Families ‘making money through retrocycling’

Families are cashing in on old Christmas presents in an effort to raise additional money.

A study by Lloyds TSB Insurance has found that parents co…

Families are cashing in on old Christmas presents in an effort to raise additional money.

A study by Lloyds TSB Insurance has found that parents could make up to £735 by getting rid of their children's abandoned belongings.

Indeed, 80 per cent have moved on old toys in an effort to bolster their bank balance, 61 per cent have sold clothes, 46 per cent have flogged CDs and 34 per cent have got rid of gadgets.

This has become possible because of the increasing popularity of 'retrocycling', with games such as Twister and items like original Nike Air Jordans proving to be a hit.

People who are struggling financially in the first month of 2013 could sell some unwanted possessions in order to get by.

Chartered educational psychologist Dr Kairen Cullen said: "Taking steps to clear out unnecessary items can help us start the new year with a new sense of purpose."

By Amy White

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