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How to Have a Successful Garage Sale

How to Have a Successful Garage Sale
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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.

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    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

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      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

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          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

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          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

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              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

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                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

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                  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.

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

                  More by this author

                  Catherine Alford

                  Catherine is the go to personal finance expert for educated, aspirational moms who want to recapture their life passions.

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                  Last Updated on July 20, 2021

                  Financial Freedom is Not a Fantasy: 9 Secrets to Get You There

                  Financial Freedom is Not a Fantasy: 9 Secrets to Get You There
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                  Have you ever considered your life now, and how it would be if you had more time to spend with your family and less worries about money?

                  Nowadays, financial stress is one of the most troublesome weights in life. If you’ve ever encountered financial stress, you know the difficulty of not having enough income to pay your obligations or bills.

                  Many people say that money is not the ultimate goal of life. While that’s true, money certainly plays a very significant role. The meaning of financial freedom changes with the different phases of our life, but ultimately, it is something that many people strive for.

                  In this article, we’ll explain how to capture that financial freedom you’ve been looking for. Read on to learn the secrets to financial freedom.

                  Break Free of Your Finances

                  Financial freedom is about having a constant flow of cash from your assets to cover all your regular needs.

                  When you are not worried about your income, or living paycheck to paycheck, you gain a great sense of freedom. It’s the freedom to be obtain and do what you truly need to make your way through everyday life.

                  Gaining financial freedom, though, is a process of growth, making small improvements and gaining emotional strength.

                  Though it seems hard to believe, it is really very simple to get financial freedom.

                  To do so, you simply need to make sure that your assets exceed your liabilities. In other words, you’ll need to find the sweet-spot where your residuals meet or surpass your expenses. This is something that you can achieve with the proper plan.

                  While not every person will accomplish financial freedom, the potential for anyone to do so is certainly there. Anyone can achieve this success, regardless of their income level.

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                  Outlined below are 9 secrets that will help you in your goals of achieving financial freedom.

                  1. Stop Unnecessary Spending

                  We often spend money inwardly, instead of objectively.

                  For example, you may spend when you’re anxious, depressed, restless, exhausted, from fear of missing out, or to please others. This is a very unhealthy way to handle your finances.

                  To stop this habitual spending, log down all your spending over the course of a month.

                  Just as some people keep a food diary, keep an expense diary. Remember not to just write down how much and what you spent the money on, also include the circumstances of why you spent the money. Was it an impulse buy at the checkout line or was it something you planned to purchase?

                  This increased self-awareness could enable you to avoid triggering situations in the future when you are considering an impulse buy.

                  2. Plan a Monthly Budget

                  This is a great opportunity to get serious.

                  Take a seat with your spouse or partner and make a monthly budget based on your income, not your expenses. You are never again going to spend more cash then you have on hand.

                  Overspending is the thing that led you to more financial obligations. Make sure you decide every month what is coming in and what will be going out and stick to that budget… no matter what.

                  3. Cut-up Credit Cards

                  Perhaps you are the type of person who always pays your credit card balance in full before the end of your billing cycle, and enjoys the reward points you gain. If this is the case, then you’re already way ahead of the game.

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                  If not, you may want to consider ridding your life of the burden that credit cards bring.

                  Many cards have strategies set up so that if you make a certain number of late payments, they will raise your interest rate much higher. This can really add up in the long run and you won’t be doing your financial situation any favors. If you’re prone to late payments or have a large balance due on your cards, cut them up!

                  Without proper self control on credit card spending and payments, you are basically throwing your money away. To ensure that you have better control over your spending, use only cash or debit for all future purchases (and don’t forget to pay at least your minimum payment on your cut-up cards each month!).

                  4. Increase Savings

                  There is no doubt that for a comfortable retirement you must accumulate satisfactory savings throughout your working life.

                  It’s good practice to save up to 15% of your income.

                  Start with your workplace 401(k), if you have one. If not, a Roth IRA (if you are eligible) or a traditional IRA (if you are not eligible for the Roth) are the next logical steps.

                  Increase in longevity means you might be able to look forward to 25 to 30 years in retirement, or possibly even significantly more. Investing now in good retirement plans will ensure that you have a guaranteed a stable monthly income when the time comes to stop working. [1]

                  5. Invest Wisely

                  Consider investing in funds.

                  Specifically, you will gain higher returns if you invest in different types of mutual funds such as Debt funds, Equity funds and Hybrid funds with a proper balance, although it absolutely relies on your personal preferences and sense of risk taking.

                  To get the most of these benefits, make sure you are investing in a variety of assets. Another resource of investing in mutual funds is SIP (Systematic Investment Plan) where you invest some money every month in funds. SIP works by averaging the per unit price of the stock.

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                  Mutual fund investors are aware of the benefits of an SIP (Systematic Investment Plan). For one, it is the most secure way to invest in equity mutual plans so that wealth is created over a long period of time. This plan also helps you to gain a better sense of financial discipline, which will come in handy in all your financial endeavors.

                  6. Invest in Gold

                  There isn’t really a better way to invest in gold than to have the physical gold itself in your possession.

                  You can purchase gold coins and bars from mints as well as from coin dealers and other private sellers.

                  Another way to invest in gold is through ETFs (Exchange Traded Funds).

                  These are is similar to mutual funds but they are exclusively investments of gold. ETFs are great because they offer more liquidity; the ETF owns the actual physical gold, stores it, and retains the value of the shares. These shares can then be bought and sold in the stock market, and one big benefit is that the transaction costs of gold ETFs are much lower than the that of physical gold.

                  With its consistently-increasing demand, investment in gold can be very wise long-term investment to make.

                  7. Stash Emergency Funds

                  Whether it’s a cash gift or a work bonus, always try to save any extra money that comes your way rather than making unneeded purchases.

                  If you get paid every other week, you’ll get an “extra” paycheck (three rather than the usual two) twice a year. Either save those paychecks towards your emergency funds or utilize the money to pay down other obligations, such as loans, credit cards or other debts.

                  Make it hard to get your cash.

                  Put your savings in an alternate bank, maybe an online bank that forces you to delay for several business days before transferred money hits your regular bank account.

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                  8. Find Fabulous Mentors

                  Find a mentor, such as a friend or family member, who has exceptional control over their finances and pay attention to everything they do.

                  If you do not have any friends or family that are enjoying financial freedom, then find a mentor online! There are numerous blogs and guru websites featuring the advice of many people who have reached financial freedom, and they exist primarily to let you in on how to achieve it for yourself.

                  There are also plentiful forums available that share tips and tricks on how to best achieve financial freedom. Read as much as you can and start changing your habits for the better.

                  9. Be Extra Patient

                  Patience is the key of financial success.

                  Being patient can be quite tough, especially when you’re struggling with your finances, but having faith is worth it. You’ll continuously be on the right track if you are taking the proper steps above.

                  So don’t be discouraged, even if you are only saving a few dollars a month; it all adds up. Within just a few years you’ll look back proudly at your accomplishments and be glad that you had the patience to get there.

                  Financial Freedom for All

                  Anyone can achieve financial freedom, regardless of their financial circumstance.

                  Use the tips provided above to get yourself on the track to financial freedom and toss your monetary concerns out the window. If you wish to achieve a life with financial freedom for yourself and your family then you must adopt a disciplined approach towards your finances.

                  Following the simple secrets above is a great start to making your money work for you, so you can work less and live more!

                  Featured photo credit: rawpixel via unsplash.com

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                  Reference

                  [1] Hartford Gold Group: IRA Retirement Accounts

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