Sell what you own to create a rainy-day fund

Most people in the UK are concerned about money at the moment. The CoVid crisis has hit many families hard, especially financially. Sadly, around 170,000 retail staff have already lost their jobs. Even those that had what were considered to be secure jobs, before the crisis, are now quite worried about losing theirs.

If you do not currently have enough money in the bank to cover your expenses for a few months, it is well worth trying to sell some of the items that you no longer need. Doing so will create a bit of breathing space should the worse happen and you find yourself without a regular income. Here are some of the things you could sell along with some suggestions to help you to secure the best price.

Sell items that are made from precious metals

Selling items that are made from gold and silver, when the price is high, is a particularly good way to raise funds. You can now easily sell your scrap gold online. The fact that you can do it online means that you are not stuck accepting the price your local jeweller or pawnbroker offers you. Many of these firms will accept relatively small items, and some will even buy less than an ounce at a time. So, you do not have to own much to be able to take advantage of this opportunity.

Sell some of your clothes

A lot of us are now working at home. Either 100% of the time or most days. This means that we no longer need some of the more expensive items that we have hanging in our wardrobes. It is surprisingly easy to turn those items into cash. You can find out about several of the ways you can do exactly that, by clicking this link.

Sell your old games and electronics

Most of us have old phones, gaming consoles, smartwatches, fitness gadgets, PCs and laptops laying around. It is surprising how much you can get by selling those. This recent article lists some of the best places to sell them.

Remember to shop around to secure the best price

Whichever items you decide to sell, take your time. Each platform has its own worth when it comes to selling products online. For instance, if you happen to use eBay as a means to sell the goods, you can check out the fee calculator that certain websites offer (find more here). It is worth spending a few minutes while watching Netflix scanning barcodes in or keying in the details to get quotes from a couple of firms. You will be surprised by how big a difference there can be when it comes to what each firm will pay.

If you have a classic, rare or specialist items to sell, take things a step further. Often, you can secure a better price by approaching those that find them particularly desirable. For example, if you have vintage clothing items try selling them to retailers who specialise in those items.

Doing the above will not take you long or require a lot of effort on your part. Once you get used to doing it, you will be hooked and will never leave old items lying around just gathering dust again.