Is there money hidden amongst the old junk in your basement?

Many of us – certainly this writer – have the bad habit of hanging on to things way too long. We think either that we might need them again one day, or that perhaps they will – again, in some imaginary future – be worth something.

In a lot of cases, your old junk is just that. Junk. But sometimes, things we hang on to can indeed be worth a few loonies and toonies.

According to the Finance Buzz blog, old tech can be worth real coin.

An original Atari game console from the 80s, the blog suggests, can go for as much as $1,649 U.S., depending on condition. A new Cabbage Patch Kids doll, if unopened and still in its original box, could fetch around two grand in American money, the blog adds.

And even the cassettes we used to play in our cars can be worth money – again, if it is in mint, unopened shape. “A 1982 factory-sealed cassette from The Police (Synchronicity) could set a serious buyer back almost $200,” the blog adds.

It almost feels like you should buy two of each thing you want. You would then keep one to use, play with, and enjoy, and an unopened twin to put away as an investment. Interesting.

The Mearto blog lists a few more items that have shot up in value – perhaps while sitting in your basement.

Vintage magazines, the site says, can be worth money. “Fashion magazines from bygone eras are in demand from collectors who like to see how trends have been recycled and repurposed over time. You may be able to sell a single magazine, originally purchased for $1 or less, for a significant profit, particularly if there is a well-known celebrity on the cover, or if it is a special, hard-to-find issue,” the blog suggests.

Maybe you have some old posters or ticket stubs from long-ago sporting events, the blog continues.

“We estimated the value of a set of three ticket stubs for the 1984 Olympic Gold Medal basketball game at over $75,000 (USD) because the American team was led to victory by Michael Jordan, coached by Bobby Knight and consisted of several other big-name players. Stubs that are in good condition and posters from historic sporting events hold a lot of appeal for collectors of sports memorabilia,” the blog explains.

Another friend of ours was able to get several thousand Canadian dollars for old stamp and coin collections he inherited – he got a dealer to put them up for auction.

The Moneywise blog picks up on this theme, urging us all to check our change jars for older coins.

There was a time when dimes and quarters were made of silver – you can hear it when you drop the coins on a counter and they ring. Also, the coin counting machines won’t take these old beauties.

“Given their age, these coins won’t be the ones lying around on counters or lining pockets,” the blog notes. “They might be stored in boxes in basements, attics, sheds and makeshift storage spots that date the age of these coins. But it’s a worthwhile quest. As of April 7, 2026, silver is sitting at $71.60 per ounce (in U.S. dollars),” the blog notes.

The Cut the Clutter website picks up on the theme of going through your old possessions and selling off anything you don’t need that could be of value.

“That mess piling up in your garage or closets might actually be worth something. Selling what you don’t use anymore is not just about creating space—it’s about discovering value in the things you’ve overlooked,” the blog notes.

Ways to move the items, the site suggests, include estate sales (if you are cleaning out things from a late relative, perhaps), yard sales, or online selling.

“Start by taking good-quality photos of the things you want to sell and posting them on platforms like local marketplaces or apps. Be honest in your descriptions, highlighting any flaws as well as unique features. Transparency builds trust with buyers and ensures smoother transactions,” the blog advises.

So, before you give away or throw away old clutter, check online to see if it might be worth something.

The “free” money you get from your clutter might find a new home in your long-term retirement savings piggy bank.

The Saskatchewan Pension Plan allows you to make one-time contributions in many ways, including via online banking when SPP is set up as a bill. SPP is a voluntary defined contribution pension plan that’s open to any Canadian with registered retirement savings plan room.

No matter how your savings dollars come to SPP, we will invest them in our low-cost, professionally managed and diversified pooled funds. At retirement, you can choose from such income options as a lifetime monthly annuity payment or the more flexible Variable Benefit.

Check out SPP today!

Join the Wealthcare Revolution – follow SPP on Facebook!

Many impacts for parents when adult kids are forced to move back home

Work is done, the mortgage is paid, debt is finally under control – and then the nest, empty for years, fills up again.

What are some of the impacts on retired people when adult children – perhaps due to housing difficulties, unemployment, illness or other reasons – move back home with their senior parents? Save with SPP decided to have a look around to see what people are saying about this growing trend.

Writing for MoneyWise, Chris Clark reports that “a volatile economy, high student debt and rising housing prices have seen many adult kids `boomerang’ back to their childhood homes in droves.”

Clark cites recent research from Thrivent that found “soaring real estate costs, among other factors, have made it increasingly difficult for young adults to afford their own homes — forcing many to return to their parents as a temporary solution while they save money or search for more affordable options.”

And, Clark continues, a recent USA Today poll found that “65 per cent of parents admitted to providing some sort of financial support to their kids between the ages of 22 and 40… with parents shelling out an average $718 USD a month to support their adult kids.”

