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Top Tips for Thrifty Living
By Janet B Pearson

Learning to be thrifty, to create a budget, and live by your budget is one of the most valuable money skills you can have. Unfortunately, most of us have trouble living within our means. It seems that today we are all more concerned with having it all. And having it NOW!

Thrifty living and developing a budget can be a hard and time consuming task. Lots of people believe value shopping takes too much time and discounted items are not the same quality as expensive ones.

You need to learn that these are myths that steal from your wallet!

Face it, we all lead busy lives and it’s often easier to pay full price than finding sales or discounts. But the reality is that if we take time to be a smart shopper and have a budget (is that a bad word?), we can save enough to make the time worth it.

Living within your budget (there’s that word again!) and spending less than you make may sound impossible. However, with some sensible planning and frugal shopping, it is certainly something we can all do! Being frugal and thrifty does not mean doing without things; you just have to plan for them.

A budget is simply a spending plan. To go into more detail, is another article, but – to create a budget, you must first know where you currently spend money. All of it. Keep a spending record for at least a month.

You CAN learn to be a smart shopper and set up a budget. You may even find that it can be fun!

To help get you started, here’s 7 Ways to Save on Groceries:

1. Drink water and skip the sodas. Saves money and is better for you.

2. Pick the frugal shopper in your home. If your spouse is the better bargain shopper, they should have the task.

3. Reduce snack food purchases such as chips. They are expensive and high in fat.

4. Be sure to check expiration dates.

5. Take a calculator to the store with you. This will make unit pricing and comparisons easier.

6. Request price matching. Find a store in your area that will honor competitors’ ads. You save time, money, and gas.

7. Shop alone if possible. Children tend to talk us into buying things we don’t need.

Remember, peace of mind is what living frugally is all about. Whether you are paying off debt, saving more, or simply living under your means, you’re trying to avoid the fear and stress that people live with when they don’t control spending.

 

About the author:
Janet B Pearson is the editor of  thrifty411.com. She is married and a mother of two.  She recently completed an ebook “Thrifty Living: Be Thrifty, Make A Budget, and Save Money”.  Her website, http://www.thrifty411.com , offers thrifty living tips, money saving ideas, and help on how to create a personal budget.

Article Source: http://EzineArticles.com/?expert=Janet_B_Pearson

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Redecorating the house is an ongoing process. The look a person wants now may change in a few months and may very well be quite expensive. By researching magazines and the internet before going ahead with a master plan it is possible to save both time and money.

Those who want to make home improvements do not always have to buy new furniture. A person can explore nearby thrift stores that sell second hand items which are almost as good as new.

When people think of thrift stores, the concern of many is that these stores only offer junk that can’t be used anymore. On the contrary, many of these are run by charitable and non-governmental organizations that have agents who look for items to be re-sold to help other people.

These thrift stores usually have items such as furniture, bookcases, phones, cabinets and lamps that will work well in any home. To locate these shops you can look in the phone directory or a shopping guide. Some places allow a person to call ahead and inquire about the availiblilty of a certain item. If it be available, in good condition and meets your need, then it is worth taking home.

One problem with thrift shops is that the items are sold “as is” which means that if a person purchases an item that is defective or broken; it is up to the individual to have it repaired. If only minor repair is needed, then it may still be better than buying a comparable new item. Check carefully before buying.

Some thrift stores are well organized and items are displayed properly; but there are those that are not and a person has to open the boxes to examine the contents.

Most thrift stores no longer sell things that can’t be used or repaired anymore. Some establishments also get merchandise from companies that want to get rid of their existing inventory in anticipation of the new deliveries.

Most customers who want new items probably will not find them in a thrift store. Though there may be products that are not in good condition in these stores, those who are patient enough to search may find a few good deals that will help them improve their home.

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If you love thrift stores and garage sales, this is the column for you. There’s gold in them thar hills—sewing gold! Change your perspective a little and look at the world as one big fabric store and you’ll find all kinds of treasures to add to your stash.

- Have a closet full of old bridesmaid or prom dresses? Use them to make a quilt or a patchwork pillow. Give the bride a memento from her wedding by printing her wedding details on a piece of printable fabric. Then, use fabrics, trims, and even petticoat tulle from the bridesmaid dresses (or even the bride’s dress if you have scraps from alterations) to artfully dress a pillow she can keep always. Give your daughter a memento of her high-school dances with a quilt made with fabric from her dresses. Create an appliqué of a dress to put in each square using the fabric from her gowns.

