With just six weeks until Christmas, many Brits are feeling the financial pinch as they budget for gifts, festive food, and social events. The costs can spiral, making January a notoriously tight month. However, there's a simple solution hiding in your home right now.
Financial expert Vicky Parry, Editor of MoneyMagpie, explains that you can easily make an extra £250 for your Christmas fund by decluttering. Not only does this generate cash, but it also creates valuable space for new gifts and helps you start the New Year with a less stressful, organised home.
Unlock Cash from Your Wardrobe and Loft
Begin with a thorough wardrobe rummage. How many items have you bought this year that still have the tags attached? Brand new clothes, whether you changed your mind or simply forgot to return them, can fetch a significant amount of money.
To get the best price, take clear, well-lit photographs and include accurate measurements. List the chest width, length from the shoulder, and sleeve length. You can sell these items quickly on online marketplaces like eBay and Vinted, or take a larger collection to a local car boot sale.
The Surprising Value of Physical Media and Gadgets
Next, turn your attention to your old entertainment collections. Physical media like DVDs, CDs, and VHS tapes are experiencing a major comeback. Collectors and consumers tired of rising streaming subscription costs are keen to own physical copies permanently.
Special edition DVDs, particularly those with director commentaries and featurettes, can command a tidy sum on auction sites like eBay. Even standard editions are in demand. Notably, Disney Vault VHS tapes, especially the Black Diamond editions, can sell for over £200 if they are in mint condition, with standard versions reaching around £25 each.
For a quicker, hassle-free sale, you can take more mainstream items to shops like CEX. If selling online, always photograph the items before posting and consider recording a packing video to document their condition.
The vinyl record market is also booming. Driven by a desire for tangible media and special releases from artists like Taylor Swift and Yungblud, your old records could be worth a small fortune.
Don't Overlook Broken Tech and Creative Upcycling
One of the most surprising ways to make money is by selling broken gadgets. That drawer of old tech isn't useless; it's a potential goldmine. Old phones, laptops, and games consoles listed as 'spares or repairs' can net you a pretty penny. Tech enthusiasts buy them for parts or to repair and resell.
Finally, get creative with upcycling. Transform a standard item into a one-of-a-kind piece. This could involve embroidering old clothes or restoring thrifted furniture. With a small budget for materials, you can create unique items that make perfect Christmas gifts and sell for a substantial profit.
By following these expert tips, you can declutter your home and ensure your Christmas is merry, bright, and financially comfortable.
