How to make money with unwanted gifts

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<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "This article originally appeared on GOBankingRates.com: How to make money with unwanted gifts"data-reactid =" 22 "> This article appeared originally on GOBankingRates.com: How to make money with unwanted gifts

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "It is more than likely that you end up finding yourself with At least one gift you do not want this season – and you are in good company.About $ 380 billion worth of goods are returned each year, according to Optoro's research, much of which occurs during the holidays. year, $ 90 billion of holiday shopping "data-reactid =" 23 "> It's more than likely that you end up with at least one gift you do not want this season – and you're in good company – nearly $ 380 billion worth of merchandise Optoro, much of it occurs around the holidays, last year $ 90 billion worth of holiday shopping have been returned.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Rather than let these gifts take dust in a closet , think of turning them into something useful – a nice wad of money is better than a nasty Christmas sweater, right? Read on to find out how earn money with these unwanted objects hanging around your house. "data-reactid =" 24 "> Rather than letting these gifts take dust in a closet, consider turning them into something useful.A nice wad of money is better than one. naughty Christmas sweater, no? Keep reading to find out how earn money with these unwanted objects hanging around your house.

Return unwanted gifts

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "If you have an unwanted holiday gift, the first thing to do is check the retailer's return policy. "data-reactid =" 26 "> If you have an unwanted holiday gift, the first thing to do is check the retailer's return policy.

"If you are looking to get the most money possible for unwanted gifts, your best bet is to return them," said Paul Moyer of Saving Freak. "Places like Walmart, Target, Kohl's and others [stores] you will return items in exchange for a gift card. "

If you do not have a receipt, many stores will exchange merchandise or issue a credit based on the lowest selling price for the returned item – taking into account all promotions, discounts, offers, free articles and coupons possibly applied. Keep in mind that once these considerations are taken into account, the value of your return could be significantly reduced.

Sell ​​gift cards online

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "If you do not think that you will use a gift card at the store, you can turn around and sell it for real money"data-reactid =" 30 "> If you do not plan to use a gift card at the store, you can turn around and sell it for real money.

"If you receive a gift card at a store that you do not use, you can get up to 92% of its value by using gift card sales services, such as Cardpool," he said. said Moyer.

Video game business on the play area

Exchanging your unwanted holiday gifts is a great way to satisfy your bargain hunter while scoring the points you really want. You'll get better results if you stick to barter sites that specialize in specific items. So avoid those who say everything.

Game Trading Zone specializes in trading video games and game accessories. Users deal directly with each other and the purchase, sale and exchange of items are free.

Swap paperbacks on PaperBack Swap

PaperBack Swap is ideal for exchanging novels you do not plan to read. The site uses a credit system, so you do not sell anything for cash. Just list your unwanted books and use the credits you receive to get new ones.

Trade on Swap.com

As a custodian of a range of items, this site offers a wide range of children's items, including toys and clothes. You can exchange all the gifts your children have for the holidays and not use these items for things they really need and want.

Sell ​​on eBay

<p class = "web-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Also known as" global online market " eBay is a popular way of make money online and has an extensive network of users. As a result, you are more likely to find buyers for more unusual items than on other sites. "Data-reactid =" 40 "> Also called" global online market ", eBay is a popular way to make money online and has an extensive network of users. As a result, you have a better chance of finding buyers for more unusual items than on other sites.

Note that, thanks to the wide range of products offered on eBay, it is also easy for your object to get lost in the crowd. In addition, you will pay a commission to the seller, calculated based on the total amount of the sale.

Sell ​​on Poshmark

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Poshmark is used exclusively for sale of clothing and accessories. Just download the free app and you are about to make money with your unwanted fashion items. "Data-reactid =" 43 "> Poshmark is used exclusively for sale of clothing and accessories. Just download the free app and you are about to make money with your unwanted fashion items.

Shipping charges are the responsibility of the buyer, but sellers must pay fees ranging from a lump sum of between $ 2.95 and 20% of the total amount. the sale.

Sell ​​on Craigslist

Craigslist is one of the most popular sites for selling your unwanted items. It's usually free to list your items, but sellers have to face buyers face-to-face to exchange money for goods.

Sell ​​on OfferUp

A mobile-only application, OfferUp is a hybrid of Craigslist and eBay with a local twist. Buyers are looking for items close to them and all communications are kept in the app, so you do not have to give your personal details. You must always meet the seller in person to exchange goods and money.

Sell ​​on Letgo

Letgo is similar to OfferUp, but users join groups of local sellers. Items for sale are published in the app, users can exchange messages and the seller does not pay any fees because the transactions are done face to face.

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Sell ​​on the Facebook market

Facebook Marketplace makes it easy to sell products in the local market. You can use Facebook Messenger to communicate with real people in your area and avoid spam and phishing attempts.

Make a donation

If you prefer not to have to deal with the hassle of trading or selling your unwanted holiday gifts, giving them to an organization of your choice is a great idea.

<p class = "canvas-atom-text-canvas Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "If you're wondering how to know if your gift is tax-deductible, it is important to note that a non-profit organization must be approved by the IRS. However, most religious and educational organizations are eligible, as well as many volunteer groups, savings stores and animal rescue. "Data-reactid =" 60 "> If you ask yourself the question how to know if your gift is tax-deductible, it is important to note that a non-profit organization must be approved by the IRS. However, most religious and educational organizations are eligible, as well as many volunteer groups, savings stores and animal rescue.

