Donate: Nationwide, Goodwill, the Salvation Army, and Vietnam Veterans of America accept all kinds of clothing in good condition. Also check with churches, local hospitals, women's shelters, and agencies that work with the homeless to see if they have clothing-donation programs.

Sell: If you have like-new designer clothes, a wedding dress, or a great collection of Levi's you want to unload, it might pay to sell on consignment. Consignment shops tend to be selective but, as a result, sell a large percentage of the merchandise they accept and get good prices for it.

Tip: Wash or dry-clean all clothing.