One report says that 48 percent of Americans consider their homes to be at least somewhat cluttered with items they no longer use, and 72 percent believe they would gain more space in their homes by purging unused items.
John H. Savin of Savin Wealth in Florida recommends taking a look around your home and find things you are no longer using. If you haven’t used it in six months, it’s a likely candidate you for being something you could sell.
"My 2-year-old son doesn't use his swing anymore, so I sold it on an online reseller site. In a week I sold it for $70," Savin said. "Do this with several items and $500 is an easy target."
Andrew Housser, co-CEO of Freedom Debt Relief, says to take a realistic look at your hobbies, which can cost you as much as $50 to $100 a month on average.
"If you can afford it and you actively participate in the activity, great. It not, though, if the equipment is sitting unused," Housser said. "If you have not touched your projects in more than a year, consider selling the supplies and equipment."