Making Money with Garage Sales

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Garage SaleBack in July I discussed with you how you can earn a couple of bucks by having your own yard sale. If you are looking for some extra money you probably have it sitting in the attic, basement or out in your garage. Remember, one mans garbage is another mans gold. Let's look at it from another angle.

What if you looked at other peoples garage sales as a money making opportunity? You can find things like a table lamp, baby clothes, sports gear at a yard sale for next to nothing. You can then turn around and sell that item of Craig's List, Ebay or Kijiji and maybe make a little extra money.

If you are so inclinded go to a couple of yard sales and scout out some items and then check the various online selling sites and see what they go for compared to what you can buy them for. I bet you will be suprised in the difference in prices. Just a thought, if you have some yard sales in your neighbourhood it never hurts to check.

Saving Your Money at Tax Time

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You work hard every year to make a little extra spending money off of the internet or maybe working at a hobby or small business. Why then would you throw it all away at tax time? When you are claiming extra income you are allowed to write off you business expenses such as domain name purchases and webhosting. Your expenses go further than this, you have hardware and software, heating and utilites at your house, a percentage of the square footage that you use as your office, cell phones and perhaps even mileage in your car for your trips to the bank or your accountants office. The bottom line, keep all of your receipts for tax time.

I pesonally use a chartered accountant. I keep all of receipts and track it all year and then present them to him to tally up my taxes. His small fee, it's a business expense and I write it off. I could probably do them myself but with tax law changing every year I leave it to the professionals.

If you own a few domain names making some money start thinking about all of your expenses and if they relate to your business and keep all of your receipts for tax time. Who knows, you might even safe enough to get that nice car or even look into small business opportunities.

Using the Internet Wisely

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My car recently picked up a bit of a nasty rattle in the door and it not being overly old I went to the internet to looks to see if there were any recalls or bulletins on the manufactures website. There were none but it got me thinking, how many of us actually use the internet to research information that might be beneficial to us. In this new technology age there is so much information at our finger tips it's insane. Take for instance recalls on products, group claims for things like mesothelioma or other faulty products, recalls or maintenance bulletins on our vehicles. I guess the point I am making is, if you have a problem with an item or something isn't working out the way it should then jump online and see if you can find some more information. If you aren't satisfied with something chances are you are not alone.

Turn Your Hobby Into Money

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My hobby was always playing around with computers and even to that end I got into websites a little too late to be a serious player. That doesn't mean that time has left you behind. I work with two ladies that took their love for handcrafted jewelry and turned it into a nice profitable little business. It gives them a nice piece of extra income that they can use at Christmas, for a summer vacation or anything they want really.
If you have a hobby or something which interests you take some time and research it out on the internet. Find out what kind of costs it will take to get into something like making jewelry or wine glasses and research where you can sell it and for how much similar items are going for. You would be surprised just what’s out there. With sites like ebay and craig’s list you could have no problem turning a hobby into a money making opportunity. There are also local flea markets and craft shows or even local free newspapers where you can place your ads. The possibilities are endless.

Pay Off Debt With a Yard Sale

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Save Money BlogSo you are stuck with a maxed out credit card and some pretty high interest payments or you have a bank loan you need to get rid of. Why not get rid of some of the junk in the basement or that you have in storage? One mans garbage is another mans gold. Everybody has something in their possession that is taking up space that you can sell for a few extra bucks. So have a look around and see what you can muster up. It may seem like a lot of work but most local newspapers have a yard sale kit you can get. They will advertise it and show you have to have a great yard sale. Get rid of that junk and  help yourself pay off that extra debt or even put it towards a vacation or help yourself stay out of debt.

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