Earn Extra Money to Pay Off Credit Card Debt With a Garage Sale

Are you tired of feeling like you're in over your head with credit card debt? Do you wish you could come up with some extra cash to lower that burden? Why not consider doing that with a garage sale? While I'd never heard of it before, apparently this Saturday (August 11th) is National Garage Sale Day. It falls on the second Saturday of August each year. And it's the perfect time to think about making a bit of extra money by unloading some of the clutter in your life.

Let's talk about why this can be a good way to earn some money you can put toward debts, and look at a few tips for a successful garage sale, whether you have it this weekend or not.

Why Now is a Good Time for Garage Sales

Back to school season is upon us, and that's one of the big reasons August is such a good time for families to earn some extra money with garage sales. You're likely purchasing new school items and clothing, which make some older items obsolete (or just wasting space).

By holding a garage sale you and your family can work on the one-in-one-out policy of letting new items replace old ones rather than adding to clutter around the home. The weather in many places is also starting to cool down a bit (after record heat waves all around the country last month). So it's a good time to be out in the neighborhood, both buying and selling.

Garage Sale Tips to Earn More Money

Here are a few simple tips to help you maximize your garage sale earnings so you can bring in more cash to put toward your credit card debt.

  • Advertise around the neighborhood. Put up signs (if it's legal where you live). Spread the word among neighbors. Or even place a free classified ad if you have a local publication that allows for them.
  • Consider making your garage sale a neighborhood effort. Having multiple garage sales or yard sales on the same day can drive more traffic to all of them.
  • Make sure you can accommodate parking. If there isn't much parking near your home, see if some of your neighbors will allow buyers to use their driveways or park in front of their homes for a few hours that day. If they can't park, they can't get to your garage sale.
  • Put one person in charge of pricing and haggling. This way you won't miss out on a deal because a family member didn't know how much something was worth.
  • Think twice about selling pricey items at your garage sale. Look into things like classifieds and online auctions too. You might be able to get more money for those things outside of your local market (assuming it's something you can deliver).