Browse Tag: 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:

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:

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!

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!!

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