How to Get the Most for Selling & Donating Your Stuff - Less Debt, More Wine (2024)

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With Spring Cleaning in full swing you probably have a huge pile of stuff you are looking to get rid of, but perhaps you’re not sure the best way to ditch the stuff. Should you sell your stuff or donate it and be done with it?

Actually, you’ve got three options to get rid of your stuff, you can sell your stuff, donate it, or throw it out. So how do you know what to sell and where to sell it? Why would you donate instead of trash? So you get the tax break later. Why trash instead of donateyour stuff?

Because not everything you are getting rid of is of a quality that can be used again by someone else.

What, Where, and How to Sell Your Stuff

If your first choice is to make some extra cash from your unwanted junk, then you need to decide what is sellable, where to sell it, and how to get the most for your stuff.

Household items such as furniture or rugs etc

You can useCraigslist and other local selling sites to get good money for your stuff and to sell it fast. Check to see if there is an active Facebook yard sale page in your area. I used one to sell most of my stuff fast when I was getting ready to move from Massachusetts to North Carolina. When posting your items for sale make sure you take well-lit pictures and include some detail about the item and why you are selling the item.

For example:

“This microwave works great, but the place I’m moving to already has one built in.”

Collectibles

Online sites like eBay. I’ll be honest I’m not expert at selling on eBay, so I reached out to Kate from Goodnight Debt for some tips. Here is what she had to say:

“The biggest tip is own something worth selling. Here are my [other] two cents. They are pretty basic, but they are so often overlooked.

1) Great pictures. Show people what they are buying. The more pictures you have, the more people will feel comfortable with the product.

2) Detailed descriptions. Write an incredibly thorough description. This helps more with the search function than actually selling the product. If people can’t find your product, how will they know they want to buy it?

Also, use words similar to what you are selling, so the search function will catch your listing if the search is close, but not quite right.”

To sum it up:

  1. Own something worth selling (sorry but chances are that beanie baby isn’t worth anything (thoughsome people do still dream)
  2. Take lots of well-lit pictures from lots of angles, showing every feature of the product
  3. Write a detailed description to increase your chances of people finding your post and increase the chance to sell your stuff.

CDs/DVD/Blu-Rays

You may get more money selling via craigslist or eBay but if you want to get rid of it quickly you can sell your stuff to FYE or sellyourdvdsonline.com or declutter.com. I’m a big fan of using these sites because it is so quick and easy. They will even pay for the shipping to send the items into the site. Just remember when you are sending your stuff in to send via media mail, it will be cheaper.

Books

Bookscouter.com will show you what different sellers will pay you for your books, so you can make sure you are making the most. Again be sure to ship by media mail to get the most bang for your buck. You may ultimately use another service to sell your books but BookScouter will make sure you are making the most money for your books.

Clothing

Try finding a local second-hand clothing store like Clothes Mentor or Plato’s Closet, you can sell your gently used items for cash on the spot or store credit. If you don’t want to bother going to a store there are online options like Thred Up. The only downside is items they don’t “accept” don’t get sent back to you to donate and get the tax break. So you miss out on the ability to donate or sell your stuff elsewhere.

What, Where, and How to Donate Your Stuff

For the stuff you don’t sell in a month, make a list of it all and donate to a certified charity. I know it may be tempting to just put it on the curb with a “FREE” sign, but by donating you can get a tax break. Next year when Uncle Sam asks about your donations, you can itemize the list and get the most back for your taxes.

In 2015 I ended up donating over $1500 worth of stuff throughout the year, I didn’t even realize it was that much until I added each item to the list. Chances are the tax break will be worth the gas it costs you to drive to the donation center and it really doesn’t take long.

If you really want to spread the love, instead of just donating your stuff to a general charity, consider finding specific charities.

For example, when I moved last year and decided to seriously downsize my book collection, I donated the books that weren’t worth selling, to the local library.

When You Need to Throw Out Your Junk

Anything that is broken beyond repair or severely stained should be thrown away rather than donated. Clothing that has holes or is completely worn out should also be thrown away. Check the donation centers guidelines for additional rules on what they will or won’t accept.

Wrapping it Up with a Bow on Top

No matter whether you decide to sell, donate or throw away your junk, make a plan so you whatever you do can benefit your finances as much as possible. If you are going to sell,the internet is a wonderful place to help you make some money. If you opt to donate for a tax deduction, then be sure it is a legitimate charity. Lastly, if you are throwing away a lot be kind to your trash man and try to make it as easy as possible.

Happy selling, donating, and throwing out!Any other ideas to get rid of your stuff? Let me know in the comments!

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How to Get the Most for Selling & Donating Your Stuff - Less Debt, More Wine (2024)

FAQs

Is it better to donate or sell your stuff? ›

If you need the money, make the effort to sell your excess—especially when it comes to big, expensive items. But if you do not need the money, just give your things away. Reselling your clutter adds time and energy, anxiety and frustration to the minimizing journey.

