I'm 52, looked around, and decided I have too much stuff! I'm selling off a bunch of items, and only purchasing something that has value, aside from wear-and-tear items, like casual clothing, which I get on sale.
I'm surprised at how much these items can be worth to others. I used to knit a lot more than I do, and have a ton of yarn. Going to start bundling that and selling it. $50 here, $50 there - adds up. Also gathering clothing that doesn't fit anymore and sending it off to Goodwill. If I DO get back into a size 2 sometime soon, I can re-buy at discount. In the meantime, the closet space is more valuable. I use the money to pay off existing bills or bank it.
I have store cards. A lot of them. Why? Coupons and bonus points. Went to Bloomies yesterday. Shoes on sale plus an additional 20% off. In addition, I had a $25 bonus points card. Bought two pairs of shoes for $112 (one pair was originally $225 retail), then got an additional $10 card to use next time. I donated $25 to charity through Macy's and earn bonus dollars on all my purchases till the end of the year. I usually get a nice gift card in Jan from this program, which I hand to my daughter for when she hits the Mall. Nordstrom's Rack has great buys but you have to pick and choose. Only hit the sale part of the shoe rack - that's where unsold designer shoes go to die. Hit the racks that have designer clothes on clearance. Everything else? Not so much of a bargain in my eyes. The TJ Maxx in Tysons Corner has a designer section. Great purse buys sometimes, if you are 'into' them. Designer clothing/purses/jewelry holds their value, sometimes increases in value. Supply/demand holds true here.
I have an online vintage shop, and am realizing the value in certain names, so now when I shop, I'm much more conscious of that. I rarely pay retail, and think market value further down the road. I'm teaching my 16 year old daughter the same, i.e. don't just look at price, look at value for price. If an item is classic and lasts years, you will be spending much less in the long run, even though it's pricey now.
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