Got a stuffed closet? Want to refresh and renew your wardrobe without feeling like you wasted money on all those clothes? Then consider reselling your clothes instead of donating. There are a lot of great ways to get some money back on your pre-owned closet.

To start the process you have to look at your clothes! Make 3 piles; throw out, donate, and sell. Throw out anything that is too defected, ripped, and stained to be worth saving. Donation is best for the fast fashion clothes that can make up part of your wardrobe. Anything that wasn't worth much when you bought it probably won't be worth much when you resell it. Finally the sell pile is what you're looking to make a profit off of. This means it's fashionable, in good shape, and comes from a desirable brand. You won't have much luck selling cheaper, stained, or ripped old gear but if you have something with potential then here's what to do.


Once you have your sell pile, you can decide what to do next! Certain websites will want you to take pictures of the clothes you're donating. This can be a crucial step for successful selling. Make sure the photo is well lit and the focus is on the article of clothing. Arrange is against a solid background and make sure you're not casting a shadow. Hanging something up in front of a closet door is always a good starting point. If you're wearing it for the photo then make it as fashionable as possible while still focusing on that particular item.


These are some great resources for selling clothes!

Consignment Shops

buffaloexchange

The oldest method is to search your area for consignment shops. There are different kinds so while you might be tempted to just dump stuff off at your local goodwill, consider looking for more high end shops. Stores like Buffalo exchange will give you store credit which can be great if you're looking for a wardrobe refresh. High end vintage and consignment stores might be looking for more fashionable clothes; no gap or forever 21 shirts from last year and no prom dresses from the 80s. This means physically going to the store which might not be worth it for you if you're busy.

Thredup

thredup

ThredUp is great for someone on the go. I'm looking at busy women who are looking to get rid of their kid's clothes or their own. They work with a clean out kit. You send them your clothes, they evaluate them, and they are either accepted or rejected. Acceptance means you can get paid immediately 'up front' and they're posted up on their website, or it could mean waiting awhile for a more unique 'consignment' item to sell. Rejection means they don't have much interest and you can choose to leave those clothes behind or get them returned. You can choose store credit or a pay pal money transfer.

Instagram

#shopmycloset

Do it yourself with the hashtag #shopmycloset. There are tons of people using this hashtag to skip the retailers fees by cutting out the middleman. Take bids in the comments and negotiate via direct message. For security use a secure money transfer like paypal. Just be careful and be smart. Take good pictures and you can be in for a great payday.


Etsy

If you've got something funky, vintage, or homemade then start an Etsy account! People like to buy something with a more unique flavor on Etsy. This means vintage clothes and unique items. Get creative with your clothes and the sky's the limit.

Poshmark

poshmark

For the instagram generation there is the Poshmark app. Sell your clothes directly from your phone. Take a photo, upload your item, and throw one of their fashion forward filters on. When your item sells, Poshmark will send you the pre-paid envelope label to send out your clothes and accessories. You can do it all from the comfort of your home so it's never been easier.

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I thought I had a pretty good handle on my finances out of school. I worked several jobs while attending university and had little to no problem managing my income. However, once I graduated, I realized how much more complicated personal accounting could really be.

There were so many variables I needed to keep track of. Biweekly bills, monthly charges, and general necessities amounted to a heap of confusing numbers that were often impossible to decipher. The funniest part was that I was actually trying to do this by hand (I don't know what I was trying to prove to myself, either).

After messing up for the 17th time, I decided to give Microsoft Excel a shot. I used Excel a bit in school and I knew all the big-wig finance people used it, so what could I possibly have to lose? The answer is about six hours of my precious time. Excel isn't much of an improvement over handwriting and it's still dependent on the user to manually input all of the information. It's like doing everything by hand with the slightest help, meaning that it still required a tremendous amount of time and concentration. Well that was all for nothing, I guess.

It's sort of funny. I was certain that I could manage my personal finances with ease, when it's practically a full-time job. I was already stressed out enough with my first job and I knew I didn't have enough time to give my finances the attention it deserved.

That's why I decided to try out a budgeting app. My best friend told me that he uses an app called Truebill to manage his finances. "What does it even mean to manage your finances?" I asked him. He told me that Truebill was the personal financial assistant I wished I could have. It could aggregate all of my account information into one place and give me specific insights and actions.

I loved the idea of having full control over my finances, especially during a time of financial uncertainty, and I realized that Truebill would be the easiest way to accomplish this. The user interface is incredibly simple and intuitive, so it doesn't even feel like a finance app! Truebill offers a multitude of features, with their most popular being the ability to cancel subscriptions with the press of a button.

