Thrifty Frugal mom

Feb 15: You can turn the clutter invading your home into cash

February 15, 2024

There’s a room in our basement that we rarely ever enter, which we euphemistically call the “storage room,” that has 50 or more boxes full of accumulated clutter from past dwellings in Toronto, Waterloo, Barrie and beyond. There are also old books, toys, games, records, cameras, Palm Pilots, and other once-cool stuff that now is unneeded and unwanted.

Save with SPP, finding the prospect of going through each box overwhelming, took a look around the Interweb for ideas on how to convert some of this clutter into easier-to-store cash, while reclaiming some floor space.

Over at the Go Banking Rates blog, a number of clutter-cashing ideas are on offer.

The blog recommends a “triage” of your clutter collection to sift out any items of value.

“Go through each room and sort items into categories like clothing, electronics, books, and collectibles. Be ruthless in your selection; if you haven’t used it in a year and it doesn’t hold sentimental value, it’s likely clutter,” the blog advises.

Next, look up online to find the value of your potential “sellables,” the blog adds. See what similar items are going for on Facebook Marketplace, eBay, or (in Canada) Kijiji.

List your items on a suitable platform – the blog recommends eBay for collectibles, and Facebook for furniture and electronics “as you can avoid shipping costs.”

Anything you plan to sell online should be cleaned, repaired, and captured via a good, clear photo and well-written, clear description, the blog notes. Be sure, the blog concludes, that you are offering your items at a fair price, account for any fees your platform charges (example – shipping outside Canada) and be willing to negotiate. With Facebook sales, arrange to meet the buyer “in well-lit public places and consider bringing a friend,” the blog advises.

“With a little effort and savvy, you can turn your unused items into a valuable resource. Whether it’s an old guitar, a stack of vintage comics, or a designer dress you never wore, there’s likely a market for your once-loved items,” the article concludes.

The Frugal Farm Wife blog provides a few more ideas.

While it takes a bit of effort to cash in on your junk, it’s a sound idea to trade “a pile of stuff you no longer want or need for cash to spend on things you DO want or need,” the authors note.

Yard or garage sales, the article says, are the number one way “to get rid of stuff… they’re great!”

Set low prices for the bargain-minded yard/garage shopping set, advertise (via flyers or community Facebook, including some photos of what’s going on sale), and make your sale “easy to navigate” by grouping like items together, having tables to lay out clothes and larger items, etc.

Another approach, the article continues, is to “sell to consignment shops.” This is good for name-brand clothing that is in excellent shape, the article advises, and your clothes must be spotless.

Consider bringing any unwanted antiques to an antique store, the article notes.

At the Thrifty Frugal Mom blog, a lot of the same ground is covered, but the blog notes there are also online yard sales that can be set up via Facebook.

“To find one, simply search Facebook with your area’s name and either yard sale or resale and likely something will pop up. If not, create one yourself- but be prepared for it to become a hopping, popular place,” the blog notes.

“While you can sell big-ticket items here, I’ve found these groups to be a great place for selling smaller items and kid’s clothing. In fact, two groups that I’m part of are specifically for kid’s stuff.”

We can add a couple more thoughts from family experiences. The market for used 35 mm film cameras seems to have ticked up of late, and many camera stores will purchase your old cameras and lenses for a few bucks. There are several local stores that will pay cash for old vinyl records. And if you have any old collectible cards, there are card shops that will help you convert them into cash.

Depending on how serious your clutter addiction is, this is a process that could take time. But at the end of the day, you’ll have less clutter and more cash.

A nice place for some of that extra cash to be stored is the Saskatchewan Pension Plan. Any Canadian with registered retirement savings plan room can join SPP, and take advantage of its low-cost, professionally managed and pooled investment fund. And when you retire, your options include converting savings to a lifetime monthly annuity payment, or the flexibility of SPP’s Variable Benefit option, where you decide how much income to withdraw – and when!

Join the Wealthcare Revolution – follow SPP on Facebook!

Written by Martin Biefer

Martin Biefer is Senior Pension Writer at Avery & Kerr Communications in Nepean, Ontario. A veteran reporter, editor and pension communicator, he’s now a freelancer. Interests include golf, line dancing and classic rock, and playing guitar. Got a story idea? Let Martin know via LinkedIn.