Selling Personal Assets to Pay Bills

Ask any financial planner, paying your bills on time each and every month is one of the most important things you can do to help you secure your financial future. However, many people find themselves in a pickle when it comes to paying those bills each month, and they struggle with coming up with a viable solution to eliminating debt. One of the easiest ways to generate some extra cash is to sell off some of your assets.

Instructions

1

Decide what you're going to sell. You need to evaluate your debt load in order to determine what you need to sell. You also need to evaluate what you have to sell. Compare prices online and determine what's the best price for your item depending on its condition. Naturally, the more valuable and the better condition your items are, the more you can ask for them. The one thing to keep in mind is that since your items are used, you will not get the full retail value for your items, so you will need to plan accordingly.

2

Open an eBay account. One of the easiest and most effective ways of selling your assets is to list them on eBay. Signing up for an eBay account is simple and free. Of course, selling on eBay isn't completely free. You will be required to pay a listing fee as well as a percentage of your sales price, but eBay offers one of the largest selling platforms available. Be aware that you will be expected to arrange for shipping if you sell on Ebay, so you should also factor in this cost as well.

To sign up for an Ebay account, go to http:///www.ebay.com and click on the "Register" button located to the right of the eBay banner. Complete the form and click submit. This will be your user account. To list your items for sale, click on the "Sell" button located on the upper right-hand side and follow the prompts.

3

If a more local, direct selling method is your preference, you can choose to sell your assets on Craigslist. Setting up your account and selling on Craigslist is completely free, which keeps more of the money that you earn in your pocket. In most cases, you won't be expected to ship your items, so this avenue may make more sense if your assets are larger.

To sell an item on Craigslist, you must first create a user account. To do ao, click on "My Account" located on the left-hand side of the screen, and then click on "Sign Up For An Account". Complete the registration form and click submit. You can create a entry by signing into your account and choosing "Post New Ad in" located in the upper right-hand corner of the My Account screen.

4

Take good quality pictures. Regardless of which method you choose to sell your assets, you need to offer your buyers a good look at what you are selling. Attaching quality pictures to your listings will go a long way in getting your items sold. Make sure that your item is centered in the picture and that there is no blurring, and take multiple pictures of the item to get every angle. Also, take pictures in strong lighting, but avoid glare.