April 6, 2009 4:46 PM
- Text
Turning Clutter Into Profits
(CBS)
In these tough times, a little bit of cash can make a big difference for many families.
CBS News correspondent Michelle Gielan tells Early Show co-anchor Maggie Rodriguez how to find some "free cash" right in your own home.
It is all around you. Things in your home that you probably don't need. Why not turn those old things into some new cash. One family in Allendale, New Jersey is doing just that.
"We're just trying to make sure we can keep our home right now," said Christina Montanyes.
For the Montanyes, with two growing kids, paying their bills these days is a challenge.
"We need to send out the mortgage payment," said Christina.
Kevin didn't get his year-end bonus and Christina has been unable to find a job.
"We gotta feed the kids," Kevin said.
They've simplified life in their two bedroom condo, no more dinners out or cable TV.
"My mother had to help us out at Christmas time. It is humiliating," Christina said.
But they still need extra cash, so we arranged for the Montanyes to meet Marcia Cooper.
"The average person has over $3,000 dollars hidden away in their homes," Cooper said.
Cooper teaches classes about turning household items ...
"People love cookie jars," Cooper said.
... into cash using services like eBay.
"I have been sticking everything in my second bathroom to the gills," Christina said. And she has no shortage of stuff.
"Oh my goodness this is the land of OZ!" Cooper said, adding that even in this down economy -- people are buying.
Kids clothes and toys, candles and books are always good sellers, and there is a market for brand name items and old jewelry.
Cooper says that her eBay classes are full of people who once had good jobs --- and now are desperate.
"There are people who are selling some expensive things and they are equating it, this will bring a week's worth of groceries. This will pay the mortgage, this will put gas in my car," Cooper said.
So far, Christina has made about $1,500, she and Kevin have learned something far more valuable.
"It's like 'Wow, I really can make it on less, I can do it on less.'" Kevin said.
"Yeah we can live without a TV," Christina said. "And we are doing alright, we are surviving."
Ebay says in 2008 more than $20 billion worth of clothing, shoes and accessories were sold on the site, that's a 7 percent increase over the year before.
Meanwhile, Craigslist says postings in its "For Sale" category have surged 75 percent in the last year.
As for Christina, she hasn't had any takers on the cookie jar or bowl yet -- but just in the past week she sold $260 worth of toys and women's shoes.
CBS News correspondent Michelle Gielan tells Early Show co-anchor Maggie Rodriguez how to find some "free cash" right in your own home.
It is all around you. Things in your home that you probably don't need. Why not turn those old things into some new cash. One family in Allendale, New Jersey is doing just that.
"We're just trying to make sure we can keep our home right now," said Christina Montanyes.
For the Montanyes, with two growing kids, paying their bills these days is a challenge.
"We need to send out the mortgage payment," said Christina.
Kevin didn't get his year-end bonus and Christina has been unable to find a job.
"We gotta feed the kids," Kevin said.
They've simplified life in their two bedroom condo, no more dinners out or cable TV.
"My mother had to help us out at Christmas time. It is humiliating," Christina said.
But they still need extra cash, so we arranged for the Montanyes to meet Marcia Cooper.
"The average person has over $3,000 dollars hidden away in their homes," Cooper said.
Cooper teaches classes about turning household items ...
"People love cookie jars," Cooper said.
... into cash using services like eBay.
"I have been sticking everything in my second bathroom to the gills," Christina said. And she has no shortage of stuff.
"Oh my goodness this is the land of OZ!" Cooper said, adding that even in this down economy -- people are buying.
Kids clothes and toys, candles and books are always good sellers, and there is a market for brand name items and old jewelry.
Cooper says that her eBay classes are full of people who once had good jobs --- and now are desperate.
"There are people who are selling some expensive things and they are equating it, this will bring a week's worth of groceries. This will pay the mortgage, this will put gas in my car," Cooper said.
So far, Christina has made about $1,500, she and Kevin have learned something far more valuable.
"It's like 'Wow, I really can make it on less, I can do it on less.'" Kevin said.
"Yeah we can live without a TV," Christina said. "And we are doing alright, we are surviving."
Ebay says in 2008 more than $20 billion worth of clothing, shoes and accessories were sold on the site, that's a 7 percent increase over the year before.
Meanwhile, Craigslist says postings in its "For Sale" category have surged 75 percent in the last year.
As for Christina, she hasn't had any takers on the cookie jar or bowl yet -- but just in the past week she sold $260 worth of toys and women's shoes.
Popular Now in CBS News
- Teen's Facebook Sex Scam
- The Best Pregnancy Tests
- Eight Delicious Foods That Help Fight Belly Fat
- Cyberbullying Continued After Teen's Death
- Which Yogurts Are Healthiest?
- Perks of Five-Hour Energy Put to Test
- How Long Foods Stay Fresh In Fridge
- "Designer Babies" Ethical?
- Ten Healthiest Fast Food Chains
- Could Protein Shakes Harm Your Health?
- Best Low-Tech Cell Phones Suitable for Seniors
- Can Exercise Make You Gain Weight?
- Electronic Cigarettes: Are They Safe?
- How to Stop a Cold Before It Takes Hold
- Best Sleep Positions To Rid Aches, Pains
- Countertop Makeover In A Paint Can
- Cooking Oils That Are Good For You
Latest CBS News Headlines
on Facebook Most Discussed Stories
on CBS News
- U. Mich.: Child porn case spurs outside review
- U. Mich.: Child porn case spurs outside review
- Q&A: Obama and the birth control controversy
- Q&A: Obama and the birth control controversy
on Facebook Most Discussed Stories
on CBS News