Make a donation to Goodwill

Whether you are cleaning the closet or unwanted gifts, Goodwill accepts new items – and those that have been used nicely – ranging from jewelry and DVDs to electronics and small power tools. You can also request a tax receipt to detail the deductions for your federal tax return.

If you decide to donate your articles, make a list of what you have given, the dates they were given, and the organizations that accepted them. In addition, you can only deduct the "fair market value" of the items, which will likely be less than the price of the unwanted gift. This is nevertheless an easy way to turn your unwanted donations into tax savings while helping a commendable cause.

Give shoes to Soles4Souls

The shoes you do not want can create an opportunity for someone else. Soles4Souls creates sustainable jobs and provides relief through the distribution of shoes and clothing around the world. Visit Soles4Souls to learn how to donate.

Have a garage sale for charity

If you do not want to spend time sending unwanted gifts to non-profit organizations and organizations, you can organize a garage sale and donate the proceeds of the sale to your charity. choice. You can expand your charitable efforts by recruiting neighbors and friends to donate unwanted Christmas gifts.

Donate toys to Toys for Tots Foundation

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "If your child has received a duplicate gift, consider The US Children's Toys for Tots Foundation accepts new and unwrapped gifts at donation centers or by mail Donation sites are located throughout the country – visit their website for more information how to donate, then you can ask for the donation of your taxes to recover money. as a deduction. "data-reactid =" 69 "> If your child has received a duplicate gift, consider giving it to another child who was not so lucky.The Toys for Tots Foundation of the United States Marine Corps United accepts new and unwrapped gifts at donation centers or by mail, donation sites are spread all over the country – visit their website to learn how to donate, and then you can claim the donation of your taxes for recover money. as a deduction.

Give clothes to a shelter for the homeless

Many homeless shelters, such as Urban Street Angels, are 501 (c) (3) non-profit organizations. Your donations of unwanted clothing could be tax deductible.

Give toys and children's clothes to a local foster home

Generous organizations and people have created homes for host families. Cupboards consist of donated items such as clothing, toys and personal care items to offset the cost of new clothing and other necessities for children in care.

Give food to a soup kitchen

If you have received non-perishable foods that you will not eat, consider donating to a soup kitchen, a youth or senior's center, or a food relief program.

Give electronics to an underfunded school

With cuts in the funding of public education by the government, many schools are struggling. If you have electronic devices that you do not want or need, consider contacting a PTA organization near you to find out if they need your items.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Be like Buffett: Warren Buffett and 14 other stars who donate to charity"data-reactid =" 79 ">Be like Buffett: Warren Buffett and 14 other stars who donate to charity

Donate costume jewelry

I Have Wings, a non-profit organization specializing in breast cancer, always accepts donations of any unwanted costume or jewel of the domain. The non-profit organization will also send you an income tax receipt and attach it to your detailed list for all donations received.

Give unwanted video games to hospitals

Child's Play Charity donates video games to hospitals. You can also sell your video game consoles on eBay and donate 100% of the product to Child's Play.

Send gifts to the troops via AdoptaPlatoon

AdoptaPlatoon is an independent charity dedicated to supporting troops overseas. You can send gifts to service members, even if you do not know them personally. These gifts illuminate the season of soldiers stationed far from home. You will pay less tax when you claim the gift as a tax deduction.

Save gifts for regift

Regifting is a great way to save money, but do not throw away all the basic labels. As a general rule, you should only rectify something if you want to go to the store and buy for that person.

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "If you keep a" cupboard of regifting ", keep track the original recipient to avoid accidentally redirecting an item to the donor, such as books in excellent condition, small household appliances, candles, unopened wine bottles and board games. ideal items to save and regift. "data-reactid =" 89 "> If you keep a" closet of regifting ", keep a record of the original gifter to avoid accidentally registering an article for the donor, things like books in excellent condition, small appliances, candles, unopened bottles of wine and board games are ideal items to save and regift.

Give to a friend (with full disclosure of regifting)

It's good to repeat with full disclosure that the article will not be used by you. You can submit an article with the mention "I thought you might like it", and your attention and generosity could be even more appreciated than if you had bought it.

Give to a senior care facility or an elderly neighbor

Seniors without families nearby may not receive anything for Christmas. Your attention to giving them a gift could be a daily brightener for them.

You can even tell them it's a regift – they will probably appreciate your genuine honesty. Soften the regift by spending some of your day with them too.

reappropriated

With a little creativity, you can give unwanted gifts a new life and a new use. With a few scissors cuts, you can change an unwanted scarf into a camera strap or purse accessory. A t-shirt can be reused in a tank top. Visit DIY & Crafts or Pinterest for many other clever ideas.

How to offer fewer unwanted gifts

Knowing the difficulties of returning gifts and restrictions imposed by many stores, consider including a gift receipt when you offer gifts. Or, simply give a gift card to your loved one to allow him to choose something for himself. Also, consider the benefits of charitable donations – and donate charitable donations on behalf of your loved ones. You will not have to deal with them to regtift your gifts.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Click to learn more about 30 gift ideas for tight budgets. "data-reactid =" 99 "> Click to read more about 30 gift ideas for tight budgets.

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