, Measure

                  All of us do good when it comes to earning more per month but fail miserably when it comes to measuring the investments and taking stock of how our investments are doing.

                  If we don’t measure progress at the right times, we are shooting in the dark. We won’t know if our saving rate is appropriate or not, whether the financial advisor is doing a decent job, or whether we are moving closer to our target.

                  Measure everything. If you can’t measure it all yourself, ask your financial advisor to do it for you. But do it!

                  The Bottom Line

                  Managing your extra money to achieve your short and long-term financial goals

                  and live a debt-free life is doable for anyone who is willing to put in the time and effort. Use the tips above to get you started on your path to setting financial goals.

                  More Tips on Financial Goals

                  Featured photo credit: Micheile Henderson via unsplash.com

                  Reference

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