Week 17 – Consignment Shopping: Annual Savings $43
This week I hit the local consignment store. This was new territory for me; I will have to admit, but a very good option for saving money. A 2nd hand store for children had opened up down the street from us less than a year ago and I finally took the time to gather some clothes my children had outgrown (some still with tags!) to get some money.
When you sell clothes in a consignment store, you need to have a very low expectation. They will definitely give you less that what you probably value the items to be worth. After all, they are running a business and their profit comes from the delta between how much they pay for the item and how much they sell it for. However, a key point to remember is that any money you get is value and let’s face it; outgrown clothes have no value to your family. To add insult to injury, they may even turn away some of your items for various reasons (too worn, overstocked or hard to sell). In my first experience, I sold $47 worth of clothes and then turned around and spent $33 in the store. For the items I purchased, (most with tags) I estimated that I would have spent $62 at the store (tax included) for a total savings of $43 on this trip.
When you sell and buy in the same transaction, you do not have to pay sales tax, which is an added savings. In the end, at a minimum you will get rid of some unneeded/ unwanted items and come out with necessities.
Here are a few more stores/sites that offer trade-in values: Once Upon a Child (onceuponachild.com) will exchange gently used clothes and baby gear. Babies “R” Us (babiesrus.com) will also sometimes accept trade-ins. For sports equipment, check out Play It Again Sports (playitagainsports.com). Music Go Round (musicgoround.com) will trade in old instruments and Gazelle.com will buy your unwanted electronics.
All data found on this website is Copyrighted by MOMTHATSAVES. Unauthorized reproduction is prohibited.
This week I hit the local consignment store. This was new territory for me; I will have to admit, but a very good option for saving money. A 2nd hand store for children had opened up down the street from us less than a year ago and I finally took the time to gather some clothes my children had outgrown (some still with tags!) to get some money.
When you sell clothes in a consignment store, you need to have a very low expectation. They will definitely give you less that what you probably value the items to be worth. After all, they are running a business and their profit comes from the delta between how much they pay for the item and how much they sell it for. However, a key point to remember is that any money you get is value and let’s face it; outgrown clothes have no value to your family. To add insult to injury, they may even turn away some of your items for various reasons (too worn, overstocked or hard to sell). In my first experience, I sold $47 worth of clothes and then turned around and spent $33 in the store. For the items I purchased, (most with tags) I estimated that I would have spent $62 at the store (tax included) for a total savings of $43 on this trip.
When you sell and buy in the same transaction, you do not have to pay sales tax, which is an added savings. In the end, at a minimum you will get rid of some unneeded/ unwanted items and come out with necessities.
Here are a few more stores/sites that offer trade-in values: Once Upon a Child (onceuponachild.com) will exchange gently used clothes and baby gear. Babies “R” Us (babiesrus.com) will also sometimes accept trade-ins. For sports equipment, check out Play It Again Sports (playitagainsports.com). Music Go Round (musicgoround.com) will trade in old instruments and Gazelle.com will buy your unwanted electronics.
All data found on this website is Copyrighted by MOMTHATSAVES. Unauthorized reproduction is prohibited.