Is Self Storage the Right Answer for You?

Did you inherit a bunch of furniture and memorabilia as part of a relative’s estate and need a place to store it safely? Maybe you recently downsized and need to “shelve” that overflow stuff until you can find a place for it or sell it. Or perhaps you are moving, renovating or divorcing and need a place to put everything until the dust settles.

There are all kinds of reasons people turn to self storage, and more Americans are doing just that every year. The self-storage industry has been growing an average of 3.8 percent annually since 2013, according to a report from IbisWorld, and is now worth more than $37 billion per year.

If you’re considering becoming the one in 11 people nationwide who pay for self-storage, however, you should first think about why you need the extra space and how long you expect to need it. Once all of that extra stuff is out of sight, it’s easy to ignore — even though warehousing it costs a premium every month.

There are good reasons to invest in a self-storage unit, says DoughRoller. When you’re buying, selling or renovating your home, you can keep your extra stuff safe in storage until it has a new home. If you have an end date in mind, you won’t pay the rental fee month after month just to keep your stuff hidden.

Another good reason to invest in a self-storage space is to protect an investment. If you have an antique car that you only drive in the summertime and no extra garage spots, it’s a good idea to store it in the winter. Another good use of self storage is to warehouse goods you sell or business documents you don’t need on a daily basis.

Too often, however, self storage is the final resting place for the things that people never really needed, but couldn’t bear to part with. If you rent a unit only in an attempt to get the #clutter out of your home, you’ll be wasting good money — $91 per month, on average — to keep that extra stuff out of sight and out of mind.

Like a gym membership, self storage can quickly turn into something you pay for without thinking or taking advantage of its full value. And remember: If you happen to miss a few payments without rehousing your stuff, the storage provider will solve your clutter problem on its own by seizing that stuff and auctioning it off.

Instead of turning to self storage to house your junk, get rid of it. Box up that old bread maker, kick that extra couch to the curb and contact ClothingDonations.org for a pickup. Your donation will not only help the nation’s veterans, but also save you the hassle of moving that stuff to another location and the cost involved with housing it. You’ll be better off without it.

Valuing Donated Goods for Tax Deduction

Major tax-preparation programs and applications from companies such as H&R Block, TaxAct and TurboTax offer valuation guides for used goods like those you often #donate to ClothingDonations.org, offering a range of values based on condition. Each pair of pants, for example, is worth about $5–$12 at resale, and that amount is deductible. Be forewarned, however, that the threshold for deductible donations of lightly used clothing and goods is typically $500, so try to #declutter often. If you would like to make a larger charitable donation, consult IRS Publication 526 for information.

Claim a Deduction for Your Donations

When you #donate a substantial amount of used goods such as clothing, housewares, furniture, books and other items to ClothingDonations.org, you can claim a charitable deduction on your federal 1040 form if you itemize. The Internal Revenue Service (IRS) allows taxpayers to deduct the fair market value for such goods — an estimate of what a buyer might pay for the used goods based on condition. ClothingDonations.org will provide you with a receipt for your #donation upon pickup, but you must estimate the value of the goods donated according to IRS Form #8283 to take a deduction.

Declutter Before Back to School

Most young people will return to school in just a few weeks. In many regions, school starts as early as mid-August, and that means there’s no time like the present to not only shop for the new clothes, textbooks and gadgets they’ll need for the upcoming school year, but also make room for those items by cleaning out some of the old stuff they won’t.

If your kids are still young, that’s great — you can help them form a foundation of habits that they can use throughout life. “Four-year-olds aren’t super-great declutterers, but they can certainly look through a pile of their drawings and pick out their favorites, or try out a pile of markers to figure out which ones are dried up,” says the Frugal Girl blog.

Help young children sort things into categories, and make “keep” and “get rid of” piles within each. Resist the urge to conduct the decision-making yourself; like everyone else, kids get attached to their stuff, and may be hurt if you make a call without their input. Instead, gently urge them to save only their favorites in each category (clothing, books, toys, etc.).

When they complete each segment of the task, box up the lightly-used stuff and contact ClothingDonations.org for a pickup. To keep things orderly, invest in some plastic bins to keep like items together, and reinforce the advantages of decluttering by pointing out how neat, clean and spacious their shelves and rooms become.

If your kids are already in their teenage years, the battle may be more difficult, says The Non-Consumer Advocate. Again, you should involve them in the decluttering process; it is not OK to arbitrarily clean and toss. Do, however, set concrete limits on how many of a particular item can be kept: X number of T-shirts or X number of games.

If you’re sending a child to college for the first time, you have a golden opportunity to declutter your home. You might have plans to repurpose his or her room, and even if you don’t, there’s likely a ton of stuff they won’t need during the transition into adulthood that you can store, sell, donate or throw away before they go.

As they pack for school, again: Create piles of items to keep, donate and trash. Almost any item of clothing your child doesn’t want to take to college is fair game for a donation, as are toys and games they’ve outgrown. Take this opportunity to have your child create his or her own bin of special memories, says the SpareFoot Blog, and store it in a safe place.

When your child moves out of the house for good, they can take that bin with them — and you can reclaim the space!

It’s time to transition—goodbye, summer and hello, fall!

It seems like we were just having our garage sales and greeting our kids as they got off the bus, ready for summer. While some of us are scrambling to get in that last minute vacation, many children only have a few days left before a new school year is underway! Translation—fall is upon us.

If you checked out our back-to-school tips, you’ll remember that we talked about the clothes shopping excursions that typically accompany a new school year. Sure your children (and yourself!) may only have gotten a few new items for their wardrobes, but you’d be surprised by just how much space a couple pairs of jeans, some sweaters, and new coats will take up in your closet. Not to mention, you have summer clothes you still need to keep out—where do you put it all?

Our friends over at The Huffington Post have some great tips for helping make that summer-to-fall closet transition a little easier. Here are their suggestions:

1.)    Go through your summer clothes. Now that the season is (almost) over, try on everything. If you don’t wear it or it doesn’t fit anymore, put it in a plastic bag for donation. Then go to our website, fill out a donation pickup request form, and we’ll pick the items up for you!

2.)    Don’t pack it all away yet. The weather is still warm for the rest of August and most of September, so only pack up a few items. Keep any pieces that can be worn in the fall easily accessible in your closet.

3.)    Evaluate old fall clothes. Just like your old summer clothes, try on these fall items. If they are too big or no longer fit your style, donate them to us! We’ll be happy to help those pants and sweaters find a home in a new closet.

4.)    “Hang fall clothes, organizing by type.” By keeping flannel shirts separate from the big sweaters and jackets, you’ll be better able to see smaller items. It also lets you see all of the pieces you own, to keep you from buying things you don’t need!

Now that you have the knowledge you need, start getting your closets prepared for fall today!