Tuesday, March 2, 2010

Hot Tips for Finding "Cash in the Attic"

As we get used to a new economy, where credit is harder to come by and gas prices are unpredictable, many people are looking for just a bit more income to help cover expenses.

“Cash in the Attic” or “Couch Change” is my phrase for the undiscovered resources in your home. If you own it and don’t use it, it is very possible that someone else would be happy to pay you for it. Examples include sporting goods, jewelry, and gently used clothing. You can list your goods on eBay or Craig’s List or take them to your local consignment store.

An advantage and a danger to taking your jewelry and clothes to a consignment store is that you can also shop, finding quality clothes at discount prices. Just be sure that you aren’t spending more than you mean to!

A friend recently discovered a new area of “couch change”. In her divorce she had received savings bonds that seemed like such a small amount that it wasn’t worth tracking. As she gained more insight into her cash flow, that amount of money suddenly became useful.

So look around. There are resources in your house that you probably don’t see anymore.

I am often surprised by what people discover in their homes that is cash waiting to happen. Please feel free to share your thoughts and stories in the comments section below.

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