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Frugal February Challenge #2

Frugal February Challenge #2

A week ago we introduced you to the first Frugal February challenge – to keep a change jar for the remainder of the month. For those of you participating, how are you going so far?

We just had a quick peek into our jar and we’re guessing there’s at least $20-$30 inside. While it doesn’t seem like much, over the course of a year this could add well over $500 to our savings!

We really hope that the advice we’ve given you so far during Frugal February has helped you save some money – eating frugally at home and drinking water instead of soda are two of the concepts our guest writers have introduced you to this week and there are plenty more great posts still to come.

Anyway, it’s time to unveil the second Frugal February challenge.

EbayFrugal February Challenge #2 – sell at least one item on eBay or Craigslist

Even if you’re already started decluttering your life like we have, you’re sure to have at least one possession in your house that you no longer need. We rummaged through our remaining belongings and found two things that we could sell…

  • A subwoofer and amplifier that was in my old car and haven’t been used in 3 years! These cost nearly $1,000 when purchased in 2004.
  • Two modern bar stools that we had in our old apartment but weren’t sure what to do with.
Subwoofer and AmplifierBar Stools

We put these items on eBay and the two auctions concluded last week, netting us a profit of $118. That’s at least one extra night added to our travels (more if you’re in a cheaper destination!) from belongings that probably would have been thrown out once we got back from overseas anyway.

So get off your chair, go look through your basement/garage/bedroom/etc and find at least one thing you can sell on eBay or Craigslist. There’s only one condition to this challenge – your item needs to be worth more than $10, otherwise selling it won’t be worth your time.

The more things you can find to sell, the better. Once you’ve got your items online, put the link to your auction/classified in the comments below so that we can follow how it’s going and to make sure you don’t procrastinate on taking part in this challenge! Remember, successfully completing this challenge could add extra time to your travels!

Flickr Photo: liewcf

8 Comments

  1. Posted February 13, 2011 at 2:14 pm | Permalink

    eBay and Gumtree are great ways of making some extra money. I made a couple of grand by selling books, CDs, DVDs, some unused clothes and kitchen equipment.

    • Posted February 13, 2011 at 9:48 pm | Permalink

      Wow, that’s impressive Magda. Just curious – did you sell your DVDs and the like individually or in a batch? We’ve got a decent collection but think it’s a lot of hassle to be selling them on their own for $5 each.

  2. Posted February 13, 2011 at 7:01 pm | Permalink

    Good tips – the last coin jar I kept had over $600 in it, was a lovely surprise counting that before my last trip! I recently sold my SLR on eBay too, was incredibly simple and I got quite a bit more for it than I was expecting.
    Pete recently posted..Essential software for your laptop

    • Posted February 13, 2011 at 9:53 pm | Permalink

      Very nice work Pete. Part of the fun is not knowing exactly how much you’re gonna have (although it does lead to a little disappointment if you over-estimate!).

      eBay often throws up some big surprises… we’ve actually sold a few things for more than we paid for them brand new!

  3. Posted February 13, 2011 at 11:09 pm | Permalink

    Ebay is genius isn’t it guys? One man’s junk is another man’s treasure and all that!
    Liv recently posted..Visit the Heart of England- The pub

  4. Posted February 14, 2011 at 11:21 am | Permalink

    Great tip! Most people don’t think that they can make a profit on the things they’re trying to get rid of, but for the most part, you can! Before I left NYC, I sold of things from around my apartment that I didn’t think people would want to pay for and ended up walking away with a sizable chunk of change in my wallet!
    Connie recently posted..Response to This Darn Face of Mine!

  5. Posted February 16, 2011 at 4:30 pm | Permalink

    Bob and I are setting a challenge for ourselves in regards to selling stuff. We are going to spend Saturday getting rid of 100 things in our apartment. Some of the stuff might just be trashed, but some could be sold on Craigslist… and we want to try. Clutter has gotten a hold of us, and we are breaking free! Great Challenge!

  6. Posted February 17, 2011 at 3:03 pm | Permalink

    Decluttering has become almost second nature. We’ve got a lot of stuff up in the local online classified ads. I’ve got an old 4×5 camera with billows and all that I really like. I’ve taken a few photos with it, and always wanted to use it more.

    Not really a practical camera for a round the world trip though, and a perfect candidate for ebay. I guess I’ll be saying goodbye to it in 10 days.
    Mike Lenzen recently posted..Dining on a Dime

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