Does donating to charity increase sales? ›

In reality, incorporating a donation program into your business model contributes to increased revenue, customer attraction, and community building. And the best part is tax advantage. Here are five major reasons why donating to charitable causes can benefit your for-profit business.

Is it worth selling clutter? ›

Pro: You can make some money.

One of the biggest benefits of selling your clutter? You'll actually recoup some of the cash you spent acquiring all that stuff. Now, it's a good idea to go in with realistic expectations. Chances are, you won't recoup all of the money you spent on it originally.

What is a good donation amount? ›

I personally strive for 10% of my income, but giving is highly personal depending on your situation. I would suggest 10% is a nice goal to start with, but for some people, 2% could be good too.

Is it better to sell assets or goodwill? ›

For sellers, asset sales generate higher taxes because while intangible assets, such as goodwill, are taxed at capital gains rates, other “hard” assets can be subject to higher ordinary income tax rates.

How to downsize and sell your stuff? ›

Best Place to Sell Things Online
  1. Online Auction Sites. ...
  2. Amazon. ...
  3. eBay. ...
  4. eBid. ...
  5. Etsy. ...
  6. Bonanza. ...
  7. Craigslist. ...
  8. Facebook Marketplace.
Aug 28, 2023

What is the average monthly donation? ›

Monthly Giving Statistics

The average monthly online donation is $52 ($624 per year) compared to the average one-time gift of $128.

What charity raises the most money? ›

U.S. charities with the highest total revenue as of 2023

This statistic shows the 20 largest charities in the United States as ranked by their total amount of revenue in 2022. Lutheran Services in America was by far the largest charity, with total revenue of 23.28 billion US dollars for that year.

What are the trends for fundraising in 2024? ›

Diversifying Donor Engagement

One trend emerging in 2024 is the shift from reliance on big donors to mid-level and monthly donors, with a keen focus on next-gen preferences .

What is the 20 rule decluttering? ›

And during our last book tour, we made sure we didn't pack anything just in case. Then we tested our hypothesis: the 20/20 Rule. Anything we get rid of that we truly need, we can replace for less than $20 in less than 20 minutes from our current location.

What is the one touch rule for clutter? ›

Simply by dealing with an item immediately, whether it is your shoes, incoming mail, or your used coffee mug, less clutter will be created. One touch, one movement, equals less effort overall. This rule can also be applied when you are purging, editing, and organizing.

How do I start decluttering to sell? ›

5 Steps on How to Declutter Your House for Sale
  1. Start small and choose one area at a time. ...
  2. Phone a friend to help declutter. ...
  3. Rent a dumpster. ...
  4. Deal with electronics and hazardous materials. ...
  5. Edit each room from the buyer's perspective.

How can I convince someone to donate money? ›

Here are the top nine tips for asking for donations.
  • Understand that there's a process. ...
  • Start with existing connections. ...
  • Look to your past to improve your future. ...
  • Make non-monetary asks. ...
  • Be specific, direct, and authentic. ...
  • Give examples and demonstrate progress. ...
  • Understand that not everyone will say yes.

What is considered a large donation? ›

There is no industry standard for how much money counts as a major gift. Each organization must look at their own donation pool and decide what it means to them. For an older, more established organization it may be any gift over $50,000. For a newer, smaller nonprofit it may be a gift of $1,000 or more.

Do small donations make a big difference? ›

Smaller donations are still essential to the work of nonprofits, even if each one may appear comparably insignificant. While donating to organizations with smaller budgets and organizations that have not enjoyed significant infusions of cash from billionaires is a great option, don't let their gifts scare you off.

How to decide what to sell, donate, or throw away? ›

Assume you will throw everything away, and then choose only the best items to sell or donate. Continually ask yourself, “Will this item actually actually help somebody else?” This approach will save you time and ensure you are conscious and respectful with your donations.

Is it better to donate money or supplies? ›

It's often much more cost-effective and empowering to donate cash than new items. Nonprofits typically can purchase items they need in bulk, at a discount, and with less sales tax. For the amount you spend on a can of soup to donate to a food bank, that food bank could use those same funds to buy three cans of soup.

Does donating lower your taxes? ›

Charitable giving can help those in need or support a worthy cause; it can also lower your income tax expense. Eligible donations of cash, as well as items, are tax deductible, but be sure that the recipient is a 501(c)(3) charitable organization and keep your donation receipts.

Should I sell or donate toys? ›

If you don't desperately need the money, you should always donate to a local charity whose mission you believe in. The only exceptions are valuable items or large items you are unable to transport yourself. This is the solution that benefits the most amount of people: both you and the world around you.

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