"Every purchase should be seen as a future sale"
We all love to shop, buying clothes, lawn and gardening goods and large purchases to cars and houses. I have bought it all by the age of 25 and worked hard for everything I own. Being frugal is a way of thought, its training and conditioning your mind to "penny pinch" and see real deals when they come along. Is what your buying really worth it? What will it be worth in the future?
  

Today I made $500.00 Dollars
Today I worked on some personal sales of items around the house that are losing value to me. Friends and family think I buy and sell to often but I do it in waves. I'll tell you right now, to be super Frugal rules are bent and lines are crossed. I will share a little history about how I shopped a few items and after years of owning them, made a profit! The items I worked to sell these past 2 days were a year old PlayStation 3 and a 2 year old Verizon wireless cell phone. Here is how I made a profit after owning these items over a couple years. 

Sale #1 
November of 07 I had traced down a Black Friday deal at Wal-Mart for a PS3. The deal was great, I bought the PS3 and it came with 10 free Blu Rays DVD’s plus another 5 when mailed away for. As you know blu rays at that time were 25-30$ each. As that sale came to my eyes the Frugal-ness kicked in. I would sell the Blu Rays or return them back to Wal-Mart without a receipt and make $250 off the $400 I had just spent on the PS3.
Right before I had made this purchase I had sold my PS2 and games for $125 to forefront some cash for the PS3. My plan had worked and I had returned all the Blu Rays back to Wal-Mart making $250,now add the $125 (PS2 sale) equaling $375 which means I had spent out of pocket Twenty five dollars for a PS3.

Well today the PS3 sold for $370, after a year and a half of ownership I had made a gross profit! The $25 dollars out of pocket for the PS3, minus the $370 for the PS3 sale ended up putting $345 dollars in my pocket. Well done, I know!

Sale #2

The 2 year old Verizon cell phone was time to be traded in for "New Every 2". The phone was originally bought for free for signing a 2 year agreement with Verizon. Taking care of your purchases is key; I always keep all the receipts and manuals along with the box it was bought in. This helps for future resale. Again using Craigslist I had found a buyer for the cell phone for $80 dollars. A Pure profit on a 2 year old phone! (Keep in mind) The new Verizon phone I bought was free also.You should always take care of your purchases, keep them clean so when thee time comes you can get top dollar for them.
The extra to make $500


Came from you, the reader!


3 comments

  1. Andrew K // April 23, 2009 at 1:50 PM  

    Lol..nice little comment about "you readers". Did I mention I love the motto at the top? Very well thought out...

  2. John S // November 18, 2009 at 7:53 AM  

    I also agree. By that motto you can make much of your spendings back in time while getting the products you desire.

  3. John S // November 18, 2009 at 7:55 AM  

    GREAT examples by the way...

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