Advertising
Advertising

How to Have a Successful Garage Sale

How to Have a Successful Garage Sale

Spring is coming and with it comes spring cleaning! This is the ideal time to make some side cash, because you can gather everything you don’t use and sell it in a garage sale.

If you are really serious about making money from your garage sale, there are several tips and techniques that can help you get there, and we’ve listed each and every one of them below. Follow these tips, and you’ll be well on your way to having a few hundred dollars in your pocket.

Give Yourself Time

grab a box

    There’s no way that you can have a successful garage sale if you are rushed and stressed. Setting up a sale takes time and effort. For example, today would be a great time to start if you want to have a sale a month or two from now.

    Go through every room in your house one by one—spend a weekend on each if you need to. Grab a big box and a garbage bag to bring with you when you clean; everything that’s trash goes in the garbage bag, and everything that’s for sale goes in the box.

    Advertising

    Store your boxes of items from each room in the same place.

    Organize and Clean

    organize stuff

      Now that you have all your boxes in the same place, it’s time to organize.

      Empty the boxes and pack like items together. All kids clothes go in one box, while all toys go in another. Wipe down items with mild soap and water to ensure they are clean and look their best.

      Price Everything

      Advertising

      price tag

        Most people will not want to ask the price of something, so if it’s not clearly listed, they might walk away. In order to make sure that you earn the most money possible, be sure to put a price tag on every item.

        If you have a lot of smaller pieces, you can put them all in one box with a clearly marked label. For example, you can say “All Books $1” or “All clothing items $5 each.” This saves you time and lets the buyer know what you are expecting.

        Have Your Sale On a Saturday

        shutterstock_57712210

          Garage sale enthusiasts plan their Saturday mornings around them, so, it’s best to choose a Saturday in the spring so that you have a better chance of selling everything. Start your sale very early in the morning, but be sure to actually set it up even earlier than that. My most successful garage sale officially started at 8, but I sat outside early and sold almost 30 items before that time even rolled around!

          Advertise On Multiple Channels

          Advertising

          Businesswoman at her desk using a digital tablet

            With the Internet age, it’s important to advertise your sale in multiple ways.

            First, you should make signs to put around your neighborhood. Don’t choose small signs with small writing, since no-one can see them! The letters on your signs should be as big as a ruler: any smaller, and cars passing by won’t be able to read what you have on them!

            Also, be sure to put an ad on www.Craigslist.com with a picture of your big-ticket items. This could include your sofa, or a stack of hardback books. Ads without photos are easy to ignore, and most people won’t even bother to look at them, so make sure that you have a big, bright picture that’s enticing to buyers. You can also post a reminder ad on the morning of saying, “Sale going on right now!”

            Pro TipDon’t forget that old-school methods like putting an ad in your local newspaper are also an effective way to get buyers to come to your house.

            Accept Low Offers

            Advertising

            shutterstock_111349808 (1)

              People go to garage sales to get quality items for low prices. They will bargain with you, and you should definitely haggle with them. It’s hard to pinpoint exactly how low you should go, but just remember that the entire goal of the garage sale is to clean out your house and make money. So, if someone offers you $10 for a side table that you spent $60 on, that’s okay—remind yourself that you didn’t want it anyway, which is why it’s out on the curb. You’d be surprised at how much you’ll make when these little items add up, so be generous and accept low offers.

              Only Take Cash

              shutterstock_99602420

                This seems like a no-brainer, but it’s an easy one to forget. Many people might try to pay you with a check or offer to pay you online but don’t accept it! Although most people are likely genuine, you don’t want to be scammed. Cash in hand is the best and the only approach. Even if people have to drive to the bank to withdraw cash from the ATM, go ahead and let them do so for your own security.

                Donate the Rest

                shutterstock_67513879

                  When your garage sale is over, pack up the leftover items and donate them to a local thrift store. Be sure to pick up a receipt for tax purposes so that you make a little extra money at the end.

                  We hope that these tips help you to have a successful garage sale this year! Good luck!