- Handkerchiefs, gloves, scarves, bandanas, lace & linens. When I was a child, we had to have a new embroidered handkerchief and a pair of white gloves every Easter. Sew these mementos into projects to create an artistic memoir. Trims can often be pricey when new, so take them off of old garments or lingerie and re-use them. Make a dress from a vintage pillow case or from a bandana.

- Used Clothing & Thrift Items. Find tablecloths with embroidery or lace to transform—many vintage linens were made with handmade lace. Use old straw hats as forms to create fancy dress-up bonnets. Use old jeans to make trendy handbags. Find old craft or knitting kits and use the threads and yarns to create decorative trims for your projects. Remove the back and insides of an old stuffed fabric doll or toy, and use the front or profile for a cute appliqué on jeans. Silk or lace from wedding gowns can be removed and used for other sewing projects, and the tulle from underskirts can be re-made into pettiskirts. Take a blouse from your closet that you haven’t worn (but can’t bear to give away) and use it to create a camisole or a fabric belt.

- Robes & Terrycloth. Cut worn parts from old robes or towels and sew them together to make a fun shower curtain (use with a liner). Vintage chenille is fun to use for stuffed toys.

- Buttons, Beads & Jewelry. If you have an old jacket with great buttons, consider taking the buttons off to re-use them. Find beaded sweaters or jackets, old jewelry—even shoes– and disassemble to reclaim the beads and findings. Remove belts from cool belt buckles and attach a new fabric belt. Re-use hardware from old purses to make new ones. Frequently, hardware is expensive to buy new but remains undamaged on used pieces.

- Scraps. Be sure to use those scraps of fabric for small projects like appliqué, scrapbooking, patchwork, hair clips, stuffed toys, and embellishments.

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On average, most people clear out their closets at least twice per year. All of the clothing they no longer wear it taken to charity locations and thrift stores. Many people donate clothing items that they only wore a couple of times or that still have the tags on them. The most common thrift stores to find such clothing are the Salvation Army and the Goodwill. Both of them inspect clothing for stains and tears so you can be sure you will find good quality clothing for men, women, and children at very low prices.

Many people think these thrift stores only carry outdated clothing but that is simply not the case. Children often outgrow clothing before it has been worn out or the style has faded. There are also plenty of clothing articles that never go out of style including t-shirts and denim jeans. While you may not find the same styles offered at the trendy retailers in the area you will find plenty of quality clothing for less than you will pay for it anywhere else. I have walked out of such thrift stores with bags of clothes that cost me less than purchasing one outfit at a retail store.

Jackets are very expensive but not if you purchase them from a thrift store. There are plenty of winter jackets, pullovers, and windbreakers to choose from. To make finding things in the right size easier most thrift stores separate clothing by the type that it is and by sizes. However, you will need to spend your time looking through what is available. The downside is that if you do find something you really like and it doesn’t fit you won’t have very good luck finding it in another size as you do in a department store.

Depending on the location of the thrift store, they may carry various household items as well. Some of the larger facilities offer used furniture, appliances, and books. I found a couple of nice wood end tables at a thrift store once that I like so much I have never replaced them with anything else even though I can now afford to do so.

Too many thrift stores have gotten a bad reputation for being viewed as a place to shop for individuals who don’t have very much money. If your pride keeps you from visiting thrift shops then you will be throwing your money away. If you have never been into a thrift store you really should take the time to do so. You will be pleasantly surprised at what you find there.

Another good alternative is shopping at consignment stores. These are places where individuals take their unwanted clothing and furniture to be sold. The store splits the profits made from anything that sells with the person who brought it in. Most consignment items can only be on display for a limited amount of time. Towards the end of that time frame the items are generally sold at a discounted price before they are taken off the list of items to be sold.

You will pay more for items at a consignment store than you will at a thrift store but you will also be able to find some wonderful bargains that still save you money over buying them retail. The reason you will pay more is because the person selling the items and the store want to make as much profit as possible. You generally won’t be able to negotiate the prices though.

One good example of saving money at either thrift stores or consignment stores is for party dresses, wedding dresses, and prom dresses. It is likely that they will only be worn once so it is silly to spend hundreds of dollars on such a gown. You will likely be able to find a good selection of such dresses that are still in style. Even if you have to pay to have the dress altered a bit you can still have the beautiful dress you want without the expense.

