5 Great Ways to Make Money from Your Junk – NLC Loans (2024)

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5 Great Ways to Make Money from Your Junk – NLC Loans (1)

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It’s springtime (finally!) and the weather is starting to get warmer. You know what that means: it’s time for some serious spring cleaning. If you’ve got what feels like mountains of clutter weighing you down, here’s how you can make money from your junk.So get ready, get set, go: it’s time to declutter and get paid for it, baby!

Idea 1: Facebook selling groups

Sell individual items such as clothing, toys, kitchen appliances, cars, tools, housewares, home decor, and baby items by joining a local Facebook sale group for whatever city you are in or near. Be sure to post pictures of your stuff and an accurate description.

To be safe, arrange to meet buyers in a public place or outside your home; do not have buyers come inside your home unless it cannot be avoided. If this is the case, be sure you aren’t home alone when they come inside.

You’ll be surprised how much people want all the things you don’t! You could easily make money from your junk; hundreds of dollars in many cases.

Idea 2: Yard sale

There’s no shame in the old stand by: the yard (or garage) sale! Make your junk get to work byputting it up for sale and inviting the neighborhood over to take something home. Be sure to price your items fairly and be prepared to accept offers.

For a successful sale, display your items in an orderly fashion and aim for hosting the sale during good weather. Have ample change on hand (ones, fives, and coins should suffice) and be sure to advertise in local Facebook groups (in fact, you can usually post your sale in the Facebook local sales groups mentioned above), in the newspaper, and with signs posted around your neighborhood.

When you’re done, donate whatever items are left to a local charity.

Idea 3: Tax write off

Speaking of local charities, if you don’t feel like hosting a yard sale, pack up your unwanted items and haul them down to a nearby Goodwill or Salvation Army thrift store. Be sure to take notes on the items you’re donating, because the donation center will provide you with a charitable contribution receipt that you will be able to use come tax time to lower the amount you’ll pay on your federal income taxes–or potentially even help to land you a refund. I

t’s not an immediate way to make money fromyour junk, but it’s super simple and you’ll be glad you did it come tax time.

Idea 4: Host a swap

Swaps are quickly becoming all the rage. From toys to clothing and home decor to baby items, consider inviting a group of friends (and their friends to0) to your place to host a mini swap meet. Trade clothing the kids have grown out of with other moms who have younger children, or just swap home decor items for a fresh new look.

Everyone comes out of a swap feeling like they just went on a shopping spree–but no one spends a time. And all the while you’re getting rid of the things you no longer use and replacing them with things you need. It’s a great way to make money from your junk, and even though you won’t be pocketing the cash directly, you’ll be keeping it in your pocket by getting the things you need to buy without having to swipe the credit cards.

Idea 5: Sell Online

If you’ve got some items that could potentially be worth a bit of money, try selling them online and make your junk pay you! Check current prices for your items on sites like eBay or Amazon to see what they’re worth. Old cell phones, laptops, small appliances, designer clothing items, or even lots of clothing ranging in sizes from baby to adult can fetch an impressive price tag on sites like eBay.

5 Great Ways to Make Money from Your Junk – NLC Loans (2024)

FAQs

5 Great Ways to Make Money from Your Junk – NLC Loans? ›

Ways You Can Make Money from Junk

There are many ways you can make money from the junk that you clear out of your home. The most common is, of course, a garage sale. This is where you simply put all the items you want to get rid of on your front yard. Have people go through them for stuff they want to buy.

How to make money off of junk? ›

Ways You Can Make Money from Junk

There are many ways you can make money from the junk that you clear out of your home. The most common is, of course, a garage sale. This is where you simply put all the items you want to get rid of on your front yard. Have people go through them for stuff they want to buy.

How to make money off of a loan? ›

Here are five ways you may use personal loan debt to build wealth:
  1. Home Improvements. Personal loans can provide you with financing to make home improvements. ...
  2. House Flipping. ...
  3. Start a Business. ...
  4. Cash-flow Management. ...
  5. Debt Consolidation.

How to make quick money right now? ›

25+ Ways to Make Quick Money in One Day
  1. Become a rideshare driver. ...
  2. Focus on freelancing. ...
  3. Sell unused gift cards. ...
  4. Carsharing or parking spot rentals. ...
  5. Send app referrals. ...
  6. Find unclaimed money. ...
  7. Deliver groceries or take out. ...
  8. Sell your clothes online.

