Spring Break doesn’t have to mean spending money, going on lavish vacations, or trying to do every new thing under the sun to feel good.  Spring Break can be a time for Spring Cleaning and getting rid of some old stuff for a garage sale.  It can also be a time to make calls to creditors to inquire about lower interest rates, or plans that can help reduce or consolidate debt further.  It can also be a time to take on some extra side jobs to earn more money to pay down debt.  There are a number of things that people can do to reduce debt during Spring Break and use that time wisely.

Ideas to reduce debt during Spring Break:

• Garage or Yard Sale – Use this time to clean out the garage, closet, or other places that have items that may be of value that are no longer needed.  Put together a sale of these items either in person or online at auction sites like eBay.  By finding items that have value and selling them during this time puts more money back in the pocket or can be designated to pay off a certain credit card debt or other type of debt.
• Consolidate Debt – Having some spare time means that a person can look for new debt offers that have lower interest than the current debt they carry and by combing the higher interest debt into a new lower interest debt will save a person money over the long run and help to reduce their debt further.  There are plenty of credit card companies that offer promotional savings and using this time to find a good one is a smart way to use Spring Break to reduce debt.
• Call to Lower Interest Rates – No one has the time to deal with creditors, but using Spring Break to make some calls is a good thing that can save money and reduce debt. Using this time to call each creditor and request a lower interest rate is a good way to reduce debt during Spring Break.  Normally, creditors are open from 9-5 and most people work those same hours, which means people usually don’t have time to make calls to each creditors to request a lower debt, as each call may take anywhere from 20 – 30 minutes. The entire process could take all day if a person has a lot of accounts.  However, if a person is able to reduce the interest rate on several debt accounts that the time was well spent.
• Do Odd Jobs – Spring Break is a good time to get extra work done.  Using this spare time to do some side work is a great way to earn additional income that can be earmarked for a certain debt and used to pay it off.  No one likes to work, but Spring Break is a long time so taking one day out to get some additional income is not a bad idea and one that can help reduce debt further.
• Don’t Spend Money – Spring Break can be a fun time and there are plenty of things that people can do to have fun and not increases their debt further.  Places like the beaches, parks, mountains are all free, and there are lots of places that people can go and have a good time without spending more money or increasing their debt more.  Look for ways to have fun without adding more debt and at the end of Spring Break a person will not be in more debt than they started.

Although, it’s always fun to sit at the beach, or go on a vacation during Spring Break, it’s also good to manage debt properly and plan for the future.  Spare time is hard to come by and using the time wisely will mean much more in the long run than just having a day or two of fun and than back to wondering how to reduce debt again.

The following information shows how to can get out of debt using eBay and what you need to know to know to get started.

Getting out of debt starts with cleaning out closets, garage, storage units, or attics that are stockpiled with old items that could be of value to others.  There are times that even a single item or even several old items will have value to others and help you can make a several dollars in profit on eBay.  Items such as records, toys, clothes, and decor  generally carry some value and can be sold on eBay for profit.  In fact, there are a lot of people that make their living selling items on eBay by selling items they find at yard sales, garage sales, or just cleaning out friend’s closets or garages.   The proceeds from these sales can be used to pay down debt until the debt is at a manageable level or reduce debt completely.

If you’re at a point where you know what you’re going to sell on eBay, the next step is actually setting up an account to get started. It’s relatively simple to set up an account and sell items that same day. In fact, it only takes 10 steps to sign up plus setting up an account is free.  However, eBay does charge for each item listed and there are a number of resources that reveal tips and effective ways of selling on eBay. A simple way to determine the list price of your item(s) is to assess the total profitability versus what you have to spend to list it. A listing fee can be anywhere from a few cents to as much as a few dollars so it’s good to evaluate this on a per item basis.

Just how much can you earn on eBay? Don’t think about your debt amount just think about earning some extra money that’s solely for paying off those old bills. A quick search of eBay products shows a used pair of designer sunglasses going for $108.00, a TV wall bracket at $29.49, and a 1984 Dan Marino rookie card at $22.00.  The potential is there to make additional money each day or every month and this money can be used to pay down debt.

Start selling this holiday season and you may find some items you think last minute shoppers will want to buy. Give eBay a try for a few weeks or even a full year to maximize your profit potential and see how much debt can be paid off. There’s no limit to how much you can earn and just one significant sale can wipe out an entire pile of debt!

Selling on eBay.com can be done in a few steps.  As a seller, it’s important to know the following items:

• Creating a seller’s account
• Learn the basics of selling
• Top 10 Tips for sellers
• Getting good feedback
• Creating buyer confidence
• Ideas for what to sell
• Get to know eBay Policies

In addition, there are a number of external online communities, books, and other resources that will help you optimize your eBay selling experience and maximize profits to pay down debt.

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