19 month old Sloane has loads of toys and clothing but she's outgrowing them all too quickly.
Norah Weinstein, CEO & Co-Founder of HandMeDowns.com says, "I have just seen what I think every parent knows, that aside from how expensive things get, the shelf life of things just flies by."
That's why Norah helped develop a new website, handmedowns.com. it allows parents like Michelle Zipper of Manhattan to buy, sell, or give away her son Jayden's hand me downs.
Zipper, says, "I have an exersaucer that I'm gonna do. He's done with it and it's too big to store it."
Jane Buckingham, the Co-Founder of HandMeDowns.com says "Now we have one hundred thousand people per month, and it's growing everyday."
Parents can make a buck or two selling things like strollers.
Zipper says, "Who needs four strollers? You think you do so I put a stroller on there."
It's also a chance to buy items at a discount.
Buckingham says, "Think that obviously with the recession, people are looking to save money. So that they can buy something like the Peg/Perego stroller which is on the site now for $75. Retail it's $475."
The site is localized for each city and it's free to use.
But if you want your listing to appear at the top of a category, you can buy what's called a premium listing.
Handmedowns.com is also a way for parents to go green.
Buckingham says, "Especially with baby toys. They're made with plastic. The fewer we can actually buy, the better."
Now you can recycle celebrity hand me downs.
Nicole Ritchie recently donated fifteen items to auction off on the site.
The proceeds went to charity.
Weinstein says, "Next month we have Angelina Jolie stuff. So everyone's pretty excited to see what she's giving us."