Missouri Credit Union

Tough Times Series: Sell, Scrap, or Give: Useful Ends for Your Useless Stuff

by Nick Heckman



It's in our nature—for some of us, at least—to accumulate junk. Stuff that once was meaningful—if only for a few minutes in the store when we bought it—quickly turns to collecting dust in closets, attics, basements, and garages. Imagine how peaceful your home could be if you cleared out everything you don't need. How do you get rid of stuff you don't want anymore? Between the Internet and more conventional methods, there actually are quite a few options.

Set your goals

To begin, ask yourself a few questions:
  1. What's the value of the item I'm trying to get rid of?
  2. Do I want to sell this item or simply get it out of my sight?
  3. What's my time frame?
The answers will help you decide the most successful course of action: Sell, give, or scrap.

Sell your stuff

Many of us are familiar with the suburban junk pile, strategically placed at the curb with a FREE sign placed on top of the mess. All sorts of items reach this orphanage for the once-loved but now-useless: basketball hoops, bed frames, microwaves, televisions, and pieces of furniture. It's understandable that some folks don't have time to sit outside all day minding a yard sale. However, it's as if these people don't realize that someone, somewhere will pay for this stuff. Of course there are the tried-and-true local options for selling your stuff: pawn shops, swap meets, and, yes—yard sales. But the Internet also has created a brand-new market for making money off the things you no longer want.

Give to a good cause

If you don't care about making profits off your clutter, consider the value of the items and that they might raise money for charity.

"Unfortunately you can't just donate everything," reminds Christine Nyirjesy-Bragale of Goodwill International, Rockville, Md. "If you think of the time we need to take to sort things and dispose of them, you're actually taking resources and money away from us by giving us unusable items. A good rule of thumb is that you should only donate something you would be comfortable receiving as a gift."

Scrap it

Too often we use the trash can and the dumpster before we've examined the charitable and profitable options for getting rid of things. However, if the value and personal investment in the item are low and time is an issue, try giving items away or scrapping them.
The Internet has created a market for making money off the things you no longer want.
Freecycle and craigslist exist in most major urban areas.

If you've exhausted your options—you can't sell it online and local charities have no use for it— you can try a junk removal service. "Many people get overwhelmed when it comes to the clutter in their homes," says Jennifer Maloney of 1-800-GOT-JUNK. These services often will take one more glance at what you're getting rid of to see if any of it can be saved. "Our No. 1 priority is to recycle or donate as much as we can," says Maloney.

Safety on craigslist and Freecycle

As is always the case when interacting with strangers, you're putting yourself at risk for identity theft, scams, violence, or other safety concerns when you use sites like craigslist and Freecycle—or even newspaper classified sections. To remain safe:
  1. Ask for references. Make sure the person is trustworthy.
  2. Don't fly solo. Bring a friend or meet in public when interacting with someone new for the first time. Also, make sure you let others know when you've been interacting with someone online and when you plan to meet.
  3. Keep your information private. Don't give out credit card numbers. Don't use e-mail addresses that have your full name attached; this will help safeguard against identity theft.
  4. Ask for cash. If you're selling, ask that the buyer pays in cash so you don't get burned by a phony check.

Junk your car

Sick of cluttering your driveway with that old car that doesn't quite run anymore? Got a totaled truck that's taking up space? If you have the title for the vehicle, organizations like junk-yard.org can pick up junk cars for free—just visit online or call to make sure your junker qualifies. They'll even give you a receipt for the sale value of your car so that you can deduct it on your taxes.

Related Home & Family Finance Resource Center items

Published March 31, 2008



NCUA Equal Housing Lender
Printed Wednesday, November 19, 2008

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