Trading in your old model when you’re moving up to a new one can seem like a great deal at first, but you’ll often throw money away if you take this route. No matter what you’re trading in, the same fundamental principle applies: when you sell to a store or dealer, you’re forced to sell at a significantly lower wholesale price so the store can profit by reselling the item at retail price. When ...
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If something is not worth the bother, consider donating it to charity for the tax deduction.
Actually, Sprint will give you credit for your old phone- I got $25 or $30 for mine (which I got free). Possibly other phone companies have similar programs.
You need to donate a lot and keep the receipts if you’re giving away old items to charity. If it’s below a certain amount, you don’t get the deduction.
David, thanks for the tip about Sprint. I didn’t know that, and $25-$30 is not a bad deal at all.
Another important thing to keep in mind is that if you’re taking the standard deduction on your taxes (which is common if you aren’t a homeowner), you won’t get any tax breaks for charitable donations.
What is the price point when the fees for auction sites like ebay and paypal make it not worthwhile to list something?
BookMooch.com is great place for trading away those old books 1-to-1 for new ones. You just pay media mail shipping for your books.
I have a problem with selling CDs/DVDs on websites … what isn’t factored in is the time involved, plus shipping, packaging, and service fees. I’ve always found it to be much more of a hassle than just going to a couple stores trying to get rid of your stuff. I don’t believe it pays off except if you have lots of time to devote to it.
Oh, and these format may be going away soon, so strike while they’re still buying.
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