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Home Success Money

How To Make Money Out Of Your Old Possessions

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By Melissa Kehagias the Money Maven


Strapped for cash? Your drawers and cupboards could be the key to that extra boost your wallet needs. RESCU’s Money Maven has brought you some great ideas to help you turn your old possessions into cold, hard cash. And as a bonus, you’ll free up some space in your drawers and cupboards for your future purchases.

Semi-precious jewellery: Dig through your drawers and jewellery boxes and pull out all those precious gold trinkets you were given when you were a child but no longer wear. It’s time to cash it in and pass it on to someone else who will take better care of it.

A great site for cashing in your gold jewellery is goldexchange.net.au. You can give them a call, send them a letter or pop into their Sydney based store. They’ll have your gold valued and you can decide whether or not you would like to sell it.

Old mobile phones: There’s no point in your old mobile phones lying around feeling unloved. Instead, consider recycling it!

Mazuma Mobile will help you out with this and you can even enter your phone’s model on their site to get an immediate valuation. Send it off and wait for your cheque to be delivered.

Ancient electronics: Old computers, laptops, CD players and game consoles can actually make you quite a bit of money if you’re willing to part with them. 
Ebay is one great way to sell your electronics online, people purchase them for spare parts or collections and will even buy broken electronics just for the fun of fixing them.

Another great place to cash in your old electronics is Cash Converters. Simply take your item into one of their stores, have them value it and you could walk out with a pocket full of cash then and there!

Unloved clothing: Spring is a fabulous time to go through your closet and dispose of those once-loved clothes that you haven’t worn in years. Give them all a good wash and consider holding a garage sale and creating a little change room to allow your customers to try them on. Alternatively, you can head the 21st century way and sell your items via Facebook. You can make yourself a page, take photos of each item, list the price your asking for and a short description and then share the page with your friends! 

Used books and DVDs:
As long as your DVDs haven’t snapped in half and your books aren’t in tatters, you can make money out of possessions that you no longer use. Older books and DVDs that are hard to come by now can quickly be snapped up by a desperate shopper, and Ebay is probably the best way to sell these. Take a photo of your product or find one online, make sure to list its publication or release date and give it a reasonable price. Cash will be flowing in no time!

Happy selling! Money Maven. x

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