Okay, I had no idea how many subscriptions I was still subscribed to. In fact, I wasn't even using a quarter of the subscription services I was signed up for. Subscription boxes, streaming services, my old gym, and even an old subscription to my favorite magazine--it was all there and I was livid. How could I let myself waste all of this money and how did I never catch this? Thank goodness for Truebill.

Truebill also offers bill negotiations. There is a 40% fee based on how much you save and Truebill even claims that there is an 85% chance that they'll be able to lower your bill once a negotiation is requested. Why wouldn't I take them up on this? There was zero risk and I would only have to pay once my bill was lowered (which means that I would be saving money regardless).

More standard features of Truebill include the ability to generate a credit report on-demand and even request a pay advance. I only used the pay advance feature once when I wanted to buy a gift for my mom, but didn't have enough cash in hand and Truebill automatically reimbursed itself when I got my next paycheck.

The credit report is another fantastic feature and practically taught me what good credit meant. Truebill's credit report basically shows you which financial decisions have the most significant impact on your credit score and ways that you can improve your credit month-over-month. I've never had such control over my credit and it feels good.

I'll be the first to admit that I was extremely naive coming out of school. I figured that as long as I was attentive, I could manage my finances with ease. We manage money to some extent throughout our entire lives, but once you're thrown out on your own, it's a completely different story. With Truebill, I've finally been able to take control over my finances and stay on top of all of my responsibilities.

Update: Our friends at Truebill are extending a special offer to our readers! Follow this link to sign-up for Truebill.

My buddies and I always try to make it out to a game, but we never really care which one we end up at. Obviously we have our favorite sports and teams, but it was rarely about what game we went to or who we saw playing. It was about watching the game live.

In the early months of lockdown, all we had was Korean baseball, and trust me, we loved it. The only issue was, none of us had any idea what the commentators were saying. Even then, a few of my friends weren't huge fans of baseball. They were into sports like football and basketball, ones that moved at a quicker pace with less down-time in between plays.

We decided to see if there were any other events going down and came across horse racing. Yes, horse racing. It was perfect--short, fast-paced, and most importantly, an opportunity for betting.

I had never really considered watching a horse race any time other than the Belmont Stakes, but the prospects of the sport seemed exhilarating. Even better, with horse racing we knew we could still recreate the atmosphere of a race track. Salty snacks? Check. Stale beer? Check. A simple and easy way to bet? Check.

One quick Google search later, we came across TVG, powered by FanDuel. It's an online betting platform that takes you right to the heart of the action. We were a little apprehensive about using a mobile app to place our bets, but TVG's ability to bet on live horse races from all over the world was too good to pass up.

Here are 5 reasons why we are obsessed with horse racing thanks to TVG:

1. Betting has never been easier

Use your phone or computer to watch and bet on live horse races in real-time. TVG offers a bunch of features to make betting even simpler--live odds and handicapping tips leverage recent learnings to help you make your best bet. Not to mention, TVG's exclusive race content and wagering guide offers an under-the-hood look into the strategy behind horse race betting.

2. The biggest selection of horse races out there

If you're looking to drop a little dough on a horse race, chances are your best option is your local race track. But watching the same few horses races over and over again isn't the most exciting thing. With TVG you have access to over 150 tracks worldwide with races happening consistently throughout the day.

3. Get a generous sign-up offer when you place your first bet

Once you register your account, you will be eligible for a $200 risk-free bet. All you have to do is place your first bet and you're covered. If you happen to lose, TVG will insure you for up to $200 as a sort of wagering credit. I may have been a little trigger happy when placing my first bet, so having this insurance was a great perk. There are also a bunch of promotional offers available year-round.

4. Making deposits and cashing out at the touch of button

With a ton of payment options such as PayPal, BetCash, debit/credit, wire transfers, and other third-party services, making a deposit is a breeze. But what about the payout? Depending on your deposit method, your withdrawal will be available in a few days. No more waiting in-line to collect your winnings!

5. Watching live races with your friends while betting is exhilarating

Even when we were watching Korean baseball, Zoom calls with my friends were a little dull.

With TVG, we haven't had this sort of fun in months! Every weekend we'll turn on a race and throw our bets in. After a few races, and quite a few drinks, we'll tally up our winnings to see who won the most! Sometimes it's not even about making money, but just having a good time.

TVG is the perfect way to add a little excitement to an otherwise mundane afternoon. It introduced me to the world of horse racing, a sport I never would have considered otherwise.

The races just keep ramping up and thanks to TVG, I can always get in on the fun.

UPDATE: The biggest derby in horse racing is THIS WEEKEND. Get in on the action with your $200 risk-free bet!

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