Most people, of course, don’t call it “Investment Recovery.” And eBay notwithstanding, getting rid of used household items is not a new phenomenon; bazaars offering second-hand goods for sale or barter go back centuries. In fact, the term ‘flea market’ is derived from the French arche’ aux puces, a market in Paris which specialized in shabby goods which just might contain fleas. As IR professionals, we need to be advocates for our profession more than just from 8 to 5. We should be shining examples of sustainable practices in our everyday lives as well. So, this issue looks at the consumer side of surplus asset management. Here’s how to expand your attic, basement, bedroom, closets, counter space, garage, and/or shelving without paying a dime to a contractor: Sell, donate, recycle, or otherwise get rid of stuff that you no longer
want, that others could use, and that’s hijacking space in your home. Below are some options; we’d love to hear your good ideas. Tell us at firstname.lastname@example.org. Toys and baby gear Before you sell or donate items, go to www.recalls.gov to make sure they have not been recalled in recent years. Standards are tougher now than even a few years ago. It’s fine to give to friends and family used car seats that haven’t been in a crash. But don’t donate them to charity, as users won’t know the history or possibly the expiration date. Instead, designate them as trash and dispose according to your community’s rules.
For baby gear in good shape, sell it on eBay or through another outlet or donate it at a Goodwill or Salvation Army thrift shop. Tools Goodwill and Salvation Army thrift shops and similar outlets often take used tools. Check yours or go to www.earth911.com, a national clearinghouse for all types or recycling, for details in your area.
To see whether you can get money for your old gear, go to www.ecosquid.com, where you can identify possible options for resale and recycling. Or try selling on eBay; somebody somewhere might be looking for an older model or its components. At www.earth911.com and www.digitaltips.org/green you can search for local electronics recycling programs. Manufacturers and retailers also recycle gear. Best Buy accepts computers, TVs, and more, even items not bought there.
Remove your computer hard drive or the store will charge $10 to do it. Acceptable items vary somewhat by store; check at www.bestbuy.com. Office Depot charges up to $15 for old electronics. Staples charges $10 to recycle large items, but there’s no charge for Dell products.
The Direct Marketing Association’s Mail Preference Service lets you opt out of receiving unsolicited commercial mail and e-mail from national companies(at least those that are registered with the service) for five years. Go to www.dmachoice.org.
Try to sell what you can on eBay, Craigslist, or similar sites, or trade with or give to friends. At Swap.com, trade your CDs, DVDs, or books for 50 cents or a dollar apiece plus shipping. As a last resort, recycle CDs at Best Buy. Check at www.bestbuy.com to make sure your local store accepts them.
When you buy a large appliance, most retailers will haul away the old one. ApplianceSmart.com, Best Buy, Sears, and some utilities participate in the EPA’s Responsible Appliance Disposal Program, which ensures, among other things, that chemicals are recovered and the metal, plastic, and glass are recycled. Some utilities will even pay you to dispose of an energy-wasting appliance. Find out whether your town or county government offers an appliance-recycling program or locate one on the Steel Recycling Institute’s website, at www.recycle-steel.org. To donate appliances large and small in good condition, check with your local Goodwill, Habitat for Humanity ReStore, Salvation Army, Vietnam Veterans of America, or other charity.
The growing popularity of e-readers may mean that people are becoming less attached to their old books and are looking for new homes for them. To sell used books, check out:
- Half.com, an eBay company
- BookScouter.com (compares prices at dozens of book-buying sites to find the one that will pay the most for your books)
- BooksForSoldiers.com (lets you send to troops once you’ve registered as a volunteer)
The nonprofit Recycle-a-Bicycle in New York City (www.recycleabicycle.org) takes used bikes to help teach kids bicycle repair and other skills. The nonprofit Pedal Revolution bike shop in San Francisco (www.pedalrevolution.org) is similar and accepts bikes with no severe rust or damage. Other organizations specialize in refurbishing bikes and sending them to developing countries. For local bike shops and groups involved in this kind of work, go to ww.ibike.org/environment.
To register for the National Do Not Call Registry, a free, easy way to keep telemarketers at bay, go to www.donotcall.gov or call 888-382-1222 from the phone you want to register. If you ask a company to put your number on its own do-not-call list, it must. Calls from or on behalf of political groups, charities, and surveyors will still get through; so will calls from companies you do business with.
Like new. Beanies for Baghdad, at www.beaniesforbaghdad.com, sends Beanie Babies, stuffed animals, and other items to armed service units in war-torn areas such as Iraq and Afghanistan and they distribute them to children. LovingHugs.org sends soft stuffed animals to children in war zones, refugee camps, orphanages, medical facilities, and elsewhere. With both, you pay for postage.
Well used. Some animal shelters use them to comfort puppies. Call yours for info.
They are the stuff of landfill nightmares. If you’re buying a new mattress, the retailer may take away the old one, but try to find out what happens to it. Some retailers dismantle the mattress and recycle its components. If not, the mattress goes to the dump. If it’s in good condition, offer it to shelters for the homeless or battered women, or the Salvation Army. Otherwise, look for a local recycler online or by searching at www.earth911.com; you’ll probably have to pay a fee. Hauling the mattress to the curb for regular trash pickup is a last resort, but be sure to check with your sanitation department. Some communities require mattresses to be wrapped in heavy plastic and sturdy tape to seal in any bugs.
