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.

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