If like me you have a CD collection and a computer with a very large hard disk, do what I am doing and ‘rip’ large parts of your collection to your hard disk then give the CDs away to charity – Oxfam in my case. I have a laptop so I can plug my computer directly into my stereo (and I can’t tell the difference in sound quality between MP3s and my CDs). If you don’t have a laptop though you can get an inexpensive MP3 player (I see they cost as little as £15/$25 these days) and just plug that into your stereo when you want music.
That way you have convenient access to music, you rediscover discs you have probably forgotten about, you have cleared clutter out of your life, and you get to help people lift themselves out of poverty (or whatever charity you prefer). A real win win act!
P.S. If you are worried about how much storage space this would take on your hard disk, I currently have 2730 songs – 7.6 straight days worth of music – in 10Gb of disk space (and you may not need to store every track on every disc – there are probably plenty of tracks you find you don’t want on each one). An external 80Gb drive costs from around £50/$90 these days and would be very useful for backing up as well as music storage (you are backing up regularly, right?)