"Money File"-Old Computers... New Money
Wednesday, February 27, 2008SUSIE GHARIB: In the "money file" tonight, making money with your old computer. Here's Terri Cullen, personal finance columnist at the "Wall Street Journal."
TERRI CULLEN, REPORTER, THE WALL STREET JOURNAL ONLINE: Consumers who need to upgrade their computers often face a confusing problem. What do I do with the old one? Tossing an old computer into the trash isn't a good idea, because they contain hazardous materials that can harm the environment. In fact, in some states, dumping a computer in the trash is a crime.
So what can you do with your old computer? Use it to help you make some money. Computers makers such as Sony, Gateway and Hewlett-Packard offer trade-in programs that take in any used computer. In exchange, the companies issue credits or cash back toward purchases of their own brands of computers. You can find out more on the manufacturer's web site by searching for the words "trade in." Computer retailers, such as Circuit City and Best Buy, also offer trade-in programs and in return consumers receive store gift cards.
How much is your old computer worth? A lot depends on the age and make of the model, but generally notebook computers are more valuable than desktops. Before you try to trade in or sell an old computer, make sure to transfer all personal data, photo and video files to your new computer. Then use disk-cleaning software to wipe out all your personal and financial information, so it can't be accessed by the new computer's owner. If your computer runs Microsoft Windows, you can find information on free disk- cleaning software on Microsoft's web site. If you own a Mac, a disk- cleaning program called disk utility comes already installed. By cleaning up your computer and trading it in, you can recycle it safely and make some money in the process. I'm Terri Cullen.
