Earn 1.11% APY on your money with an Alliant High-Rate Savings Account.
Get upfront pricing, guaranteed savings, and a discounted rate on your auto loan. Members save an average of $3,106 off MSRP.
Digital wallet payments are convenient and secure.
The National Education Program is open to Alliant members between the ages of 5 and 17. Apply by Friday, August 18, 2017.
Return to The Money Mentor Blog
By Paul Brucker
Ever wander around your home and think, “I sure have a lot of clutter. And look at all those boxes. I don’t even know what’s in them.” Congratulations, you may be a candidate for holding a garage sale to get rid of stuff and make some fast cash.
To get started, gather some empty boxes and comb through every room in your house, including your closets, basement, attic and garage. Look for items that you aren’t using and wouldn’t mind losing. The old clichés remain ever new: One person’s trash is another person’s treasure – and people will buy almost anything.
On the other hand, you’ll need to think like a customer. People know that a garage sale is a person’s attempt to find a new home for their unwanted things. And they will expect to pay bargain prices – less than what they’d pay at an antique store or consignment shop. Even so, you’ll need to make sure your items look clean and desirable so they’ll make a good impression and sell. (If you have a valuable item and are firm about getting top dollar for it, then eBay, rather than a garage sale, is the way to go.) Traditional garage sale bestsellers include old tools, kids’ toys, antiques, books and kitchen items. Most popular days for holding a sale: Friday and Saturday (Friday is when most retired people and dealers will come.) Don’t be surprised if your first customer is a dealer, looking to buy items cheap and then resell them.
Getting ready for the sale day
Holding a garage sale takes a lot of preparation and organization. Here are six important steps to keep in mind.
How much money will make from your sale? Often, people make several hundred dollars. Others make less than they’d earn working at a job for the same amount of time. But, on the positive side: You’ll have de-cluttered your home and earned cash for things you’d otherwise donate or throw out. You may also interact with some friendly folks and people in the neighborhood you hadn’t met before.
If you have leftover items, you could sell them on eBay (if the items are truly worth something), donate them to a charity (for a tax write off), leave them on the curb with a “free to good home” sign (if allowed by your city, town or home association), or simply pack them up for another garage sale.
Sources: yardsalequeen.com, realsimple.com, moneycrashers.com, getrichslowly.org, wikihow.com, lifehacker.com and ardentcamper.com