Browse Category: Thrift Challenge

Year End Consignment Update

Thrift Spending:

December 1st – $0
December 7th – $0
December 14th – $43
December 21st – $0
December 28th – $11

Total purchases: $54

Total income: $770

Number of items consigned: 34

Consignment Income $770 – Spending $54 = Month End Balance $716

A Year In Review

In 2016 I consigned 1044 items (say what!) and made $9244 return, but I spent $719 on goodies throughout the year. My best sales month was June with $1136 return and my worst month was February with only a $324 return. Holy moly! Every month I get increasingly better with my consignment choices but as you know most of it is just pure luck. You never know if Cinderella will walk into the store and find your items or not.

I feel like I am becoming more and more aware of my style and budget, really deciding if I want the item before I buy. I used to be more free spirited about it and think “Oh I’ll just consign it if I don’t like it”… but then you’ll discover a stain or a rip and you can’t consign it. Its a challenge with every haul there are going to be sacrifices as you can’t always closely examine every square inch of everything you buy.

All in all it was a very successful year for the challenge, I only blew my goal once or twice, ultimately coming under my goal (often by a long shot). In looking at the numbers every month it gives a better idea of the “best case scenario” of using consignment for your unwanted clothing and a little extra money. It also shows you that you can’t be upset with not making a lot on each item, many of the items I sold I got under $5 for. At the store we always say quantity is everything – because it is. You can’t expect a huge dollar value if you have only a handful of items for sale. If you have a lot to get rid of you’ll see a higher number. But then again, its all relative.

Monthly Consignment Update

Thrift Spending:

November 1st – $0
November 7th – $0
November 14th – $0
November 21st – $0
November 28th – $60

Total purchases: $60

Total income: $1076

Number of items consigned: 139

Consignment Income $1076 – Spending $60 = Month End Balance $1019

Monthly Consignment Update

Thrift Spending:

October 1st – $0
October 9th – $0
October 16th – $66
October 23rd – $0
October 31st – $0

Total purchases: $66

Total income: $1065

Number of items consigned: 98

Consignment Income $1065 – Spending $66 = Month End Balance $999

I decided only once this month to make a trip to Value Village, and let me tell you I was in and out as fast as I could the Hallowe’en garbage was everywhere as expected but I also forgot they dump piles of shoes all over the store … I can’t imagine how they sell them that way its beyond me. I found a few choice pieces on that trip including a steal of a deal on a large mounted print and Lucky Brand boots!

Monthly Consignment Update

Thrift Spending:

September 1st – $0
September 8th – $22
September 15th – $48
September 22nd – $0
September 29th – $0

Total purchases: $70

Total income: $830

Number of items consigned: 100

Consignment Income $830 – Spending $70 = Month End Balance $760

I did a little shopping last month which is okay, I still came in under my budget! I seem to go through spurts of having a desire to thrift and then a few weeks where it doesn’t cross my mind at all. Lately my issue with it is Halloween, Value Village is over-run by tacky cheap Halloween garbage which results in the stores being full for months of glittery skulls in a rainbow of colours. Not so fun for those of us that are genuinely wanting to thrift.

Monthly Consignment Update

Thrift Spending:

August 1st – $0
August 8th – $0
August 15th – $0
August 22nd – $0
August 29th – $0

Total purchases: $0

Total income: $1096

Number of items consigned: 127

Consignment Income $1096 – Spending $0 = Month End Balance $1096

Holy moly no purchases in August! I guess that is a combination of working so much and my thrift haul a few weeks ago to resell at the store, I had no interest in going to Value Village where the Halloween and Christmas junk has infiltrated!

Monthly Consignment Update

Thrift Spending:

July 1st – $15
July 4th – $11
June 11th – $27
June 18th – $0
June 25th – $0

Total purchases: $53

Total income: $837

Number of items consigned: 72

Consignment Income $837 – Spending $53 = Month End Balance $784

Monthly Consignment Update

Thrift Spending:

June 1st – $0
June 6th – $0
June 13th – $0
June 20th – $0
June 27th – $0

Total purchases: $0

Consignment Income:

June 1 through 5th – $133
June 6th through 12th – $362
June 13th through 19th – $250
June 20th through 26th – $306
June 27th through 30th – $85

Total income: $1136

Number of items consigned: 80

Consignment Income $1136 – Spending $0 = Month End Balance $1136


When you buy a house your priorities change. What can I say? I turned my focus 100% towards renovating and moving into my new home and completely ignored the thrift stores. I imagine the day will come when I feel the urge to shop, but right now I am looking at clearing out – styling what I currently have and making my yard sale finds new!

