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Income

GarageSale

There comes a time in everyone’s life where they just need to unload some stuff. As we exist we collect things, things we need, thing we needed, and things we never wanted. At some point you are going reach critical mass on the things you don’t need and those you never wanted. When you reach this point you may just start tossing stuff in the garbage, don’t do it, as the saying goes “One Man’s Trash is Another Man’s Treasure.” If you don’t throw it away you are going to have to decide how to sell it. We are going to look at four ways you can offload your unwanted stuff.

Garage Sale

A garage sale is the easiest way to get rid of your stuff for some cash. We had our first garage sale over this past weekend and raked in close to $300. The key to garage sales is traffic and negotiation. Unfortunately my wife was more interested in getting rid of the stuff than turning a large profit so we didn’t do as good as we could have. When you are prepping for your garage sale just go through your house and pick up everything you don’t need anymore and put it in a pile in you garage. As you are collecting your items decide how much you want to charge for them and put small stickers with the price on each item.

As I stated earlier the key to maximizing your gains in a sale of this type is just shear numbers. The more people you have come through your sale the more likely you are to sell most, if not all, of you items. The types of people who frequent garage sales are varied and given enough traffic you can find buyers for even the most obscure of items. Start out by placing advertisements on Craigslist or in you local paper to run the day before and the days of your sale. The craigslist ad is free and effective although the local ad is likely to drive more traffic to your sale. On the day before your sale set out poster board signs to direct garage salers from major roads into you neighborhood/sale. To maximize the effectiveness and the draw of your sale talk to your neighbors and see if any of them are willing to participate on the same day. This will help you cut advertising costs and increase the likelihood of having a great turnout for your sale.

Craigslist (craigslist.org)

As you go through your stuff looking for garage sale items you may come across two or three bigger ticket items that you know people would be willing to pay more than your average garage sale price for. These kinds of items are perfect for listing on Craigslist. Craigslist is essentially a free online classifieds listing that has a specialized site for most urban cities in America. You can post ads on Craigslist for just about anything you want to sell.

The key to being effective when you are trying to sell something on a site like Craigslist is to be as descriptive as possible about the item you selling. Be honest and say if the item doesn’t work or has some nicks and by all means include photos of what you are trying to sell. There are plenty of people who will shops sites like this and only stop to read the ad if the seller included a photo.

Donations

This isn’t exactly making money but it sure could be a tax write off for you depending on the amount of stuff you end up donating. Take all of your decent and working garage sale left overs and just donate them to GoodWill or other local charities.  At least this way the items are out of your house and someone will get some good use out of them.

Freecycle (freecycle.org)

Freecycle is the sleeper in the junk eradication department. The premise behind Freecycle is that instead of throwing something away see if someone in your local community may want it first. This includes just about anything. I have personally gotten rid of a non working lawnmower and a wooden pallet by using FreeCycle. You have to become an approved member in your community and then you can post items you want to get rid of and people will contact you to pick them up. People give out anything from baby clothes to broken tools. You can even look for things you may “need” that are being given away by other members of the community.

Photo: (DNoman)

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cashcrateCashCrate is one of those Get Paid To (GPT) Sites where you are paid to complete offers, some free and some not so much. It has become tremendously popular with stay at home moms, college students, and just about anyone else with a few minutes and a desire to make some money at home.  There is four different ways to earn money with the CashCrate system.

Completing Offers

The first and most predominant way is with the offer system for which they are most well known. You will be “paid” to complete survey’s and other offers. Most of these offers are “free” and some require you to pay for subscriptions of sign up for credit cards. The biggest sticking point with the offers is that it is almost impossible to know how much of the offer you have to complete. For the purpose of this article I completed one offer:

cashcrate-offer

Based on the information here all I have to do is download and install the toolbar, I clicked on the link provided and downloaded said piece of potential spyware… err toolbar.  With much chagrin I then installed the toolbar, which told me it failed but installed anyway. Go Figure.  Once you have completed the offer you need to submit the offer for payment, this will put the .50 payout in your pending queue:

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[click to continue…]

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Not very many people have  a good solid system for organizing there important documents and financial papers. With it being tax season I thought it would be a good time to discuss some of the how’s and why’s of document organization.

messydesk

Why Should you organize your documents:

  1. The biggest reason to organize your documents is so they are easily found in the event of you die unexpectedly.  Your loved ones are going to have enough to worry about in the aftermath of your death, they don’t need to be searching through piles of crap to find the documents they need.
  2. The taxman cometh, and he don’t mess around.  Having everything organized will make surviving an IRS Audit that much easier. Make sure you maintain your tax documents for at least 6 years, which according to the IRS, is the maximum length of time they have to audit your records.
  3. If it isn’t organized you don’t really know what you have, or what it is worth.

How I do it:

  1. I use hanging folders organized into: Tax documents, Household Accounts, Banking Accounts, Insurance, Retirement, Investments, Will, Business, and Liabilities.
  2. Within each folder I have regular folders with the account name which holds the detailed documents, so for instance my tax folder has individual folders for 2002-2008 taxes which each contain a copy of my return and all supporting documentation.

You should make sure that you have accounted for all of your major accounts and streams of income, put your statements and other documents into the folders. The most important thing you can do is to make sure everyone who needs to know, knows where the documents are located.  It doesn’t help to have a great system of organization if no one else will know how to find it. Do yourself and your family a favor and get organized.

Photo (aliwest44)

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Treasury Aims to Help Homeowners

March 4, 2009

The U.S. Treasury department today released details of the Homeowners Affordability and Stability Plan.
This plan is intended to provide assistance to homeowners at risk of going into default, currently in default, or whose mortgage exceeds the value of their home.
The plan consists of three main components
Refinancing for “Responsible” Homeowners

a Program for homeowners who had conforming [...]

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Spouse’s Who Work Together … Get Laid Off Together

February 12, 2009

Why on earth would you ever want to work with your spouse? Don’t get me wrong, I love my wife, but I would not want to work with her.  But more than just the fact that you would have to deal with that person non stop 24/7, you are both subject to the same employment [...]

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