Thursday, May 14, 2009

Save Big Bucks by Buying "Pre-Owned" Instead of New


You may call these items "used", "second-hand" or the current fav, "pre-owned", but it comes down to the same thing; buying used items instead of new, wherever you can, will save you a whole bunch of frijoles.

Now I realize that for some people there is a big "ewww" factor whenever they think of buying items used and that may be tough to overcome. However, you may just want to buy some items you need secondhand, it doesn't have to be everything you need. It's o.k. to stay within your comfort zone because a) as you practice this strategy, you may find your comfort zone expanding without any effort; b) everyone needs are different and won't be fulfilled by one shopping strategy anyway and c) whatever changes you make by buying used over new will save you money and keep an item out of the landfill.

I'm not a big fan of the buy a new Green product that has been made of sustainable materials by indigenous tribes in New Jersey. These products have their place in the decision making process, but I'd like to see the decision tree go something like this. I need a widget. Do I have an item around the house that can substitute or do the same job as said widget? No. Can I make a widget from items I have on hand? No. Can I purchase a few supplies to make widget? No. Can I buy widget from a yard sale, ebay, classified ad? No. Can I buy widget on sale, at a discount, with a coupon? No. Buy new Green widget.

A recent example of an alternative to buying new happened when our washer stopped working. Our washing machine stopped spinning during the spin cycle which left our clothes sopping wet and us having to wring them out by hand. I called a few repair people on Craigslist who did not show up. I fantasized briefly about the ease of walking into a Home Depot and slapping the HD card on the counter & barking out orders to "ship it to this address", but I curbed the impulse. The machine, after all, is only about 5 years old. I didn't pursue the repair services that didn't show up and started looking on CL, ebay and other online classifieds for a secondhand washer. I called on several that looked promising but turned out to be already sold. I ran into another repair service ad, called them and scheduled an appointment. When the repairman showed up, he found an easily fixable problem that cost $65 to repair. Woo hoo! The solution I chose worked out to be even cheaper than buying used and I didn't add a basically still functional machine to the world's junk heap.

There are many sources of buying used items, CL, ebay and yard sales are just a few, but one of my favorites, which you may like to investigate, are Police Auctions. What happens to items that are stolen, recovered by the police and the original owners can't be located? That's right, they go up for auction. A lot of police stations, no longer do their own but subcontract them out because they don't have the resources to put into what constitutes a whole 'nother business. If you want to find out what the police in your area do, just call your local station and ask about where they auction off the "unclaimed property" they've recovered. I hear that some people have seen ads for "police auctions" in newspapers, but I find that many of these ads are run by intermediate companies that are buying at police auctions and then reselling. You may want to start at the source yourself by calling your local station and going from there. You'll find that the items can be quite impressive; jewelery, electronics, including cameras, ipods, cell phones, PDAs, computer equipment, televisions and my personal favorite, bicycles. There are kids bicycles, racing bicycles and imported bikes. Since these auctions are not that well known, you could pick up a bike that originally sold for thousands for under $100.

Comfort challenge: If you're not a regular scrounger, try to buy one item used this week that you would have ordinarily bought new. If you are one of the Scrounging Regulars, please tell us in the comments about your greatest used find. Happy Scrounging!

Thursday, February 5, 2009

Making Myself Accountable & Beating My Demons


Well, hello sportsfans! This blog is my opportunity to finally realize my personal and financial goals. What better way to achieve such formidable tasks than detailing my efforts for all the public to see? It's much better than the ever-disappointing-New Year's-resolutions. How do you enforce accountability there?

Care to follow my foibles? I think I can promise a laugh (in a schadenfreude sort of way); some encouragement (also, in a schadenfreude sort of way) and hopefully, some hacks, tips, info etc. to ease your own sojourn. Soooooo, with the added pressure of having all eyes upon me, here are my goals for 2009: (no sniggering at the unrealistic grandiosity please!)

--Finish rewriting my story picturebook and get it published.

--Get this blog up.

--Sell my products on my blog (not sure how this works yet).

--Get one of my many product ideas licensed.

That's all I can list right now, because I'm already feeling a need to have a good lie down. Yes, yes, yes, I have more than 4 goals for my life, you sadists! And you, Tim Ferriss, I hear you out there saying, "Well, there's your problem, you haven't prioritized!" Well, to you I say, yes, I have Tim and there's a cat on my lap at this moment to prove it. No, wait, that wasn't it. What was it now.....***

Nevermind. I have read Tim's book. In fact, there isn't one time management, small business, organizational, self-help, self-improvement tome out there that I haven't read. Rule the World Over Lunch, Melt Ice with Your Bare Hands, Show Them Who's Boss; oh yes, I've read them all. However, you eventually have to stop reading and start sweating, so here I am.

What I'm planning is to use this blog to chart my daily progress. Hopefully, having to be accountable to public scrutiny will be a big enough stick to produce some results. By the end of this year, I'd like to see a viable, self-sustaining business in place that will provide a passive income for me and my family. Es ist klar, ja?

Welcome to my world!