There are financial consequences for parents of boomerang kids, Clark notes.

“When kids move back in, household expenses inevitably increase. Parents may find themselves paying higher utility bills, buying more groceries, and covering additional living expenses. These increased costs can strain the household budget, especially for parents who are nearing retirement or are already retired,” Clark notes.

“Parents may dip into their retirement funds or delay their retirement plans to accommodate the needs of their adult kids — potentially jeopardizing their financial security in the long term and draining the money available for their golden years,” Clark adds.

The Times of India expands on the consequences for parents.

“The increased household costs for groceries, utilities, and healthcare are taking a toll, with some families opting to create cost-sharing arrangements,” the publication reports.

Financial advisor Alex Gonzalez tells the publication that “taking care of your adult children is an act of love, but it requires a delicate balance between a desire to help and your own financial planning.”

Indeed, the article continues, “38 per cent of parents report that their long-term savings, including retirement contributions, have been impacted by the return of their adult children. Another 39 per cent say their short-term financial goals, such as saving for vacations or home renovations, have also been affected.” The article refers to U.S. statistics.

The Times article concludes with this advice.

“As the number of boomerang kids continues to rise, American families are adjusting to the new financial realities of multigenerational living. While the return of adult children can offer emotional support, it is reshaping household dynamics and requires careful financial planning to navigate successfully.”

An article on the Focus on the Family Canada website provides some guidelines that were set by the author and his wife when their 22-year-old son faced homelessness after bouncing around and living with friends.

They set rules, such as no guests were to be allowed when the parents weren’t home, that the parents have the final word on house rules, that the son would get a job, pay his own way, and “equip himself for the future.”

While things were difficult at first, the author notes, their son has generally followed the rules and is growing more independent.

“For the first time, (our son) is making his own doctor appointments, paying his bills and taking charge of his life. In the past, we would have done all of these for him. Our decision to maintain a `hands-off’ policy has nudged Brad toward greater independence.”

Perhaps having an adult child move home will present you with an opportunity to get them thinking about long-term saving.

If your child does not have a pension plan through work, the Saskatchewan Pension Plan may offer a helping hand in the savings department. Members decide how much they want to contribute annually – the plan is open to any Canadian with available registered retirement savings plan room.

Members can also transfer funds into SPP from any RRSPs they may have to consolidate the nest egg.

SPP does the heavy lifting from there, investing all contributed funds in our professionally managed, low-cost pooled fund. When it’s time to retire, member options include the security of a lifetime monthly annuity payment or the more flexible variable benefit.

Check out SPP today!

Join the Wealthcare Revolution – follow SPP on Facebook!

By Sheryl Smolkin

It was the dead of winter in my neck of the woods last week, but that didn’t stop bloggers and personal finance writers across the country from writing and tweeting to stay warm. In particular, the blogosphere was buzzing about the “first world problems” of Vancouver couple  Eric and Ilsa (a doctor and a dentist) with five kids and earning potential of $450,000/year who can’t make the numbers work to build a house in pricey Vancouver.

In a disconcerting column in the Globe and Mail, Gail Johnson wrote about every homeowner’s worst nightmare. Fred Weekley, the mayor of the district of Katepwa Beach in Saskatchewan managed to intercept a fraudulent transfer of the title of his family home, but others seniors with paid up homes have not been so lucky.

On MoneyWise, Sean Cooper wrote Turning an RSP Into Income: My Mom’s Story. Like many baby boomers, Maureen found herself ‘house rich, cash poor’. After working so hard to pay down her mortgage she wasn’t too keen on a reverse mortgage, so she sold her house for top dollar and moved to a low maintenance, less costly condo.

Many bloggers make a career out of passing on their tips for living frugally, Barry Choi on Money We Have talks about Money Well Spent for a change. I agree that travel and eating out (if you can afford it) are two of life’s great pleasures. We also have a Kitchen Aid Mixer, but I have never felt the need for a Vitamix.

If you are wondering what the drop in the Bank of Canada’s lending rate to .75% this week could mean for your finances, take a look at Tim Shufelt’s piece in the Globe and Mail The winners and losers following the Bank of Canada’s surprise rate cut.

And for all of you who have been day-dreaming about a new car but realistically need to stick with your current vehicle for a few more years, Stephen Weyman on HowToSaveMoney.ca gives helpful hints on How to make your new car last forever. A good rust-proofing job, finding the right mechanic, knowing how much car repairs should cost and buying your own parts for up to 90% off will help.

Do you follow blogs with terrific ideas for saving money that haven’t been mentioned in our weekly “Best from the blogosphere?” Share the information with us on http://wp.me/P1YR2T-JR and your name will be entered in a quarterly draw for a gift card.