4 Ways to Tighten the Financial Belt

Nowadays people are tightening their belts even further than they did previously. As a result, they are trying to come up with more creative ways to save money or to bring more money into the household. Classified sites are becoming busier, and garage sales more popular. You are starting to see things you may not have seen before such as half-used items, and items that normally would have been tossed, being offered up for sale.

There are some things you can do at your own home to help save a few pennies.  

Organize a swap with friends

Do you have extra clothing you don’t need? Craft supplies you’ll never use? Have a trade night with friends. Everyone brings what they have and you trade. There are a variety of ways to do this to make it fair for everyone which need to be decided by the group in advance. One idea is that you can only pick as many items you brought, another that everyone picks one item before anyone can pick a second one, or any other idea that works for the group.

Barter

This is becoming more popular with people. Do you have something available that others are looking for? Could they babysit your children for a few hours in return for that item? What about trading something they sell for something you sell? There are a wide variety of items that you can barter for and you will never know if your offer is acceptable unless you make it. You could be surprised what people are willing to trade for.

Classifieds

Put your items up on the local free classifieds. Some people believe in using eBay, but you need to make sure that the cost of listing and payments aren’t going to eat up all your proceeds. Use this option with caution. You can find Freeycle groups or various sites that have sprung up on Facebook. Make sure you read any rules for the best results.

Flea market

You’d be amazed at some of the things that people are selling at a flea market. This is a better option if you have a lot of items to sell or items that really need to be seen in order for them to sell. There is typically a fee for a table at a flea market, so if you don’t have a lot of items, suggest to a friend that you share the table and split the cost.

Some ideas will work better than others, and some require an upfront fee. But if done well, you can make your money back plus quite a bit more. Don’t forget, you can always save those pennies you get in your change!


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