Five Things Retirees Can Sell to Make Extra Money
Let’s face it, life is expensive these days. It can be especially challenging for retirees living on a fixed income. Fortunately, there are a few things you can do to put more money in your pocket.
An article by Investopedia explores how downsizing during retirement can help simplify your lifestyle, lower expenses, and even create extra income. It explores five things that retirees can sell when downsizing to a smaller home to strengthen their retirement savings:
Furniture – You might find yourself with furniture you no longer need or have space for. If it’s in good condition, consider selling it at a local consignment shop or on sites like Facebook Marketplace.
Exercise equipment – You may want to sell your treadmill or exercise bike and invest in a gym membership. Many health clubs offer senior discounts. They also promote socialization, which is important as you age. Besides exercise programs, health clubs also have classes in nutrition, cooking, healthy aging, and more.
Work clothes – Good quality suits and separates can be sold to earn back some of the money you invested in work attire. The article suggests using sites such as eBay, Poshmark, or Mercari. If you have designer clothes, handbags, and accessories, you can sell them through websites like The Real Real.
Electronics – Retail stores like Costco and Best Buy accept some used electronics, like laptops and cell phones, usually paying you with store credit or gift cards.
Children’s toys – When downsizing, you might discover closets filled with children’s toys. Instead of tossing them, take some to a local children’s consignment store and see if you can make a little cash — just make sure they are in good condition, with no broken or missing pieces.
The Seniors Trust is committed to improving the well-being of older Americans. We are doing that financially by encouraging lawmakers to enact the Social Security Expansion Act. This landmark piece of legislation will give retirees an immediate increase of about $200 a month in benefits, a fair annual cost-of-living adjustment (COLA), increased minimum benefits, and ensure the long-term solvency of the Social Security program.