Monthly Consignment Update

Thrift Spending:

May 2nd – $21
May 9th – $42
May 24th – $18

Total purchases: $81

Consignment Income:

May 1 through 8th – $224
April 9 through 15th – $140
April 16 through 22th – $120
April 23 through 31th – $271

Total income: $755

Number of items consigned: 70

Consignment Income $755 – Spending $81 = Month End Balance $674


Wow this month I spent $11 over my budget with mostly housewares and a couple resale items that I sold at the store. All in all I’d say that’s not too shabby! I consigned less items this month and made roughly $100 less than last month. We can’t always have record-breaking months!

 

Monthly Consignment Update

Thrift Spending:

April 14th – $15
April 24th – $20

Total purchases: $35

Consignment Income:

April 1 through 10th – $206
April 11 through 17th – $195
April 18 through 24th – $349
April 25 through 30th – $94

Total income: $844

Number of items consigned: 105

Consignment Income $844 – Spending $35 = Month End Balance $809


What I have learned recently is that it does pay to save off season thrifted items to consign. A lot of our clients are of the mindset “I’m clearing out, I want it gone now!” Which is fair and understandable. However, it is summer and you are trying to “get rid of” your very nice winter wears, you could simply throw them all into a Rubbermaid bin to store until the proper season and make some cash! When you do consign right (based on the store) you can make a great supplement income with minimal effort involved.

Even a return of $2 on an item is $2 more than you had before. The better the item, the faster it sells, the greater the return value. Some items I can get $18 for, some I get $2… it is a gamble but like I said, its more than you had just throwing it away. Now having said that, sometimes things don’t sell at all and you have to donate it anyway. Nothing lost!

 

Monthly Consignment Update

Thrift Spending:

March 28th – $34

Total purchases: $34

Consignment Income:

March 1 through 6th – $141
March 7 through 13th – $241
March 14 through 20th – $269
March 21 through 27th – $148
March 28 through 31st – $133

Total income: $932

Number of items consigned: 144

Consignment Income $932 – Spending $34 = Month End Balance $898


I’m at a loss for words what can I say? When I set my mind to do something I follow through full tilt. Since deciding to purchase my first home (which I haven’t found yet!) I have completely put a halt on my spending. I visited Value Village maybe twice this month and only spent $34… I also sold some items on Kijiji which just increased my home savings.

I think the boost in sales is mostly in part to finally being able to consign spring items which in my opinion sell far better than anything else. Everyone here is chomping at the bit for warmer weather and sunshine! It does pay to save your off-season items!

Monthly Consignment Update

Thrift Spending:

Value Village on February 8th – $34
Value Village on February 10th – $18
Value Village on February 14th – $14

Total spending: $66

Consignment Income:

February 1 through 7th – $39
January 8 through 14th – $125
January 15th through 21st – $25
January 22nd through 29th – $135

Total income: $324

Number of items consigned: 54

Consignment Income $324 – Spending $66 = Month End Balance $258


I announced last month I would have a new goal of $70 per month for thrifting purchases and I managed to come in this month just under the wire! I’m quite proud of my spending, I have definitely curbed it for the better. Being very particular about my purchases and increasing the rate I consign to generate more income. I have also noticed a sizable increase in the prices at Value Village once again this month so that is also a buzz kill.

Monthly Consignment Update

I thought this year I would try tracking my purchases and consignment income a little more closely based on the success of my first year of the “Thrift Challenge“.

Thrift Spending:

Value Village half price sale purchases total:
January 10th – $160 Belleville ($100 in consignment-worthy goods)
January 11th – $38 Kingston
January 20th – $56

Total purchases: $254

Consignment Income:

January 4 through 10th – $105
January 11 through 17th – $37
January 18th through 24th – $70
January 25th through 31st – $137

Total income: $349

Number of items consigned: 55

Consignment Income $349 – Spending $254 = Month End Balance $95


This year I will be lowering my monthly spending goal to $70 per month with the exception of months where a half price sale is applicable as I take this as an opportunity to collect items for resale and therefore income! Sadly to start out the new year I painfully failed my goal, damn you half price days!