Ask the Finance Expert
Farnoosh Torabi answers questions on the hot topics and gives advice for shopping and saving.
Cash for Goods
MHI: You advocate looking around the house for things to turn into cash. What are the top three things to look for?
FT:Unworn clothing. Designer label clothes, handbags, and lightly worn shoes from your closet -- preferably with their tags still on -- price well at upscale consignment shops. Consigners can earn up to 50% of the resale price.
Old toys. With more than 600,000 auction listings on eBay, old-school toys, board games, and dolls are in demand.
Loose change. America could be $10 billion richer ($90 per household) if it simply cashed in all the loose coinage lying around, according to Coinstar, which operates coin machines in more than 15,000 supermarkets worldwide.
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