Make Money by Giving Away Clothes for Free?

I am not kidding, the title doesn’t lie.  That is absolutely what happened to me a few weeks back.

I have been trying to get rid of superfluous items in my life and that includes clothing.  I don’t know if i could ever give up as much as Colin has over at Exile Lifestyle and have such a small wardrobe, but i think a good purge every once in a while is a satisfying experience.  Most recently, i was cleaning out my closet and stuffing items into a garbage bag for when i would eventually bring them to Goodwill.  I am not sure why, but for some reason i felt the urge to check the pockets in one of my old pairs of jeans.  What did i find, 2 slightly laundered Andrew Jackson’s!  I was giving away clothes for free, and all of a sudden i was $40 bucks richer.  There was no better story i told to friends for the next few weeks.

It may seem like a waste of time, but think about it; if you are giving these clothes away, odds are you haven’t worn them in ages.  Do you really remember if those pockets are empty from the night you went out clubbing 8 months ago?

Be smart, check your pockets, then donate those items.

21 Responses to Make Money by Giving Away Clothes for Free?
  1. J$
    July 13, 2010 | 10:41 am

    Brilliant! And to think I had to wait an entire month to read something of yours 😉

    Btw though, that link you have up there is killer! Just spent a good 20 mins reading through a lot of Colin’s posts…blown away. Makes me want to go out and sell everything right now.

  2. Financial Samurai
    July 17, 2010 | 1:21 pm

    Welcome back Brian. Where on earth have you been?

  3. Fred @ One Project Closer
    July 19, 2010 | 8:14 pm

    Kim (my wife) and I are avid donors of clothing and other household goods. We itemize everything with ItsDeductible (Intuit’s TurboTax companion) every year… usually takes about 4-6 hours but we end up writing off more than $1000 in stuff, which equates to significant money on the bottom line. Our method is to take pictures of everything we donate, name the picture files what is being donated, and print out an “index” of them and keep it with the receipt. Makes every donation a potential windfall come tax season :-)

  4. Adrian @ PIN
    July 19, 2010 | 9:33 pm

    You’re so rich that you just got $40 laying around all over the place eh? Now I’m tempted to go through all of my stuff.

  5. chandu
    September 25, 2010 | 1:48 am

    not so bad?

  6. Rich Girl
    November 26, 2010 | 9:43 am

    I had the same situation one day. I wanted to get rid of my jeans and handbags. I checked all the pockets and became $100 richer after just 2 hours of doing this. So, yes, do check all your pockets before giving away your things.

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