There was a time when people thought their collections would bring them riches. (Think Beanie Babies!) Now you’are able to find all of these ‘collectables’ on sites like Craigslist and Ebay, or at garage sales for a fraction of their initial cost. Depending on your upfront costs, this has left many people who sunk a bunch of money into their initial purchases wondering what happened and why they aren’t cashing in.

If you want to avoid that situation, don’t collect item that promises to be the next big thing and make you rich. If you’ve already fallen into the trap, try to recoup some of the money you’ve already spent by selling your collections and use those funds for any number of worthy financial goals,

Read the “Guide to Selling Unwanted Items” for some simple strategies that can help you profit as much as possible.

Mandy’s Fabulously Frugal Fact is made thrifty by:

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