Nonprofit groups including Goodwill Industries and Habitat for Humanity accept vehicles; many don’t care whether they run or not. Because of stricter tax rules in recent years, you shouldn’t expect a whopping deduction. To donate a vehicle, first check whether an organization is a charity that can receive tax-deductible contributions by perusing IRS Publication 78, an annual list of most charities, at www.irs.gov/eo. Look under “Search for Charities.” (Some nonprofits such as churches are not listed.) “A Donor’s Guide to Car Donations,” a free download at www.irs.gov/pub/irs-tege/pub4303.pdf, notes what paperwork you’ll need to claim a tax deduction.
Try selling unwanted furniture on Craigslist or eBay. Early spring and back-to-school are the hot seasons, though you’ll need to market skillfully. “No photo is the most common mistake,” says Martin Herbst, general manager of eBay Classifieds U.S. “Bad photo is the second most common.” Shoot for decent lighting and spare styling. Charities accept furniture if it’s in decent shape—no broken parts or big rips or stains. The Salvation Army and some Goodwill programs provide pickup service, usually within 48 hours, and tax receipts. Or try Freecycle.org, a members site where you can give and get goods free. If the furniture is shot, ask your trash collector about curbside pickup. Haul it to the curb a day early and put a “free” sign on it, in case someone might want it. 1-800-Got-Junk, a hauler, charges $100 and up for a couch. Bagster, at www.thebagster.com, charges $29.95plus a $79 to $159 collection fee for a 3-cubic-yard bag.
Compact Fluorescent Lightbulbs
Tossing CFLs in the trash isn’t a bright idea; the bulbs contain small amounts of mercury. Some areas require recycling, so check with your sanitation department and ask about collection programs. You can also drop off used CFLs for recycling at Home Depot, Ikea, Lowe’s, and some Ace Hardware stores, or go to www.earth911.com to find a local program. Linens Goodwill and Salvation Army thrift stores accept towels, sheets, curtains, and such. To donate well-worn towels, call your local animal shelter. Often they take them to use for pet bedding and/or for cleanup rags.
Many manufacturers, retailers such as Best Buy, Home Depot, Lowe’s, Office Depot, Staples, some Ace Hardware stores, and charities collect cell phones. Go to www.earth911.org or www.call2recycle.com and type in your ZIP code for locations near you. Before you donate a phone, erase all identifying information, including your phone book, text messages, and calls you’ve made and received. To find out how, go online to your phone’s manufacturer for instructions for the make and model of your phone.
Paints made before 1978 migh contain lead, and those made before 1991 might have mercury. If your paint doesn’t contain either, ask local charities, religious organizations, or high school or college drama departments whether they can use it, or see whether your community collects paint for reuse. If there are no takers, call your municipal recycling center or householdhazardous- waste center, or find a recycler at www.earth911.com. Your municipality can also tell you about local requirements for proper disposal (such as taking the lid off latex paint and letting it dry before disposing of the can). Oil-based paints should be disposed of at a household hazardous-waste collection facility.
Motor oil and gas
Never dump used motor oil on the ground, in the trash, or into drains or storm sewers. Pour used oil into a clean container with a secure lid and label; don’t use containers that once held bleach or other chemicals. Walmart lube centers and some service stations accept used oil. You’ll also find local recyclers at www.earth911.com. Store unwanted gasoline in a childproof metal or plastic container approved by Underwriters Laboratory or another independent testing lab. Label the container. Then contact your hazardous-waste-collection center. To reduce the need for disposal, consider using a gasoline stabilizer, which keeps gas usable for a year or more.
Habitat for Humanity runs ReStores in the U.S. and Canada, which sell leftovers from retailers and homeowners. For other options, go to wwwearth911.com and type in the item you want to donate.
It’s important that you recycle rechargeable batteries, whether from a mobile phone, power drill, or any gadget, since their heavy metals are hazardous. The nonprofit Rechargeable Battery Recycling Corp.’s Call2Recycle.com program lists some 30,000 collection sites in the U.S. and Canada that take these batteries. Some sites also accept single-use alkalines and button-cell batteries. Check at www.earth911.com for drop-offs in your area.
Those you can typically keep for a year or less and then shred include: Bank deposits and ATM receipts (keep until you reconcile with monthly statements); credit-card bills (unless you need to prove a charitable deduction or warranty); insurance policies (keep until your new policy comes); monthly investment statements (shred when new statements arrive); pay stubs (keep until you reconcile with your annual W-2 form); and receipts you’re not using to itemize tax deductions or return merchandise. Municipalities sometimes sponsor collection days several times a year; call yours. The site at www.earth911.com can direct you to sites in your area.
Copyright 2011 by Consumers Union of U.S., Inc. Yonkers, NY 10703-1057, a nonprofit organization. Reprinted with permission from the March 2011 issue of Consumer Reports.
For educational purposes only. No commercial use or reproduction permitted. www.ConsumerReports.org