Thursday, January 5, 2012

Selling My Stuff Online

In 2011 I made approximately $630 by selling books, DVD's and various items on Ebay. A chunk of that was because I scored ten boxes of free books via Freecycle, and then sorted through all of them and listed bunches on Amazon in February. I probably made at least $200 on that, if not more.

The other night I sold one of the last books from that venture, and right now I only have two other items listed. Honestly, I've gone through most of my books and such and listed most of the ones that are worth money that I am willing to part with. So, logically I probably won't make as much money selling items online this year.

But, I still plan on selling items when I can. In the past, that money has gone to debt repayment. My student loan requires that I make payments of at least two months worth in order for it to go towards principle, so no small payments can go there. My E-fund is on track to be funded by June, and it's in an account that requires direct deposit (not that I can't put it in my regular savings, but I kind of like it all in one place).

So, I've decided that any "snowflakes" I make from selling items online will go toward my ING Direct account. That is not getting funded right now (except with ING direct bonuses that I find ways to get) (If you'd like a referral code to sign up with them, you get a $25 bonus and I get $10...comment with your info if you want me to send you a referral). Since selling things is "found" money, I think I'll move it into that fund. Tomorrow I have a big announcement that will tell you why I'm looking to fund my ING Direct account...get excited people.

What do you do with unexpected money?

3 comments:

  1. Good job with the book sales.

    And I'm exciting for tomorrow's announcement!

    With unexpected money, I like to pay off debt also.

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  2. With the stuff i sell on ebay and craigslist i keep a simple ledger of the proceeds and use the money to buy other items ( a lot of this is toys my twins quickly grow bored with ... it can be a viscous circle). I don't include the money in our regular budget but I've been debating about switching that for 2012. That way extra money can be put towards vacation and retirement accounts.

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  3. Debt payments all the way. I want to get this debt off my back ASAP!

    Good job with the Freecycle books! I had never thought of doing something like that, though I did know one family who bought cheap furniture and things from Goodwill, fixed them up, and sold them at a profit.

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