Browse Tag: cash

Tips for Consigning Clothing

pricetagsRemove the sales tags if it shows a low value or a price sticker.

    I collected a few sales tags to show you what people leave on their clothing that they are bringing in. “Outlet $9.99 Compare at $19.00” “Value Village $5.49” “Value Village $9.49” If the store prices based on a 1/3 rate of the retail value an item with a price tag of $5 would have to be sold at $1.60 of which the consignor would receive .64 cents. That is assuming the prices don’t drop or go on sale.

    It is in your best interest to remove the label from the inside, play on the fact that most people wouldn’t know the item is from Streetwear Society or George. At the very least remove the price tag. I find a lot of women think that because their items have original sales tags that it will increase the value of their items, it does not in most cases. The only instance where it would is if the item is an expensive highly sought after item such as a Lululemon jacket ($250) or Frank Lyman dress ($200).

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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!

 

Resistance and the Art of Not Shopping

How surreal it is to be writing a blog about the art of not shopping, being that I am an avid thrift shopper. We’ve read a million times that we need to be a less wasteful society, big on recycling, protesting against fast fashion and converting to efficient methods in our daily lives. I recently read Patrice’s blog post How Taking a Shopping Hiatus Can Lead to a Better Wardrobe and reflected on my own shopping habits and style. When you stop and think, you know what you wear regularly, what is a staple in your wardrobe and an idea of what your “style” might be.

gotooutfit I have never felt that I have a particular style, I just like things, I buy – I try it out. Patrice talks about her “go to uniform” and I started wondering what mine would be. A lot of women I’ve noticed recently, have a “go-to” that is leggings and a long tunic. I have never found leggings to be comfortable and I don’t find long tunics to be particularly flattering on my figure so that’s definitely out for me. But I do think high waist skirts and tucked in blouses are one I repeat often. I love my skinny jeans, cozy sweaters, big bold jewellery and a layered look. I have started the process of moving, with the intention of buying my first home so I am packing up off-season clothing and starting to take a closer look at my current closet. With my situation I am deciding if things are better to be sold, donated or brought with me.
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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!

A Year of Thrift

thriftlovetrip3 Just to refresh ourselves on my goal: Every month I would track my additional income through consignment as well as my spending in thrift. I gave myself a budget of $80 per month to shop with.

Some months I notice I was able to stick to my goal easily, others when I had felt more work stress, I would not. At least my stress is dealt with in thrift rather than ice cream! I also allowed my budget to be more lax when it was a 50% off sale day at Value Village OR it was a seriously impressive item I am not likely to find again.
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#NoShopSeptember

noshopseptember “Although I have been practicing being very brutal with myself, thinking over items for considerable time before making a decision: Will I wear this? Is it worth the price? Will it go with what I already own? How unique is it? Asking ourselves questions like this any time we are shopping is a great way to make your budget that much easier.”

I snatch up that passage from a reflection on last year’s #NoShopSeptember. I am already trying to keep up every month with my thrift challenge but there are two months of the year that drive me mental every year: September and October. Its quite simple really, the only thrift store I go to is Value Village, mainly because the others are not open when I am available to shop. Now Value Village switches to offering new product during this period for Halloween and it completely takes over the store.

For someone that enjoys discovering treasures, its more frustrating than anything to be sorting through sparkly skulls and cheap garbage in search of those unique finds. Last year I tried to not go thrifting at all for the entire month of September, this included purchasing items at the Store which is next to impossible when you see every item come in through the door! However, I stand by my usual rules and do my best to decide if its really “me” or if it can stay behind for someone else to discover.

Unlike other “No Shop” challenges, mine basically has no need for a listing of rules as I do not subscribe to store mailing lists (to be tempted by sales days) and I don’t feel setting a maximum budget for each month really applies when you are trying to not shop at all! Here’s hoping I have some success!!

Budgeting | Part 1 | “Start A Budget”


Often people wonder how I am able to change my wardrobe and furniture as much as I do without a huge salary. For me its quite simple: the thrift lifestyle! but a more accurate response is a little more complicated: I budget. My parents developed a way to track their budget more wisely after years of just having a loose idea in their minds of what goes where. They began watching “Til Debt Do Us Part” where they started learning even more tips and tricks.

Personally having never watched the show (hurray for no tv!) I find this basic excel sheet budget the absolute best tool one can have for their personal savings and spending. I have taken some time to write out a complete step by step tutorial on how to create and begin your budget over two very extensive blog posts. If you’re ready to start saving, click the link to begin the tutorial!

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