                  More by this author

                  11 Reasons Why It’s Important to Follow Your Dreams How to Make Money Right Now How to Have a Successful Garage Sale 30 Money Questions to Ask Your Fiance BEFORE Marriage 42 Amazingly Free Things That Will Make You Smile

                  Trending in Money

                  1 How Personal Finance Software Helps You Get More Out of Your Money 2 The Best Ways to Save Money Even Impulsive Spenders Can Get Behind 3 How to Answer the Tough Question: What are Your Salary Requirements? 4 The Definitive Guide to Get Out of Debt Fast (And Forever) 5 35 Real Ways to Actually Make Money Online

                  Read Next

                  Advertising
                  Advertising
                  Advertising

                  Last Updated on January 2, 2019

                  How Personal Finance Software Helps You Get More Out of Your Money

                  How Personal Finance Software Helps You Get More Out of Your Money

                  Do you know what mental health experts point to as the biggest cause of stress in the United States today? If you said “money,” then ding, ding, we have a winner!

                  Three out of four adults today report feeling stressed out about money at least part of the time. People are either worried about not having enough money or whether they’re putting the money they do have to use in the best possible way.

                  Your money is either in charge of you or you’re in charge of it, there’s no middle ground. Using some type of personal finance software can help alleviate some of that money stress and better allow you to manage your money effectively. Without it, you may just be setting yourself up for constant financial worry. Life is already tough enough and there’s no need to make it more difficult by simply hoping your money issues will all work out in your favor. Hint: they won’t.

                  This guide will help you to understand how personal finance software can better assist with both accomplishing long term financial goals and managing day-to-day aspects of life.

                  Whether it’s tracking the savings plan for your child’s college fund or making sure you won’t be in the red with the month’s grocery budget, personal finance software keeps all this information in one convenient place.

                  What Exactly is Personal Finance Software?

                  Think of it like the dashboard in your car. You have a speedometer to tell you how fast you’re going, an odometer to tell you how far you’ve traveled, and then other gauges to tell you things like how much gas is in the tank and your engine temperature. Personal finance software is essentially the same thing for your money.

                  When you install this software on your computer, tablet, or smartphone, it helps to track your money — how much is going in, how much is going out, and its growth. Most personal finance software programs will display your budget, spending, investments, bills, savings accounts, and even retirement plans, levels of debt, and credit score.

                  Advertising

                  How It Leads to Financial Improvement

                  It shouldn’t come as a surprise, but people who regularly monitor their finances end up wealthier than those who don’t. When you were a kid, keeping track of all of your money in a porcelain piggy bank was pretty easy. As we get older, though, our money becomes spread out across things like car payments, mortgages, retirement funds, taxes, and other investments and debts. All of these things make keeping track of our money a lot more complicated.

                  Some types of personal finance software can help make things a little less complicated, setting you up to meet financial goals and taking away some of the stress associated with money.

                  Even if you already have a Certified Financial Planner (CFP) some type of personal finance software can be of great benefit. Whereas CFPs focus on the big picture of your money, they don’t handle the day-to-day aspects that determine your overall financial health.

                  It’s also not nearly as complicated as you might think and can take out a lot of the tedium that comes with doing everything on an Excel spreadsheet or with a pad and pencil.

                  Types of Personal Finance Software

                  When it comes to personal finance software, it generally fits into two categories: tax preparation and money management.

                  Tax preparation software such as Turbo Tax and H&R Block’s software can help with everything from filing income taxes to IRS rules and regulations and even estate plans. Plus, there’s the benefit of filing online and getting your refund check a lot faster than if you were to mail off your forms after waiting in line at the post office.

                  For the purpose of this article, however, will be focusing more on the personal finance software that aids with money management.

                  Advertising

                  Money management personal finance software will help you to see the health of your cash flow, pay down debt, forecast for expenses and savings, track investments, pay bills, and do a host of other things that 30 years ago would have practically required a team of accountants.

                  When to Use Personal Finance Software

                  So far we’ve gone over what exactly personal finance software is and how it can be a benefit to your money. The next logical step in this whole equation is determining when it should be used and how is the best way to go about getting started using it.

