If you're still holding on to a few old CD players, VCRs, and flip phones, maybe just keep 'em until they hit "collectors item" status. According to a new survey, the average American could get about $199 for all of the old electronics they have in their house they aren't using anymore.

And when it comes to modern stuff, the best move is to sell it ASAP. Things like computers, smartphones, tablets, and video game systems go down in value about 26% per year. The survey also found the average person holds on to an old cell phone for more than a year after they get a new one and one in ten people keep their old phones for at least three years.

Look, the bottom line is people are bored staying at home and need something to occupy their time. They are actively seeking a good deal on used items.

My son, Elijah, has recently found a mini gold mine on eBay with his used video games.  He asked me one day if he could go turn in some of his games at the local video game store to get a new game. Well, the idea struck me, let me check and see if my eBay account was still active. I told him he could probably get way more money for his games by selling them rather than using them for store credit. Right off the bat, the games started selling like cold lemonade on a hot summer's day. Currently, he's made over $200 on his games that he probably would've gotten $30 for in trade.

So, I can speak from experience. If you have games or electronics laying around collecting dust, sell them.

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