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8 of the Best Places to Buy Used Goods Online

8 of the Best Places to Buy Used Goods Online

You don’t have to spend a lot of money on electronics, home furnishings, clothing, or other items you use every day. In fact, you can save a lot of money if you buy a lot of these items in previously-owned condition. You can get some great deals when you search through online want ads and find items being sold by people in your area. Just make sure that you are being safe when shopping online, and only meet sellers in well-lit, public places.

Here are some of the best places to buy used goods online:

1. Sell

    This free site is easy to use and you don’t need to use a credit card to sign up. You will find the best deals on items you want and you can even set up a “Wish List” so you will be notified via email when items become available. All negotiations are private and sales are completed quickly and easily. If you buy items in bulk, you can negotiate for volume pricing discounts.

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    2. Poshmark

      You are always protected when you shop here. Your payments are held until you inform Poshmark that you have received your order. You will then have three days to notify the company if there are any issues. When your claim is verified, you will receive a refund. If no contact is made after this three day period, your payment will be released to the seller, and all sales are then final with no refunds.

      3. Gadget Salvation

        If you are looking to upgrade your laptop, you can get some great deals here. Yes, the items are all used, but because they are inspected before they are purchased from the original owners, you know that you are getting quality goods at the absolute lowest prices. If you haven’t considered it before, definitely consider buying your laptops used.

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        4. Geebo

          This is more than just an online classified ad website. It is a community that was created by people to make buying and selling easier for people. There are things that are missing from traditional classified ads, and this site fills in those gaps. You will be able to find people in your area who are selling the items you are looking for and there are many more sellers on this site than you will find in the newspaper ads.

          5. Letgo

            Here is another site where you can find all kinds of cool stuff for sale. It is easy to buy on Letgo, with loads of categories to choose from. Don’t forget to check out the home page to see some interesting items for sale. Find items you want, tap on them, chat with the seller, and arrange to buy the items. It’s as simple as that.

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            6. Backpage

              Whether you are in the USA, Canada, or just about any other location in the world, you can buy used goods online quickly and easily. This is an online classified ad service that can get you in touch with sellers in your neighborhood that have exactly what you are looking for, at prices that are low and competitive.

              7. Gone

                This site buys used goods that are in excellent condition and then sells them at greatly discounted prices. You can be sure that each item has been inspected before being put up for sale, that you will be getting exactly what has been described, and that the condition is guaranteed.

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                8. Mercari

                  This is buying and selling made easy. All you have to do is search for the items you are looking for and then you are connected with a community that is selling just about everything you can think of. You can safely pay for your purchases with your credit card, debit card, or with PayPal.

                  Featured photo credit: Krzysztof Puszczyński via stock.tookapic.com

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                  Jane Hurst

                  Writer, editor

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                  Last Updated on September 2, 2020

                  How to Set Financial Goals and Actually Meet Them

                  How to Set Financial Goals and Actually Meet Them

                  Personal finances can push anyone to the point of extreme anxiety and worry. Easier said than done, planning finances is not an egg meant for everyone’s basket. That’s why most of us are often living pay check to pay check. But did anyone tell you that it is actually not a tough task to meet your financial goals?

                  In this article, we will explore ways to set financial goals and actually meet them with ease.

                  4 Steps to Setting Financial Goals

                  Though setting financial goals might seem to be a daunting task, if one has the will and clarity of thought, it is rather easy. Try using these steps to get you started.

                  1. Be Clear About the Objectives

                  Any goal without a clear objective is nothing more than a pipe dream, and this couldn’t be more true for financial matters.

                  It is often said that savings is nothing but deferred consumption. Therefore, if you are saving today, then you should be crystal clear about what it’s for. It could be anything, including your child’s education, retirement, marriage, that dream vacation, fancy car, etc.

                  Once the objective is clear, put a monetary value to that objective and the time frame. The important point at this step of goal setting is to list all the objectives that you foresee in the future and put a value to each.

                  2. Keep Goals Realistic

                  It’s good to be an optimistic person but being a Pollyanna is not desirable. Similarly, while it might be a good thing to keep your financial goals a bit aggressive, going beyond what you can realistically achieve will definitely hurt your chances of making meaningful progress.

                  It’s important that you keep your goals realistic, as it will help you stay the course and keep you motivated throughout the journey.

                  3. Account for Inflation

                  Ronald Reagan once said: “Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hitman.” This quote sums up what inflation could do your financial goals.

                  Therefore, account for inflation[1] whenever you are putting a monetary value to a financial objective that is far into the future.

                  For example, if one of your financial goal is your son’s college education, which is 15 years from now, then inflation would increase the monetary burden by more than 50% if inflation is a mere 3%. Always account for this to avoid falling short of your goals.

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                  4. Short Term Vs Long Term

                  Just like every calorie is not the same, the approach to achieving every financial goal will not be the same. It’s important to bifurcate goals into short-term and long-term.

                  As a rule of thumb, any financial goal that is due in next 3 years should be termed as a short-term goal. Any longer duration goals are to be classified as long-term goals. This bifurcation of goals into short-term vs long-term will help in choosing the right investment instrument to achieve them.

                  By now, you should be ready with your list of financial goals. Now, it’s time to go all out and achieve them.

                  How to Achieve Your Financial Goals

                  Whenever we talk about chasing any financial goal, it is usually a two-step process:

                  • Ensuring healthy savings
                  • Making smart investments

                  You will need to save enough and invest those savings wisely so that they grow over a period of time to help you achieve goals.

