In this economy, fashionistas have become recessionistas who must devise innovative ways to earn expendable income.  Here’s an idea. Most of us have a closet full of clothes and don’t wear half of them, so why not turn your unwanted clothing and accessories into cash?

(Me at Buffalo Exchange)

Consignment shops offer a percentage in cash or store credit/trade.  You’ll fill your wallet and recycle your wardrobe.  Here are a few of my favorite consignment shops in New York City (a web search will locate similar shops in your area).

Beacon’s Closet has two locations in Brooklyn (92 5th Avenue @ Warren Street in Park Slope and 88 N. 11th Street in Williamsburg).  The stores offer 35 percent in cash and 55 percent in store credit.  Beacon’s takes vintage, trendy, and contemporary clothing in good condition.

Buffalo Exchange also has two locations in New York City and more than 30 locations across the U.S.  They offer 30 percent in cash and 50 percent in store credit.  Buffalo has an eclectic mix of vintage and contemporary pieces, and some items are brand new with tags.  So remember a mix of cash and credit is always an option.

ReDress NYC is the only consignment I know of specializing in women’s plus size fashion (size 14 and up). The boutique’s owner, Deb Malkin, keeps the inventory funky and the store’s vibe lively.  If you’re in NYC, ReDress is hosting a Grand Opening party on Feb. 4 from 6-8 featuring champagne, burlesque performances, and tarot card readings.

Photo credits: Tracy Hopkins, John Carluccio