How to make money from loan amount? ›

Generating income from debt involves taking out a loan and using the borrowed funds to invest in an income-producing asset. This could include buying bonds, investing in stocks, or purchasing real estate. The income generated from this investment can then be used to pay off the debt.

How to turn junk into cash? ›

Utilizing Consignment Shops

Consignment shops are another viable option to sell your items and make some money. These shops specialize in selling secondhand items for you, so they handle all the advertising and displaying of your items. Drop off your unwanted stuff, and the shop will sell them on your behalf.

How to start a junk removal side hustle? ›

How to go about about starting a junk removal business:
  1. Write a junk removal business plan.
  2. Create a junk removal brand.
  3. Register your business.
  4. Get your junk removal business license and permits.
  5. Open a bank account and get funding.
  6. Price your junk removal services.
  7. Buy junk removal equipment.
Mar 21, 2023

How to turn debt into wealth? ›

You can enhance your financial position and create long-term wealth by leveraging debt to invest in appreciating assets such as real estate, consolidate high-interest debts to improve cash flow, use high-yield savings accounts or borrow to acquire profitable businesses.

How to get out of debt and build wealth? ›

List your debts from highest interest rate to lowest interest rate. Make minimum payments on each debt, except the one with the highest interest rate. Use all extra money to pay off the debt with the highest interest rate. Repeat process after paying off each debt with the highest interest rate.

How can I make money to pay off my loans? ›

If you have the ability, making more money even in the short term can boost your debt repayment plan. Consider getting a part-time job, selling gently used or unused items or using your skills to do freelance work. A side hustle like house sitting, driving for Uber or Lyft or even dog walking can fuel your progress.

How can I make $1000 immediately? ›

How to make $1,000 fast
  1. Sell stuff you already own.
  2. Deliver food.
  3. Pick up a part-time job.
  4. Rent out unused space.
  5. Start freelance writing.
  6. Try affiliate marketing.
  7. Drive for a ridesharing service.
  8. Find odd jobs.
Jan 17, 2024

How to make $5,000 ASAP? ›

Here are the ways to consider getting $5,000 fast.
  1. Sell Items You Already Have. The first step in making $5,000 fast is to leverage what you already have. ...
  2. Rent Out Space. ...
  3. Become a Rideshare Driver. ...
  4. Teach Online. ...
  5. Get a Car Wrap. ...
  6. Sell Stock Photos. ...
  7. Consider Freelancing. ...
  8. Flip items online.
Mar 21, 2024

How to get money urgently? ›

Types of Quick Loans

There are plenty of quick loans and emergency funds one can avail of, depending on the need and urgency. Some of the common options are payday loans, personal loans, credit cards, and lines of credit. Payday Loans: This loan is typically small, short-term loans that are due on your next payday.

How to use a loan to make money? ›

Personal loans can also be used to build wealth by making renovations or improvements to a property that increases its value. Using a personal loan for home improvement gives you fast access to cash without tying up your home's equity. Some lenders offer repayment terms as long as 144 months for home improvement loans.

How do loans create new money? ›

Banks create money by lending excess reserves to consumers and businesses. This, in turn, ultimately adds more to money in circulation as funds are deposited and loaned again. The Fed does not actually print money.

How can I borrow money and get it instantly? ›

If you need to borrow money immediately, the most common options are personal loans, cash advances online, payday loans, pawn shop loans, and banks or credit unions.

How do I turn junk mail into cash? ›

Signing up for SBKC is a breeze. Whether you're a small business owner, consumer, or a professional like a financial adviser or insurance agent, there's a place for you in the SBKC community. Once accepted, you'll receive prepaid envelopes for your direct mail submissions.

How to make money out of rubbish? ›

Turning Recyclable Trash Into Serious Cash
  1. Recycling Aluminium Cans For Cash.
  2. Recycling Cardboard Toilet Roll Tubes For Cash.
  3. Recycling Old Mobile Phones & Tech For Cash.
  4. Recycling Empty Perfume Bottles For Cash.
  5. Recycle Old Clothes & Linens For Cash.
  6. Recycling Wine Corks For Cash.
  7. Recycle Plastic Bottles For Cash.
Jun 4, 2024

How to sell your junk? ›

Choose a platform

There are many different ways to sell your unwanted items. You can choose to sell online through platforms such as eBay or Craigslist, or you can hold a garage sale or yard sale. Each option has its own benefits and drawbacks, so choose the one that makes the most sense for you and your situation.

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