Browse Tag: finances

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:

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:

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!

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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How Consignment Works

I am often asked about how I can afford to thrift as much as I do, they suggest my wardrobe is massive and bursting at the seams. I buy a lot of clothes, that we will admit up front. But I am buying clothing at a fraction of the retail price so you need to change your way of calculating. I only buy secondhand knowing that I get bored of things and change my style frequently. I also have the ability to open up my closet on any given day and pull out a ton of pieces that are not screaming my name.

Most people are not able to be this brutal as most people think of how much they spent and have an emotional attachment to things. The most emotional attachment I have ever felt with clothing is my inability to wear it after experiencing something traumatic or unpleasant in that outfit. For instance if someone broke your heart and the red dress was their favourite, you’re not likely going to want to wear it again because it will remind you. I have had a few items that have been tainted by experience so I need to remove them from my closet.

Don’t get me wrong I do donate a lot of items, but many items are still in great condition and worthy of generating extra cash. In working at a consignment store I know exactly what to look for and what will sell to our clientele. Each store has its own processes and requirements, so I can only speak to our way of doing things. Let me tell you a little bit about how consignment works.

Lightly worn items are brought into the store clean, pressed and ready to go on hangers. These are items that are in style, in season and purchased within the last two years. My job is to analyze each item that is brought in to decide if it is suitable for resale, quality and if we would potentially have a buyer for it. Once I decide to keep an item I change it over to our hangers and double check that there are no stains, rips or flaws. Once I have processed all the items I return the hangers along with any “no thank yous”. Continue Reading

Saying Goodbye to Union Street

Since paying off my car in November (or realizing I could go ahead and pay it off at any time without penalty!) I realized that with the help of my budgeting system I am able to save decent money and live off a smaller amount of income. I am working very hard at a few jobs and doing my best to live comfortably. I decided recently that I was close enough to start the process of looking for my first home.

The first step in making this decision come to life is giving notice on my rental house, cancelling services and beginning the process of finding out about the legalities of buying a home including mortgage, insurance and fees required. What I am looking for in a home is that of my current rental, a cute older home that has had some renovations done but still holds its original unique character. As I will be living there alone I do not need a ton of space but I do hope to have a decent yard that I will be able to actively use and garden.


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The Living Room

I have rented many apartments in my day, but this was the first real house, a semi-detached 100+ year old home in an old suburb of Kingston. When I toured the space I knew it needed considerable work but that’s never an issue as I enjoy the renovation process. At first glance it needed a solid cleaning, holes filled in and fresh paint.

The living room I’ll admit, is rather busy looking at the moment. I change it around every 4 months which is also when I do a deep clean of every room. I love my thrift treasures, artwork and trinkets so naturally it can look packed very quickly, but I assure you it is nice and cozy when you are physically in the room.

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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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Lessons of 2015

Here we are at another year’s end, saying goodbye to 2015 when it feels like yesterday we were saying hello. Did I accomplish everything I set out to? I did not set any concrete resolutions as I do not believe we can hold tightly to them, I do not like putting weight on my shoulders that is not necessary. “Goals” shouldn’t be a pedestal.

I now sit with a cup of cocoa, reflecting on the past year and pondering the future. I managed to sneak two tropical vacations into this year, a few thrifting trips to Ottawa, a trip to the bead stores in Toronto once or twice. I added a full time yoga routine into the mix as well as a second job increasing my work days to 12 hours. Continue Reading