Clean out your closets—there's money in there! Instead of hitting the mall to replace all the clothes you get rid of during this year's spring cleaning purge, throw a clothing swap party with friends. You'll save up to $100 or more if everyone walks away with a new outfit. You'll also conserve the resources and energy used to produce and transport new clothing. A swap is a great way to catch up with friends you haven't seen in forever. Anything left over can be donated to charity—and it only seems fair that the organizer gets the deduction! As bonus: Many charities will pick up large donations.
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Elizabeth Rogers is the co-author of The Green Book. Her latest book, Shift Your Habit, is about a new way of thinking that leads to both saving money and living consciously.