We had a garage sale last week. That on top of a public speaking gig and choir contest kept me offline most of the time. I didn’t get rid of any big ticket items at our sale but still made $450 on bric-brac.
I talk to a lot of people who would rather just donate their stuff instead of going through the hassle a garage sale. I don’t have a problem with that at all. The thrift stores do a good work for charity and need good quality donations, and if you itemize for taxes you get a monetary benefit without all the work. Here’s why I choose to do a garage sale anyway:
1. It’s immediate cash. We are gathering an envelope fund for our family vacation this summer, camping in Colorado. We won’t see the tax benefit from a donation until next January which won’t help us take that trip. We rarely take a vacation, so most of my garage sale proceeds go for home repairs/remodeling projects or to cover clothing needs for our big brood of kids that our regular budget can’t handle.
2. I can sell things for a cheaper price at my garage sale than the thrift stores can. I like giving families who need it a chance to get it cheap. It saves their pride to be able to pay for things themselves verses taking a donation from a charity facility.
3. I still donate to thrift stores. When our yard sale is over, I take everything that’s left to a donation site so I get both the cash in hand and a tax benefit.
4. I love talking to the people who come to shop. I’ve met my neighbors in the new neighborhood this way, and even connected with some blog reading fans :).
5. My garage gets clean twice a year. We have a sale in April before it gets hot and in October after things have cooled down a bit. I am motivated to organize and tidy my garage before each sale :).
My mom comes and helps me with all my sales, she’s the garage sale Diva! Plus I invited several friends to bring stuff which gave us a super huge sale that wasn’t all my stuff. All combined our sale brought in nearly $2,000. Tomorrow, I’ll give you my tips for a low-work/high-profit garage sales.
P.S. I recommend this.