There’s money in your closet. It’s in your garage, attic and basement, too. Sure, you read stories all the time about people who’ve found hidden stashes of gold coins worth millions of dollars, and that’s also a possibility.
However, there’s also all the stuff you’ve been hoarding for years.
Ways to Find hidden money in your home
Finding hidden money in your home is simply a matter of looking at things in terms of their monetary worth as opposed to their sentimental value. Change your attitude in this regard and you could wind up with a nice pile of cash.
Consignment Stores
Too many people give things to Goodwill or the Salvation Army when they could’ve sold them at consignment stores. Now don’t get us wrong, we’re all for helping charities. The good news is that you can find items to sell and donate plenty of goods to charitable organizations.
There are consignment stores for furniture, appliances, clothing and other goods. Some are even online. Speaking of the internet, another way to go is offering things for sale on Craigslist and eBay. In fact, depending upon the nature of the item, you could stand to make more money holding your own online “garage sale.”
Take some pictures, write some descriptions and put them out there.
Somebody somewhere wants what you’ve got. And if you don’t receive any interest after a period of time, you can pack up those items and donate them to a local thrift shop.
Revisit Your Spending Plan
If you set a budget for yourself some time ago and you’re not getting anywhere with it, it’s time to see where adjustments can be made. Sometimes allocating more funds to one area and cutting back in another can help you find extra cash to help pay off a debt.
By the way, if you’re looking for hidden money in your home because you’re having trouble meeting your debts, organizations like Freedom Debt Relief have consultants on staff who can help you explore potential debt solutions. Consultations are free and you’ll pay only if they can settle your debts. You can also try talking to a credit counselor about your personal finances for more insights.
Take on a Boarder — or a Roommate
Got an extra bedroom in your home? Got money problems too? Bring in someone to help defray some of the expenses. That extra room is money in your home just waiting to be extracted.
Here though, you have to be careful to interview the person carefully to ensure you don’t open your home to someone who will turn it into their own piggy bank — or worse.
If you’re going to be away for a while, consider letting you home out as a vacation rental. You might make more money than you can imagine. However, do be scrupulous in your choices and vet carefully.
Many Happy Returns
Costco is noted for cheerfully accepting returns of merchandise with which you’re dissatisfied. We’re not saying abuse that policy, but if you’ve bought things you didn’t like and they’re just sitting around consuming space, return them for refunds.
Mainstream department stores like Macy’s and Kohl’s accept returns up to a certain point, while high-end stores like Saks, Nordstrom, Barney’s and Neiman-Marcus have more liberal return policies. Don’t be alarmed if you can’t find receipts. The stores can track purchases, as long as you still have the card(s) with which you made them.
Again, finding hidden money in your home is largely a matter of changing the way you think about your house and its contents. Money is just lying there waiting for you to pick it up, even if you don’t have jars filled with gold coins buried in your backyard.
Look around; you’ll be pleasantly surprised.
Featured Image Source: Pixabay
