Downsize & Declutter

Amanda Peterson

Updated On: September 15, 2022  •  2 Minute Read

Money Saving Tips

Is your home cluttered? Do you have a lot of stuff... everywhere, that you no longer need? Maybe it's time to go Marie Kondo on it, and set it free if it does not bring you joy. But now what do you do with those things that do not bring you joy? Get rid of them of course! This week's Thrifty Thursday focuses on downsizing and decluttering.

Consider selling, donating, or giving away your things to someone who needs it. Depending on the value of the item, you might be able to report the donation on your taxes if the amount is large enough. If you choose to sell it, those extra dollars can be used for a myriad of things, such as paying down a debt, paying ahead on utilities, or even stashing it away in a savings account for those unexpected curveballs that life throws.

Where can I donate?

Thus the question when there are so many options out there. The local Goodwill, Salvation Army, and Union Gospel Missions are great places to start. However, most communities have a local shelter or thrift store that are usually happy to take unwanted items. And, some churches may also accept donations of canned goods or clothing for those in need.

Where to sell?

Selling your used items is so very easy to do in today's world. Most transactions can be done seamlessly online. And with the help of online payment apps, such as Venmo or CashApp, you can turn a profit even quicker!

• Facebook Marketplace has become the main source for online shopping. Be cautious, though. Their strict, ever changing community standards limit what a person can & cannot sell on their platform. Just for reference, animals, weapons, HBA products, and even some infant items are not allowed, and could land you in hot water, or banned.
• With Facebook's harsh standards, other sites such as the tried & true Craigslist might just make a comeback. Although a rather archaic platform, in dire need of an upgrade, the site still does its job. It sells without restriction, it's relatively easy to post an item to, and it's still a well known site.
• Poshmark allows you to sell name brand, trendier clothing and accessories.
• And of course, you can always try Etsy, if the item is handmade or custom.

Be sure to read the fine print on these sites, as there may be fees & taxes involved. And, the payment apps usually require either a bank account or debit card linked to receive payment. For more weekly credit tips, be sure to follow us here at CreditSoup.com!