Monday, May 4, 2015

Yard Sale Strategy

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Yard sale, garage sale, tag sale — call it what you will, this retail event is a time-honored neighborhood American tradition. Yard sales allow people to sell things they have lying around the house and make a small profit off things they no longer use. For those looking for a good deal or a bargain, yard sales can be gold mines. Experts agree, though, that making a yard sale work for you requires a bit of strategy.

In Popular Demand

The popularity of yard sales has a lot to do with convenience and savings. These retail events allow people to acquire the things they need for a fraction of the retail price. From baby clothes and children’s toys to home décor and collectibles, one man’s yard sale castoffs can hold another man’s household treasure. When it comes to shopping smart at yard sales, here are a couple things to keep in mind:

Do research ahead of time. Yard sales have become so big that some people claim there is a “yard sale season” (April – September, according to one avid yard sale shopper). Do research often so you’re always able to plan ahead of time for your area’s yard sale season. A little scouting on the Web may come in handy too. Sites like Craigslist and Yard Sale Treasure Map allow you to find targeted yard sale postings for your specific area, making your next step easier.

Have a plan in place. When shopping, planning is of the essence. Planning your shopping allows you to get what you need, stay on budget, and avoid budget-busters.

Negotiate prices when appropriate. Learn how long the yard sales you’re attending will be going on. You can always try to negotiate prices, but the best time to ask for really low prices is at the end of the day when sellers want to get rid of any remaining items. If you’re asking for a reduced price, be reasonable: within $5 to $10 of the asking price is usually a good place to start the negotiation.

Learn to walk away. If it is not on your list or you don’t need it, don’t buy it. Getting something on impulse can be the kiss of death for your budget. Remember, you have a budget and a plan for a reason — stick to them.

Do some selling of your own. You can always have a yard sale of your own, selling items that are still good but no longer of use to you. You’ll keep things from going into a landfill, you’ll help someone get items they need for a cheaper price, and you’ll earn back some of the cash you spent. Win, win, win.

It’s All About Saving

Looking for opportunities to make cash go farther is, after all, something Americans have gotten good at over the past several years. Yard sales are yet another way people have found to cope with a tough financial climate. Alternative financial services like payday loans are another great example. For some people, these loans have turned into their financial safety net to see them through tough financial times. For others, payday loans serve as their go-to financial service during an unexpected situation that requires cash, fast.

Payday loans are conveniently deposited directly into your bank account. You can typically get anywhere from $100 to $1,000 after application approval, all from the privacy of your own home. Because payday loans are deposited into your personal bank account, funds are made readily available for you to withdraw at a time and location most convenient to you.

Plan your yard sale shopping and remember to negotiate a better price, then use the cash you save for things you cannot buy at a yard sale!



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