Browse Tag: finance

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:

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!

#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!!