Making money: Cashing in on old gear, and more

Three top pieces of financial advice — from outsmarting debt collectors to improving your interview skills

iPhone
(Image credit: (Photo by Justin Sullivan/Getty Images))

Cash in on old gear

Have some old electronics lying around? asked Regina Lewis in USA Today. Luckily for you, "there's a thriving secondary market for your old devices." On sites like Gazelle.com, BuyMyTronics.com, NextWorth.com, or Amazon.com, you can get a quote on the value of your old gadgets, and some will buy them for gift cards or cash. If you have a device to unload, remember to back up and "wipe" the data from your device — you don't want to inadvertently send away anything with personal or sensitive information. And there's no point in being anything but honest about the state of your item. "Misrepresenting the condition will likely lead to a notification that it will only be accepted at a lower price." If you're out to sell an iPhone, you'd better act fast. "While used iPhones hold their worth better than many smartphones, iPhones' resale value tends to drop when Apple announces a new version."

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Sergio Hernandez is business editor of The Week's print edition. He has previously worked for The DailyProPublica, the Village Voice, and Gawker.