Over two years ago, we went from two incomes to one. A temporary setback.
Ten years ago, we temporarily put some stuff in storage. A lot of it is still there.
At some point, temporary simply becomes a new reality.
In this episode of the podcast, I talk about how we freed up some money each month, and put some extra cash in our pockets. In order to do that, we had to accept that short-term stopped being short-term long ago. Adjustments had to be made.
- Progress (or lack thereof) on the basement / home office renovation
- The in-laws visit (the excuse for the podcast going on hiatus)
- Saving money by ditching the cable and home phone
- Saving money by cutting our storage bill in half
- The value of stuff (hint: something is only worth what someone is willing to pay for it)
- Tips for selling stuff with online classified ads
- Tips for selling stuff at a yard sale
- Recognizing that temporary became long-term a while ago
Tips for selling your stuff
- Know your market. A reasonable price at a yard sale is about 10-15% of the retail value, depending on condition. Reasonable price when selling through an online classified site is around 30-40%
- Know your competition. When selling through an online classified site, compare items being offered that are similar to yours and price accordingly. Either up your marketing game to get top dollar, or, if you’re like me and your goal is to get rid of stuff, undercut for a quick sale.
- Check with your local police department and see if they offer a safe zone for completing online transactions in person.
- Bake in some room for haggling. Ask $40 if you are willing to accept $30. Most people want to think that they negotiated a better deal.
- If you have kids, a yard sale is perfect opportunity for a lucrative lemonade stand.