Getting rid of your stuff and decluttering can raise somewhat hard questions. When I have something I want to get rid of, Should I sell or donate it?
WE could all use that extra money!
Selling your stuff can help you earn some extra money for your next trip! But it isn't always sunshine and rainbows.
The CONS Of Selling Stuff!
When you are looking at items you want to sell, You'll need to look up how much they are SELLING FOR, You can check Ebay to see if people are bidding on them, Or you can check Amazon and see if it's a popular item. If the item is not selling, You may not be able to sell yours.
You Don't Get What you paid for it!
Instead, You get what people are WILLING TO PAY FOR IT. It doesn't matter if you paid 1,000 for it. If it's selling online for only 10.00, you might be out of luck. So you have to decide if you'd rather donate or sell it.
You May Not Make Anything
You can sell your items on websites like eBay, Thred up, Mercari, Tradesy, Facebook, and Amazon. If your item is a lower priced item, The fees from these sites may overpower what the item is even worth. Leaving you with nothing, Then you miss out on that potential tax deduction you COULD HAVE gotten by donating it anyways!
Time Consuming
Have you listed stuff before? It's one of the most time consuming things ever. They sometimes ask so many questions about your product. You have to decide how much your time is worth to decide if it's worth listing. If you have 100's of cards, It may be better to bundle them. Sometimes you get more money that way.
Also it will be less time consuming.
The Pros of Donating
The obvious pros of donating, Is that you help others. Directly or indirectly. The non profits, May resell your stuff to provide food to the homeless. Or they may give the items directly to the homeless.
Less time
Throw all your stuff in a bag, And get rid of it. I love the thought of that. My time is valuable and I don't always want to sell the lower priced items.
Tax deduction!
You can usually claim a tax deduction for these donations! This will help you save money on your taxes, So it's kind of like you getting money!!! Make sure to check into your countries laws to see if it's allowed. Usually, it's market value, So Basically what someone would pay for it.
Get Rid of More Faster!
Getting rid of things faster is easier!
You don't have to have items you no longer want "sitting around" until they sell. Instead, You can take it into your hands and make them disappear right away!