Budgeting Tips to Get out of Debt and Build Wealth

We’re selling lots of stuff to start attacking our bills and get the debt snowball rolling.  As Dave Ramsey says (he has the best one-liners), we are selling off so much stuff that the kids think they’re next.  (I’ve definitely got my eye on some of the toys they haven’t played with in a while.)  All the books we have been keeping in our “personal library” are on the chopping block.  So are some pieces of art that have been stuck in a box in the basement (we won’t miss them), a few collectibles, CDs and DVDs, computers and printers, all this stuff that we’ve been holding on to (why?!).  It’s kind of exciting to think we can get a jump start with paying off our first bill.

I thought it would be kind of fun to keep a running list of things that we sell off, so I’ll stop back and update this one from time to time.

Dollar amount sold to date:  $6,263.51

Date          Amount      What We Sold

2/2/10      $   104.51         Internet Training DVDs (eBay)
2/2/10      $   159.00        Computer monitor (warranty replaced broken one and we sold instead of used) (eBay)
2/5/10      $6,000             2002 Pontiac Bonneville (my dad bought it)

We are putting lots of stuff up for sale on Half.com and eBay, as well as advertising some larger items (furniture, storage shelves etc.) locally.  So this will be growing frequently.

Posted By: Becoming Debt Free - Paying Debts, Selling Stuff to Pay Off Debts by Darcy