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We’ve all felt the effects of the current economical status; gas alone has been breaking my bank account on a weekly basis. While I work my butt off to make ends meet, everything from fruits and veggies to gas to, well, almost anything, contines to get more expensive. And my bank account whittles away.

What’s a striving- to- have- more- money- 20- something to do? I brainstormed – in my desperate need to scrounge up some extra cash – ways in which you can get creative, have some fun and throw somethin’ extra into that piggy bank.

Turn your hobby into some cash. Do you enjoy making scrapbooks, knitting, creating playlists or setting up peoples’ iPods for them with the latest tunes? If so, take your hobby and make it into something profitable. Put out flyers in your neighborhood, an ad in the local paper, send out a mass email or even create a standard template website and let people know you’re open for business!

Sell some old clothes. Those prom dresses have sat in your closet since high school and, let’s face it, you’re not going to be wearing them anytime soon. Go to a consignment shop, take out an ad in the paper or swing by a local beauty pageant (I swear they’re around and the ladies will bite for those gowns). With, say, 50 bucks a dress, you could walk out of there with a couple hundred dollars! Read More »

Last semester, I woke up one day and realized I was completely out of money. I guess going to the Ralph Lauren Outlet a weekend earlier had been therapeutic for my mind but not my wallet. What’s a girl to do?

Instead of freaking out and starting to dumpster dive, my anxiety mobilized me to act. I started by cleaning out my closet. I isolated the items that sat in there and gathered dust (which was nearly everything) and spent a day listing them on eBay. A week later, I had made three hundred bucks off of old clothes and handbags (and, tear tear, brand – new discount Ralph Lauren Oxford shirts). I took the stuff that didn’t sell on the net to a resale shop in my neighborhood and scored another $20.

The best part was that most of the things I sold I hadn’t bought in the first place (thanks mom!), so I accrued a maximum profit. I’m the farthest thing from a business major, but I know that’s pretty sweet.

So if you’re short on cash, ditch your material sentimentality and purge your closet. You’ll end up with more than just monetary rewards: ebaying my life ended up being more therapeutic than the discount shopping. After I had shipped away my things, I felt the weight of hundred pounds lifted from my shoulders. Out with the old and in with the money! Next stop: MBA.