When To Sell vs. When To Donate Your Stuff

There comes a time in many people’s lives when they have a lot of stuff but not a lot of money in their wallets. At this point, it’s almost a no-brainer—it’s time to start selling your possessions. However, it’s not always so simple. Keep a few things in mind when considering when to sell vs. when to donate your stuff. Selling may not necessarily be that beneficial, and your old items could still do some good in the world.

How To Know When To Let Go

If you look around your home and see more clutter than open spaces, it’s time to let go of a few things. Not only is all that clutter bad for your physical and mental health, but you could also put it to much better use than simply letting it sit around and collect dust. When looking at something you own brings more feelings of guilt than it does happiness, you’ve found the first thing you need to purge.

When Should You Sell?

Selling your old and used items is a great way to recoup some of the losses you incurred in buying them in the first place. Knowing if something is salable is all about understanding its value to others—not its value to you. You should sell an item if you know that the price you’ll get for it will outweigh the time and money you’ve already invested in the sale process. If you’ll need to spend a lot of time finding a buyer, and you don’t think you’ll get that much for it, it’s not worth the effort. You can also expect items in excellent condition to sell much better than a heavily used one.

When Should You Donate?

When you donate, you need to understand that anything you get back from it will be intangible. If you want to give something a new life with someone else, donating it is the perfect option for you. It’s also a good option for those who want to help people who are less fortunate. Be wary of donating items that you know still have a lot of monetary value, especially if you’re in dire need of extra cash. Another thing to consider is how much use the object has seen. The further away from mint condition it is, the less you’ll get from selling it, and the more likely it is that donation is your best option.

Knowing when to sell versus when to donate your stuff is a skill that you’ll develop the more you do both. GreenDrop understands the struggle of this decision. Our programs, such as our clothing donation center in Wilmington, DE, are the perfect place to drop off the clothes that aren’t really worth selling again.