We have always been frugal people. Maybe we learned it from our parents, but I think it has more to do with being offended by inefficiency and waste. Why spend more than we have to? Why buy things we really don’t need?
We like to read online blogs and forums where people talk about frugality. These groups definitely overlap, but can separate into three categories:
- Homeschool DIY Moms: These super women document how they stretch every dollar for their family’s needs. They do a lot of DIY projects to upgrade their home. They have fun sharing recipes to cook for their family.
- Extreme Couponers and Travel Hackers: This group detail how they often spend little money at the grocery store by using coupons. Or how they max out credit card points to travel the world for free. The goal is to work the system against itself by being very organized and disciplined.
- Financial Independence Bloggers: About five years ago, these people really started popping up online. Usually they work good paying, technology jobs where they can save up to 80% of their income each year. They have fun living off as little as possible and saving as much as possible. As they max out their 401k and IRA accounts, they funnel all their savings into Index Funds. Once they hit a certain amount, they can then quit their jobs, live off the interest, and do what they want with their time. FrugalWoods and Mr Money Mustache are good examples.
While we love learning new tricks in frugality and investing, we fall into another category of “Business Owner”. We do spend a lot of money. But instead of spending our money on unneeded luxuries, we’re spending money on our businesses. Any business owner knows that it costs money to operate. It costs even more money to grow a business and expand. For example, we currently pumping cash into a new rental. Instead of working for a corporation for ten years and saving money to buy our freedom, we want to have our freedom now. The financials are just different.
We had a great week on eBay again. We’re listing like crazy to take advantage of the sales.
Here were some of the interesting conversation in the forum this week:
—Can you ship shoes in a poly mailer?
—Getting to know your auctioneer
Hope you had a good week.
Our Store Week February 5-11, 2017
Total Items in Store: 5613
Items Sold: 60
Cost of Items Sold: $110
Total Sales: $2,140.81
Highest Price Sold: $380 (vintage rug)
Average Price Sold: $35.68
Money Spent on New Inventory This Week: $600
Number of items listed this week: 110
Sold 1 items for $50
Total Items in Store: 978
Items Sold: 7
Cost of Items Sold: $20
Total Sales: $175.10
Highest Price Sold: $50 (Marble Lazy Susan)
Average Price Sold: $25.11
Number of items listed this week: 20