https://www.qms.space/ News en-US hourly 1 http://wordpress.org/?v=3.5.1 How to Turn Your Old Junk into Money https://www.qms.space/blog/article/how-to-turn-your-old-junk-into-money 29 January 2018, 11:03 am Is your home or garage getting cluttered by old appliances, outdated electronics, DVDs you never watch and clothes you never wear? You're not alone.

A survey by the Australian Institute found that 88...

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Is your home or garage getting cluttered by old appliances, outdated electronics, DVDs you never watch and clothes you never wear? You're not alone.

A survey by the Australian Institute found that 88 percent of homes have at least one cluttered room, which makes 40 percent of people feel anxious, guilty or depressed. What's more, the average Aussie spends a whopping $1,226 every year buying items they never use.

Deciding to cut out these unnecessary expenses is a great start. Next, you should find out how to convert your old junk into money, to solve the clutter problem and help you recoup some of those costs. Here are four of the best places to sell your unwanted goods:

eBay

The grandfather of online marketplaces is still the best place to buy and sell a huge range of items, since you're advertising to an engaged audience of over 160 million users. To list an item on eBay, you need to pay a small listing price (with optional extras to promote your listing) and eBay takes 10 percent of the final sale.

You can sell pretty much anything on eBay, but since you have access to such a wide pool of customers, it can be the ideal place to list valuable, rare and collectable items that many people will pay top dollar for – from high-end clothing to retro video games.

Facebook Groups

Facebook launched its own Marketplace to rival eBay and Craigslist a couple of years back, but it hasn't really taken off. That's okay, because Facebook users have been using the social network to sell their stuff all along anyway.

Around 450 million users visit buy/sell groups every month according to Facebook. These groups are especially useful for finding local buyers or niche interests, and with more than half of Australians visiting Facebook every day, you won't find a larger regional audience.

Pawn shops

If you don't want to go through the hassle of dealing with customers and just want some quick cash in hand, local pawnbrokers could be the answer – as long as you find a reputable store and you're selling something they want.

Pawn shops love quality items that never go out of fashion, with the highest prices paid for diamonds and precious metals like gold, silver and platinum. Jewellery and watches are next on the list, after which you'll notice prices start to drop off for less timeless goods like smartphones and other electronics.

Garage Sales

When you've already got rid of your most valuable and unique items, the rest can be sorted out with a good old-fashioned garage sale. This is the best option for low-value goods that might not be worth the listing fee on eBay, as well as heavy items like furniture and appliances that you don't want to arrange shipping for.

Even if you don't end up making much from your garage sale, it's a great opportunity to sell stuff you don't need to people who do, as well as saving space in your home and easing the strain on landfill. Now make sure you control your impulse spending so you don't have to go through it all again!

Get a Free Financial Consultation

If you need help sorting out your savings and finances, talk to our financial advisors at Debt Fix.

Call us today on 1300 332 834 or get in touch online to arrange your no-obligation consultation.

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New Year's Resolution – Becoming Debt Free https://www.qms.space/blog/article/new-years-resolution-becoming-debt-free 29 January 2018, 10:44 am

For many people, the New Year can be a powerful motivator to make positive changes in their lives – as long as you set realistic targets that you know you can actually stick to.

Resolutions tend to...

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For many people, the New Year can be a powerful motivator to make positive changes in their lives – as long as you set realistic targets that you know you can actually stick to.

Resolutions tend to focus on health and lifestyle changes, which is great, but you shouldn't miss the chance to get your finances in order too. If you're currently struggling with debt, aiming to get on course to a debt-free future by this time next year is one of the best long-term improvements you can make.

Here are three steps to lowering your debt in 2018:

Set Financial Goals

Being debt-free is never the ultimate goal, but rather a stepping stone that will help you achieve your long-term goals such as owning a house, raising a family and taking luxury holidays every year.

Zooming in on the short-term of the next 12 months, you should consider whether being debt-free is an achievable goal by year's end. If it's not, identify other stepping stones that will help you get there and closer to financial freedom.

If you have high-interest debts, aiming to pay these off first will reduce the strain on your finances considerably. If you're not able to increase your monthly income, consider whether your savings would be better spent paying off a high-interest loan rather than sitting in your bank accumulating small interest every month.

You can also speak to a financial advisor about consolidating your debts to make repayments more manageable.

Re-do Your Budget

Have your circumstances changed since you last drew up a budget? This should be reflected in this year's budget to create a financial plan that gives you as much money as possible to pay off your debts, without affecting your quality of life.

Your budget should include absolutely everything that you know you have to pay each month, including a food allowance, bill payments and interest on loans. It also needs to be flexible enough to expect the unexpected.

Many young people who are struggling with debt have found an answer in systems like the 50/20/30 rule: setting aside 50% of your take-home pay for necessities (accommodation, food, transport, etc.), 20% to pay off debts or put into savings, and 30% for luxuries. This doesn't work for everyone, but it's a good start if you've never seriously budgeted before.

Try our free budget calculator to see how far your income can stretch.

Refinance Your Debt

If you're worried that you're paying too much every month for your mortgage, car loan or other debts, you could be right. That's why you could benefit from speaking to a financial advisor about refinancing your loans with a different provider.

Through refinancing, you could find a newer loan with a lower interest rate, lower fees or a more flexible payment term. This can free up money every month that can be put to use tackling your other debts.

Get your free consultation

Find out more about refinancing and consolidating your debts by arranging a no-obligation consultation with Debt Fix. Our experts will explain exactly what's involved, so you can make a fully informed decision that's right for you.

Call us now on 1300 332 834 or contact us online.

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