It’s been a long time since I’ve gone through my clothing and eliminated items which are no longer appropriate for wear. For most of my life so far, my habit of keeping clothes for a long time — until recently, I still had a few items left from high school (1994) — was out of necessity. I just didn’t have the money to replace clothing often. I decided, thanks to some encouraging from my girlfriend, that it was time to get rid of clothing I no longer wear either because I just don’t like them or because they no longer fit. Fortunately, my income supports the decision.
I was able to fill five bags full of clothing with mostly shirts that are now too tight or hopelessly out of style.
Rather than throw my unwanted garbs in the garbage, although lexically logical, I’d rather pass them along to someone or some organization that can make use of them or of the income that could be gained in exchange. I’ve seen bins by gas stations and malls labeled for unwanted clothing, but I am skeptical of these receptacles. To whom do you donate your used clothing? I’m willing to entertain any suggestions. I’m not trying to earn any money in exchange for my items, I just want them to eventually arrive in the hands of people who might need them.
While I ponder this and your suggestions, here are some personal finance articles you may enjoy.
Now Being an Authorized User WILL Get You Credit Scores Again. There was some talk about FICO preventing the good credit (or bad credit) pass along to “authorized users” of credit cards. This is traditionally one of the easiest ways for someone to establish a new credit history. Recently, FICO announced that it would not end the practice.
Hard Credit Check vs. Soft Credit Check. Cash Money Life explains the difference and why the type of credit check a company may perform matters.
What Michael Phelps and the U.S. 4×100 Freestyle Relay Team Taught Me About Debt. Have you been watching Phelps TV, otherwise known as the 2008 Beijing Summer Olympic Games coverage on NBC? If you haven’t heard, Michael Phelps has been winning the swimming events. Here’s a tie-in to personal finance.
Why You Need a Will and the Basics of Estate Planning. “You’ve worked hard for your money, pay taxes on the money you’ve earned, why not minimize taxation upon your death?” Indeed.
Make Money Blogging: Top Bloggers And How Much They Earn. If you’ve got something to say and people want to listen, blogging could be a good way to earn some extra money. It has worked well for me over the past few years, but not as well as it has for these “top” bloggers. Beware: you can’t judge your income potential by assuming you can earn as much as these folks. It’s like looking at the top swimmers in the Olympics and believing you can swim as fast as they can. Of course some can, but most will not.
Published or updated August 18, 2008.