One of the first pieces of advice you will hear or read when you start to look for ways to get out of debt is to sell your stuff. DVDs? Take them to the nearest used record (or is it CD) shop. CDs? Post them on Amazon. Designer bags? The consignment shop. Same for outgrown children’s clothes and toys. Haven’t played that Playstation 2 for a while? Someone will buy it off you for a tenner at your next garage sale.
But then what happens? Surely you’re allowed to keep some of your possessions. Aren’t you?
This is where I am currently. I sold off most of the DVDs, CDs and video games that we no longer watched, listened to or played with. Clothes and toys went flying off to the local consignment shop, and some have even sold. I post new finds monthly on Ebay (I didn’t know my house could hold so much unwanted stuff) and now I think I’m about tapped out.
For example, we have some nice, middle of the road-ish in quality, camping gear. A large tent, some mattress pads, a stove, some dishes. I think we must have paid less than â‚¬400 for it all, in cash. It’s sitting in our storage shed, not taking up any space that we pay for or that could be used by something else. The last time we went camping however, was when my youngest son was about one and a half years old. He’s four and a half now.
Should we sell it? We’re certainly aren’t going camping this summer; as much as I love camping, I hate it with babies who aren’t yet walking. The next time we go probably won’t be before next spring, although with our track record, it might even be after that. If I did sell it at the local consignment shop I would only get about 25% of what I paid, if I were lucky. And then we would have to pay to replace it again.
That’s the reason I haven’t sold it, not yet. While it has certainly been a while since we last camped, the chances are good that we will go camping again. And camping is one of the most frugal vacation ideas around, assuming you already have the necessary equipment. The above reasons, combined with the fact that we are no longer in desperate straits financially and we have the place to store the gear, make it more financlially wise to hold on to it than to sell.
For the moment at least.
What about you? Is there anything that you could sell, or maybe should, but can’t or won’t?