Getting money for old electronics

The holiday gifting season has come and gone and many of us had new electronics on our gift list.

So if you received a new e-book reader or smart phone that replaced an old model, congrats on the technology upgrade. Now what are you planning to do with the old devices?

Do you know that you can get money back for used electronics?

For example if you just got a new Amazon Kindle, there is a list of old versions that you can sell back to Amazon. The trading site offers a full menu of other devices available for trade-in such as eBook Readers, computers, cell phones, GPS navigation devices and cameras. So first of all, check the link above and identify your equipment. Be sure you know the name and model information. The site will provide an estimate of the trade in value depending on the condition of the device.

Then your will be directed to a set of instructions to follow and you will be able to download a UPS label to take care of the shipping requirements.

The example of a Kindle Fire with a color 7 inch device could pay as much as $60.00 for the trade in. And payment will be in the form of an Amazon gift card balance. So you have more spending cash available for the future.

Another way to reap the rewards of selling your old electronics is to use Gazelle.com. They offer cash back for IPhones, cell phones, IPad, IPods, computers and many other devices. So the payout to you can be in the form of a check or Amazon gift card or credit to your PayPal account. It is convenient and easy to follow the instructions.

So don't toss those old electronics in a drawer to collect dust, get some cash back instead.

And if you are not inclined to get the cash reward, consider that there are many worthwhile charity organizations that will take your old electronics, be sure to erase all sensitive data and get a receipt.

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, San Antonio Personal Finance Examiner

Rosemary has spent more than two decades in the financial services industry as an investment advisor, an account manager and a marketing analyst. She holds several professional designations including ChFC (chartered financial consultant). Her approach to financial guidance is to follow a prudent...

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