                  Ensuring Healthy Savings

                  Self-realization is the best form of realization, and unless you decide what your current financial position is, you aren’t heading anywhere.

                  This is the focal point from where you start your journey of achieving financial goals.

                  1. Track Expenses

                  The first and the foremost thing to be done is to track your spending. Use any of the expense tracking mobile apps to record your expenses. Once you start doing it diligently, you will be surprised by how small expenses add up to a sizable amount.

                  Also categorize those expenses into different buckets so that you know which bucket is eating most of your pay check. This record keeping will pave the way for cutting down on un-wanted expenses and pumping up your savings rate.

                  If you’re not sure where to start when tracking expenses, this article may be able to help.

                  2. Pay Yourself First

                  Generally, savings come after all the expenses have been taken care of. This is a classic mistake when setting financial goals. We pay ourselves last!

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                  Ideally, this should be planned upside down. We should be paying ourselves first and then to the world, i.e. we should be taking out the planned saving amount first and manage all the expenses from the rest.

                  The best way to actually implement this is to put the savings on automatic mode, i.e. money flowing automatically into different financial instruments (mutual funds, retirement accounts, etc) every month.

                  Taking the automatic route will help release some control and compel us to manage what’s left, increasing the savings rate.

                  3. Make a Plan and Vow to Stick With It

                  Learning to create a budget is the best way to get around the uncertainty that financial plans always pose. Decide in advance how spending has to be organized

                  Nowadays, several money management apps can help you do this automatically.

                  At first, you may not be able to stick to your plans completely, but don’t let that become a reason why you stop budgeting entirely.

                  Make use of technology solutions you like. Explore options and alternatives that let you make use of the available wallet options, and choose the one that suits you the most. In time, you will get accustomed to making use of these solutions.

                  You will find that they make it simpler for you to follow your plan, which would have been difficult otherwise.

                  4. Make Savings a Habit and Not a Goal

                  In the book Nudge, authors Richard Thaler and Cass Sunstein advocate that, in order to achieve any goal, it should be broken down into habits since habits are more intuitive for people to adapt to.

                  Make savings a habit rather than a goal. While it might seem to be counterintuitive to many, there are some deft ways of doing it. For example:

                  • Always eat out (if at all) during weekdays rather than weekends. Weekends are more expensive.
                  • If you are a travel buff, try to travel during off-season. You’ll spend significantly less.
                  • If you go shopping, always look out for coupons and see where can you get the best deal.

                  The key point is to imbibe the action that results in savings rather than on the savings itself, which is the outcome. Focusing on the outcome will bring out the feeling of sacrifice, which will be harder to sustain over a period of time.

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                  5. Talk About It

                  Sticking to the saving schedule (to achieve financial goals) is not an easy journey. There will be many distractions from those who are not aligned with your mission.

                  Therefore, in order to stay the course, surround yourself with people who are also on the same bandwagon. Daily discussions with them will keep you motivated to move forward.

                  6. Maintain a Journal

                  For some people, writing helps a great deal in making sure that they achieve what they plan.

                  If you are one of them, maintain a proper journal, where you write down your goals and also jot down the extent to which you managed to meet them. This will help you in reviewing how far you have come and which goals you have met.

                  When you have a written commitment on paper, you are going to feel more energized to follow the plan and stick to it. Moreover, it is going to be a lot easier for you to track your progress.

                  Making Smart Investments

                  Savings by themselves don’t take anyone too far. However, savings, when invested wisely, can do wonders.

                  1. Consult a Financial Advisor

                  Investment doesn’t come naturally to most of us, so it’s wise to consult a financial advisor.

                  Talk to him/her about your financial goals and savings, and then seek advice for the best investment instruments to achieve your goals.

                  2. Choose Your Investment Instrument Wisely

                  Though your financial advisor will suggest the best investment instruments, it doesn’t hurt to know a bit about the common ones, like a savings account, Roth IRA, and others.

                  Just like “no one is born a criminal,” no investment instrument is bad or good. It is the application of that instrument that makes all the difference[2].

                  As a general rule, for all your short-term financial goals, choose an investment instrument that has debt nature, for example fixed deposits, debt mutual funds, etc. The reason for going for debt instruments is that chances of capital loss is less compared to equity instruments.

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                  3. Compounding Is the Eighth Wonder

                  Einstein once remarked about compounding:

                  “Compound interest is the eighth wonder of the world. He who understands it, earns it… He who doesn’t… Pays it.”

                  Use compound interest when setting financial goals

                    Make friends with this wonder kid. The sooner you become friends with it, the quicker you will reach closer to your financial goals.

                    Start saving early so that time is on your side to help you bear the fruits of compounding.

                    4. Measure, Measure, Measure

                    All of us do good when it comes to earning more per month but fail miserably when it comes to measuring the investments and taking stock of how our investments are doing.

                    If we don’t measure progress at the right times, we are shooting in the dark. We won’t know if our saving rate is appropriate or not, whether the financial advisor is doing a decent job, or whether we are moving closer to our target.

                    Measure everything. If you can’t measure it all yourself, ask your financial advisor to do it for you. But do it!

                    The Bottom Line

                    Managing your extra money to achieve your short and long-term financial goals

                    and live a debt-free life is doable for anyone who is willing to put in the time and effort. Use the tips above to get you started on your path to setting financial goals.

                    More Tips on Financial Goals

                    Featured photo credit: Micheile Henderson via unsplash.com

                    Reference

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