Hope is not an Effective Financial Strategy

debtfreeoneday · 2 January 2016 at 2:39PM

I would do if I had spare pennies.. I don't TT for the same reason. Good plan though SJ!

shangaijimmy · 2 January 2016 at 9:06PM

Ebay update - 14 items sold so far with a dozen only ending in the next hour so still a chance for those yet. I listed the bag that i found in the loft which was 14 items incidentally! I'll relist everything again tonight for 24 hours so will have 100 items listed again!

Well worth the effort and a good phase of decluttering!

Luckyinlife · 2 January 2016 at 9:12PM

Love the detail you put up shang :]

Im on about 20 items ish but have so much to list great work listing 100 items is no mean feat :]

you can and will kill the daily interest with ebay sales

Im aiming for about 3k of ebay sales this year did about 1.5k last year you also want to list a min of 40 items a month :] you got any ebay targets

debtfreeoneday · 2 January 2016 at 9:13PM

i saw someone else on facebook that had written out the 365 amounts if you were going to do that challenge and they are planning to cross off one number a day, so it doesn't end up being expensive at Christmas.

Well done on the fleabaying!

hiddenshadow · 2 January 2016 at 9:22PM

debtfreeoneday wrote: »

i saw someone else on facebook that had written out the 365 amounts if you were going to do that challenge and they are planning to cross off one number a day, so it doesn't end up being expensive at Christmas.

I like that idea - gives you the option to save whatever you want as you're able - on a flush day you could do a bigger amount, on another day a smaller amount.

I've also seen the recommendation to do it in reverse as well (so the larger targets come first and December's the lowest month), as motivation tends to be high at the start of the year and the expensive stuff (holidays) are at the end of the year.

shangaijimmy · 2 January 2016 at 9:30PM

Lucky I've got no eBay targets to be honest its just a good opportunity to declutter. I have a deal with Mrs SJ that she can gave the PayPal account monies to spend however she want. It works well as she doesn't need to dip into monthly money for clothes. So, we view it as free money. In the main its kids and her clothes we sell.

shangaijimmy · 2 January 2016 at 11:02PM

15 sales this evening, very impressed!

As for the challenge thing its certainly one to go in some shape or form. I suppose the crucial thing is to work out how much you'd like to save firstly as you could do it monthly (i am), quarterly, etc...

shangaijimmy · 3 January 2016 at 12:04PM

97p TT'd this morning followed by my 3p for the 3rd if January. After the 15 sales last night, a further 3 have sold through the night on the relists, and we have lots of watchers dotte about (we do have 99 items of clothing listed to be fair). We've sold so much I had to buy some more postage packets, our cant complain at 100 for £3.89 off eBay itself.

Quiet day planned today for the boys, DS1 is most disgruntled though that it's back to school tomorrow!

debtfreeoneday · 3 January 2016 at 12:12PM

Do you do buy it now SJ or auction style?

shangaijimmy · 3 January 2016 at 12:17PM

Just go auctions, but if someone emails asking for a buy it now and we have no bids we generally accept it. The main goal is to get rid of stuff so the majority of clothes lists are a £1, with a few going up to £3.

I vary the length of lists but try to make sure they finish on a Friday or Sunday night. Sunday's are great as people look at things in the morning when they're in bed, then we finish the lists around 8.30 thinking other people's kids are bathed and in bed and mums may have a quick look at what they've seen earlier!

That's my theory anyway!

Hope is not an Effective Financial Strategy

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