3 Reasons to Clean Out Your Closet Immediately

November 25th, 2008 by Matt | Posted in Make Money, Save Money

Let’s get straight to the point. If you’re like me, your closet probably needs an overhaul. Well, mine DID need an overhaul, but I took care of that earlier today. I couldn’t believe some of the things I found in there! There were clothes that I literally hadn’t seen in years, because I had decided, long ago (in a galaxy far, far away), that I simply didn’t like to wear them! It was time, I decided, to do something about this mess. You may ask, “What is the problem with having old, outdated clothes in your closet? Sure, they take up space, but they aren’t hurting anything…?” Well, my answer would be, “That’s exactly what the problem is… they are taking up space–and doing nothing else–serving no other purpose but to take up space.” But that’s not really all there is to it. Check out my 3 reasons to clean out your closet immediately below:

1. To save space. Okay, this one is obvious.  The more crap you clean out of your closet, the more room you’ll have for other stuff.  You’ll have room for new clothes (maybe some that you actually like), new sports equipment, new books, or maybe just more junk that you just can’t let yourself get rid of yet (like that old X-Box that you never play anymore).  Or, better yet, maybe you just want some extra empty space.  After all, clutter contributes to higher stress levels, and nobody likes stress.
2. To save time. Let me ask you a question.  How long does it take you to get ready in the morning?  Half an hour?  An hour?  Two?  Now, how much of that time is spent picking out a suitable outfit to wear?  If you’re female, this probably takes quite a while (no offense, girls); but even guys can spend a significant chunk of their morning picking out clothes to wear.  My argument is that, by removing old, “obsolete” clothes from your closet, you’ll be able to pick out a suitable outfit much more quickly.  Hey, it worked for me.  Go see for yourself.
3. To save MONEY.  “How,” you may ask, “will this save me money?”  Maybe a little anecdotal evidence will suffice in answering this question.  Today, as I alluded to previously, I removed all of my old, outdated, unwanted clothes from my closet.  I ended up with two garbage bags full!  I then proceeded to transport said garbage bags down to my local used clothing store, where the cashiers sifted through my bags and figured out what pieces they wanted to buy from me.  A half hour later, they called me to the register to quote me a price for the clothes they had picked out… $57.75!  For less than an hour of my time, that wasn’t bad at all.  And let’s not forget about the opportunity cost of leaving these clothes in my closet for months or even years, when they could have returned almost $60 at any time.  For example, if I would have sold the clothes a year ago, I could have invested the money and earned about $3 interest in that time.  It doesn’t sound like much, but compound interest can turn a little bit of money into a lot of money really quickly.

Have you been able to earn a significant chunk of cash from something that was just taking up space in your closet?  I’d love to hear about it in the comments!  Thanks for reading!

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