Could you make an extra $4,200?

Gumtree did a survey to find out how much unwanted stuff Australians have. The answer was $4,200 of per household. That's a lot of money to be tied up in items that we don't even want.

Across Australia this adds up to 34 billion dollars worth of unwanted stuff. $34,000,000,000! That's a lot of stuff just sitting around.

It's probably even more

The survey said the average household has 25 unwanted items. So far my wife and I have sold more than 300* items, with another 60 already listed and more items still to be added. Surely 25 items per household is just the tip of the iceberg.

What do you think?

How many unwanted items do you have at your place? Do you reckon it would be more that 25?

People are cashing in

It's estimated that 100 million items were sold second-hand last year. Millenials are leading the way making almost $2000 per person.

In the last year 56% of Aussies have sold something second hand, including 1.3 million people making their first online sale.

Tips for making thousands

If you'd like to turn some of your unwanted possessions into money, you might like my free ebook Less Clutter More Cash. It's a collection of tips that we've learnt in the process of selling more than 300 of our unwanted items. Hopefully it can help you too.

PS. See my related post 4 Reasons to sell unwanted items

*Update: We've now sold 557 items. So the 25 per household seems to be quite a conservative estimate.

Comments

How to waste a year's wages

A friend recently asked me why it is that so many people (on good incomes) are struggling to save. Often the big three money areas are housing, transport and food. In one sense these are necessary items. But what we spend on them is often way more than necessary. I crunched some numbers on how much extra my wife and I could spend on these things - if for some reason we wanted to burn our money. 1. Housing Our apartment is fairly nice, but also cost-effective. I've mentioned how choosing it saves us $1,800 per year , compared to a similar one we saw. The high end of 2-bedroom apartments in our suburb is $305 per week more than our apartment. Not $305 per week. $305 per week more than ours is. I cannot get over that. Sure it's new and modern-looking, but that's a lot of money. It's an extra $15,860 per year above what we pay. 2. Transport The Australian Automobile Association lists the costs of owning and running a car. It includes many often-overlooked c...

Colour me happy

One of the great things about reducing possessions is thing called 'helper's high' . It's that fuzzy feeling you get from helping someone else out. I got one recently by helping an old man lift heavy groceries into his car boot when he was struggling. But this is not about that. I was about to put some watercolour paints online for anyone who wanted them. Then I remembered a local community group where people do art therapy. I gave the paints to a contact who passed them on to the group. The next day my contact called me to say how much they were appreciated. One of the participants wanted to do some watercolour painting, but couldn't afford the paints. When my contact walked in with free paints the participant was overjoyed to be able to do her art. As far as 'helper's highs' go, this was a slightly removed one - I never met the actual person I helped. But still it was a buzz.

The real cost of owning a car

It's been about 10 years since I've owned a car. My wife doesn't own one either. "You must save a lot in petrol" That's one of the frequent reactions when someone discovers we don't own a car. "Of course, but it's just the tip of the iceberg" is the usual theme of my reply. Many people I've talked to just aren't fully aware of the real cost of owning a car. Or even that there are six different costs of owning a car. Six? Really? Yes. Occasionally a work colleague or friend will boast their car only costs $X per week. Of course it turns out only some factors have been counted. Sometimes it's just petrol alone. To some people, that feels like the only cost they pay each week. Why does this matter? You might be questioning the need for a second car in the household (or even having one at all). Or you might just be choosing which car to get next. Either way, to make an informed decision we need proper information. So let's look at...

But wait... there's less!

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