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Thrift selling is exactly what it sounds like: selling lots of unique items on Ebay that were obtained at a low cost, usually at thrift stores. These items are occasionally worn or damaged, but buyers like them for their low cost and uniqueness. Thrift selling might not sound very profitable, but it can be – if you do it right!

Thrift sellers have a lot to do. Their business is one of bulk; they will often have hundreds of individual items in their inventory at a given time. This makes for lots of auction listings. Thrift sellers can’t afford to lose track of their goods or their listings, so excellent book keeping is an absolute must. If you plan to sell thrift on Ebay, use a book keeping program that you’re comfortable with. Excel is a good low-frills spreadsheet program. Use it keep track of your stock, your auctions, and your shipping.

Spreadsheets are also excellent tools for tallying your net profits over time. Use them to see which items have performed well, and which should be replaced.

While you’re organizing your virtual inventory, take time to organize your physical inventory as well. You don’t want to have to dig through a messy heap of goods to find the one that needs to be shipped. Instead, use meticulously organized spaces to store your products. Label each space or item with a post-it note containing the listing number. That way, you’ll know you’re shipping the right item.

On Ebay, a seller’s reputation is vital. Since thrift goods are often used items which might have a little damage, be completely honest in the item description. Disclose any damage the item has sustained, and include photographs of the worn or damaged areas. Specify that buyers purchase the items “as is”, and emphasize that you do not know the items’ histories and are not responsible for item failure. It might sound harsh, but you need to protect yourself.

Even better, come up with your own rating system for the condition of your merchandise. A worn corner on a book cover might be a 1 or 2, while a hole in fabric might be a 5. Use consistency and a well-defined rating system so that buyers know what they’re paying for.

There are tools that thrift sellers can use to make their lives easier. Bulk listers are programs designed to make many listings at a time. This is a real time saver for merchants with hundreds of simultaneous auctions. Turbo Lister is the most popular bulk listing program. It’s free and available for download on Ebay’s web site. Other programs are available for low subscription fees.

Thrift items come at a low price, but they can be costly if the size of your inventory leads to mistakes. Keep everything neat and easy-to-find. Use software to help manage your listings. And give buyers your honest assessment of an item’s condition. Whatever you sell on Ebay, you want to maintain a great reputation. Become known as a go-to seller for quality thrift items and wonderful customer service.

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Thrift Shops and Consignment stores can be an excellent source for your product inventory—they always have fresh items to pick thru and you can find some great deals!

• Consignment Stores, are commission-based. People bring in products for the store to sell on commission—what doesn’t sell is returned to the owner.

• Thrift Stores are often ‘not for profit’ and get most of their goods via donations.

In comparing the two, Thrift Stores are typically more willing (and able) to bargain with you simply because they have more room to do so.

Online retailers sometimes feel that these types of resale stores are not a good place to find inventory because there’s not enough of a profit margin. But Kate Holmes, Founder of “Too Good to be Threw” (http://www.tgtbt.com) and author of Too Good to be Threw, The Complete Operations Manual, disagrees. Holmes asserts that these stores “have a very limited market. If there is nobody in their town that happens to want to buy a pair of Jodhpurs that week, those Jodhpurs will be sitting there waiting for an eBay seller…to snap them up.” The end result can be amazing deals on quality items there is a demand for online!

In addition to a limited market, Holmes also cites limited space as a factor in resale stores’ bargain pricing. She points out that “they only have so much space so they can only carry so many things. So if they can move it on and bring something else in they’re pleased with that.”

3 Rules of Sourcing Products in Thrift and Consignment Shops:

1. Shop the Edges—Even resale stores tend to carry certain types of products. What doesn’t fit a shop’s profile, they usually want to move out quickly. They tend to put these products around the store’s edges, so start there.

2. Shop Often—They are constantly turning over product and bringing in new items, so don’t let a dry trip or two discourage you. Your persistence can pay off in a big way.

3. Cultivate Relationships with the Shopkeepers—If they like you, they’ll be much more willing to give you deals. They may also be more willing to set things aside for you if they know what you’re looking for and guide you to items you might have otherwise missed.

If you’re just starting out, a good place to find resale stores is in the Yellow Pages, under either “consignment” or “thrift.” Don’t be afraid to ask the shopkeepers if they know of other stores in the area—if they don’t have what you’re looking for, they’ll usually be happy to refer you to someone they think might.

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