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Gen Z faces unique financial hurdles, with challenges exacerbated by their average hourly wage of $15.66 in 2024, as per a 2024 Deputy study. Many find themselves living paycheck to paycheck. However, Gen Z can strategically build their savings by selling items they may already own.
Considering this, we spoke to experts about the top things Gen Z should consider reselling to boost their financial reserves. Excited? Let’s dive into these savvy options!
High-Value Jewelry
While it may be unexpected, jewelry often retains its worth over time. Jennifer Johnson, founder of True Fashionistas, highlights that brands like Tiffany & Co., and Van Cleef & Arpels hold considerable resale value. As gold prices rise consistently, this might be the perfect time to sell underused pieces.
Instruments from Musical Days
If you’ve ever participated in school band activities, unused musical instruments can be a lucrative resource to tap into. With new instruments being costly, parents often seek pre-owned alternatives for their budding musicians, according to Erika Kullberg from Erika.com.
Treasure in Sneakers and Streetwear
Ryan McDonald from Resell Calendar advises looking into your wardrobe for trendy sneakers. Limited editions can be especially profitable. For instance, Nike and Yeezy collaborations often fetch high resale prices.
Unused Gift Cards
If you’re holding onto gift cards from birthdays or holidays that you’re unlikely to use, Kullberg suggests turning these forgotten treasures into cash. You can sell these cards for other people to benefit from.
High-End Handbags
Designer handbags from luxury brands such as Chanel or Louis Vuitton can bring in substantial returns, states Johnson. Even more affordable brands like Kate Spade can attract buyers if the items are in pristine condition.
College Textbooks
With the high cost of academic textbooks, reselling them through college bookstores or online platforms can be a smart way for Gen Z to recover part of their investment after semester-end.
Vintage Gaming Gear
Old gaming systems like the Nintendo 64 have seen a spike in value. Ryan McDonald shares that these items can sell for up to 300% of their original cost as retro gaming becomes increasingly popular.
If you’re eager to expand your financial knowledge, Click Here For More Personal Finance tips and strategies.
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