                  Below are four of the most common and practical ways to use personal finance software. If all or any of these apply to you and your money, then downloading some type of personal finance software is going to be a smart move.

                  1. You Have Multiple Accounts

                  There’s a good chance that when it comes to your money, it’s in more than one place. Sure, you probably have a checking account, but you may also have a savings account, money market account, and retirement accounts such as an IRA or 401k.

                  If you’re like the average American, you probably have two to three credit cards as well. Fifty percent of Americans also don’t have loyalty to just one bank and spread their money across multiple banks.

                  Rather than spending hours typing in every detail of every account you have into a spreadsheet, many programs allow you to easily import your account information. This will help to eliminate any mistakes and give you a bird’s eye view of everything at once.

                  2. You Want to Automate Some or All of Your Payments

                  Please don’t say that you’re still writing out paper checks and dropping each bill in the mailbox. While it’s noble that you’re doing your part to keep postal workers employed, we’re 18 years into the 21st century and you can literally pay every bill online now.

                  Advertising

                  There’s no need to log into every account you have and type in your routing number either.

                  With personal finance software you can schedule automatic payments and transfers between all of your imported accounts. Automatic transfers will help to make sure you have the necessary funds in the right account to ensure all bills are paid on the appropriate date. Late fees are annoying and do nothing but cost you money. It’s time that you said goodbye to them once and for all.

                  3. You Need to Streamline Your Budget

                  Perhaps the best feature of personal finance software is that it allows you track everything going in and out of your virtual wallet.

                  Nearly every brand of personal finance software out there has easy-to-read graphs and charts that allow you track every cent you spend or earn, should you choose. You might be pretty amazed when you see just how much you spent on eating out last month or if you splurged a little more than you should have on Christmas gifts last year.

                  Every successful business on the planet has a budget and using personal finance software can help you trim the fat on your spending in ways that affect your everyday life.

                  4. You Have Specific Goals to Meet

                  Maybe it’s paying off debt or saving for up something like a European vacation. Whatever your financial goal is, whether it’s long-term or short-term, personal finance software programs are one of the savviest ways to go about reaching those goals.

                  You can do everything from set spending alerts to notify you when you’re over budget to automating what percentage of your paycheck goes to things like retirement investments. The personal finance software that you choose should show you exactly how close you are to hitting those goals at any given time.

                  Advertising

                  How to Get Started

                  From AceMoney to Mint and Quicken, there ’s no shortage of personal finance software apps out there. Many of these programs are free to download and will allow you to pay bills, invest, monitor your net worth and credit profile, and even get a loan with the swipe of a finger.

                  Other programs may only offer you limited services and will require a one-time fee or subscription to unlock all that they offer. These fees can often vary from as little as two dollars to 50 bucks a month.

                  It’s best to start off with the free version and then gauge whether you’re able to accomplish everything you’d like or if it’s worth exploring one of the paid options. Often times the subscription programs come with assistance from financial planning and investment experts — so that can be a real benefit.

                  When deciding which personal finance software program to use, it’s also important to look at how many accounts you wish to monitor. Certain programs limit the number of accounts you can add. Be sure that if you have checking, credit card, and investment accounts to monitor, that you choose a service that can monitor them all.

                  Finally, when looking around for the right personal finance software that meets your needs, make sure that you’re comfortable with the program’s interface. It shouldn’t be expected that you recognize every single feature instantly, but if the features don’t seem readable and manageable to you, then you’re not as likely to use it and get the full benefits.

                  Final Thoughts

                  Personal finance software can go a long way in helping you to take control of your money and meeting your financial goals. It’s important to note, however, that some focus more on budgeting and expense tracking while others prioritize investing portfolios and income taxes. Explore several different programs and read reviews to find the one that’s right for you.

                  In this day and age, managing one’s personal finances in a secure manner that allows the user to have a real-time visual representation of their money is easier than ever before. With the numerous applications that are out there — both free and subscription-based — there’s no reason that every person can’t take control of their money and ensure they’re making smart money moves.

                  Featured photo credit: rawpixel via unsplash.com

                  Read Next