Garage Sale Breakdown

I have been on the garage sale fence for a while, because, in part of the tax deduction that donations will yield us.  For a long time I have processed the amount I would have to yield at a garage sale compared to the amount I would receive as a tax deduction and I’d like to go through that today.  For illustrative purposes, let’s say we are in the 15% tax bracket and the item we are selling is a ladies dress shirt.  You estimate it will bring in $1 at a garage sale, but the donation will give you a tax deduction of $4. 

Since the donation gives you a tax deduction, the actual amount of cash you will see in your refund, or that you will save on a tax payment is 15% of $4 or $0.60.  In this case, it would be better to try to sell the shirt at a garage sale. 

This all assumes that I can itemize my deductions.  If I cannot itemize, then this all a moot point because it will always be better (monetarily speaking) to re-sell the items, either by garage sale or consignment.


Craigslist Success. Yes and No.

This week, I sold our Sit N Stand Stroller for a little less than I had wanted to, but it is gone from my garage and I have a little extra cash to play with, or sock away.  Most likely sock away.  I will re-list the other baby items when they expire on Saturday morning – I hope re-listing them for less money will help them to evacuate my garage.

I really thought there would be more of a market for used baby items – maybe when I lower the price.  I mean, most items I listed were $30-$40 and looked barely used.  I am hoping another small price reduction will help them to sell.

eBay Listings

I have 13 active listings on eBay right now.  One sold right away and I shipped it out, but the others are getting views and no bids.  5 more days on those, so I can hopefully update that to status to sold! 

I am selling a lot of my daughter’s spring clothes, a sweater, some misc. adult clothing, a Mickey Mouse stroller fan that we got a Disney World, a page of coupons from a magazine, and a few cookie cutters.

I am trying to test the water for good re-sell items. 

Also on the goal list for the next few weeks is to try to find something that I can sell on eBay or Etsy that I can make, that is unique and that will be worth my while to make it.   Hair pins?  That is the only idea I have so far, but I would really like to think of something simple for me to make that is also useful.  Wait- I just described the perfect invention.  Ok – as always, we’ll see.