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Posted on Apr 9, 2013 | 0 comments

Sell Your Stuff to Get Out of Debt

Sell Your Stuff to Get Out of Debt

Remember last week when we posted our 10 Financial Tips to Get Out of Debt Quicker ? Number 9 was to sell your stuff to get out of debt. Guess what we’ve been working on this week?

It can be hard to let go of possessions. There’s always something that you can come up with to make yourself keep something. A while back we were talking to someone about getting rid of things and they replied that is was a good idea to get rid of things unless it fell into one of three categories. 1. It had sentimental value. 2. It had a use. 3. You might need it someday. Wait, what? Doesn’t every item fall into one of those three categories? That sounds like an excuse to not have to get rid of anything.

Getting Rid of Possessions to Travel

I think about how I plan to get rid of almost everything before we leave and then Drew will ask me about a certain object, such as my bike, and my first instinct is to say no. Then I think we are going to be gone for years and it would cost me more to store my bike than it would be to get another one later on. It’s so easy to get caught up in our processes and never want to let them go. Yeah, I’ll be getting rid of my bike, too. It’s a pink Schwinn cruiser bike, if anyone’s interested.

Since we have a couple years before we are leaving we have lots of time to sell our stuff. We started working on it now for two reasons. First, it helps unclutter our house. Second, it will help us pay off our debt sooner. The sooner we pay off our debt, the less debt we pay in extra interest charges. As an added bonus, it also gets us saving for our the life we want to live a lot sooner.

Start with Collections

To start off we started going through our ridiculously huge tiki mug collection. We now have over 100 tiki mugs to sell. And that’s just the first round. There are still hundreds more. We will have a round two and most likely, three on those mugs, as well.

Next we moved on to our dishes and serving wear. I’ve had Fiestware dishes since I was 19 years old. I’ve bought every color that’s come out between now and then. I went through and kept only my very favorite colors and put the rest in the for sale pile. There are many sets of colors that haven’t been made in over 10 years sitting in our for sale pile. Those will make some Fiestaware collector very happy.

We’ve also got a large pile of serving wear perfect for anyone into Mad Men parties, Mid-Century Modern, tiki and/or a love for the 50s and 60s. Even more will be added to our for sale pile this week with more kitchenwares, books, tiki and hats. Now that we’ve started our for sale pile, there’s nothing that’s going to hold us back from selling our stuff to get out of debt. What’s holding you back from selling your stuff?

How We Will Sell Everything to Get Out of Debt

How are we going to be selling our items, you ask? Good question. Our friends and family have first dibs. They’ve been coming over to our house and picking out what they’d like. Next we will be listing items on eBay, Etsy, Craigslist, letting different Facebook Groups know and having a garage sale. It will be a bit of work, but it will be worth it each time we see our debt amount go down from selling our stuff. We’ll also be sure to post here when these items are listed for sale on-line. Do you have any additional ideas for where you can sell your stuff?

Would you sell your stuff to get out of debt?

About Kimmy Hayes

Kimmy Hayes is the founder and editor-in-chief of AfterGlobe; a site on becoming debt free and traveling the world as a married couple. In 2012, she planned and coordinated her own do-it-yourself destination wedding on the beautiful island of Maui while serving as a moderator for the on-line community, The Knot. She is passionate about traveling to experience new cultures, snorkeling the waters of the world and reading with her toes in the sand.

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