Wednesday, July 20, 2011

Thursday's Tip



Today's tip is inspired by the show Hoarders: Burried Alive. (Experiencing a bit of insomnia as I write this, and I just happened to turn over and catch one of my "guilty pleasure" shows.) You can file it under "ways to save for a Disney vacation": have a garage sale! You'll make some cash and get rid of items you don't need--win/win!

We're actually planning our own yard sale in a few weeks. Most of the time, we donate outgrown clothing and other items to Goodwill or ARC or some other charitable organization. But our girls have recently outgrown several high-ticket items (tricycles, battery-operated car, Radio Flyer wagon) and after a few disappointing experiences with local consignment stores, we've decided it's time to try a yard sale.

We've recruited another family in the neighborhood to have a sale the same day (and maybe more will join us), to bring more traffic to our street. Our girls and their friend plan to set up a lemonade stand. And, as my grandmother--a yard sale veteran--always did at her sales, we also plan to sell ice cold soft drinks. (I think Grandmother made her biggest profits from that alone!)

Be sure to price items competitively. For clothing, we almost never price anything over $1. For most other things, a good rule of thumb is to always price it at half of the cost or less--and that's if it's in great condition. If something is well-worn, price accordingly. And by around noon, it's time to start marking items down and making deals!

Finally, at the end of the day, inventory and box up items that didn't sell to donate. After all, a tax write-off is better than having to return those unwanted items to your closet, right?

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