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  • Any information shared on Free Money Finance does not constitute financial advice. The Website is intended to provide general information only and does not attempt to give you advice that relates to your specific circumstances. You are advised to discuss your specific requirements with an independent financial adviser. All posts are © 2005-2008, Free Money Finance.

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March 15, 2007

A Great Money Saving Tip That Few People Use

One of the old "tried and true" money saving ideas that really works is to buy clothing from used clothing/second-hand stores. Doing this, you can get some good stuff for pennies on the dollar. Yet most people don't take advantage of this idea (I don't know anyone who does) and even my wife, who's a very frugal person, doesn't always think of these stores as an option. Why is this? Is it because there's too much "hit and miss" in shopping them? Is it that they are perceived to be run-down stores in bad parts of town? (Ours aren't -- they're nice, new stores in the shopping district.) Is it because they're often unkempt and you have to dig through piles to find what you want? (This is true, but it's kind of fun to do.) Or is it that people hate buying used stuff? I'm not sure, but I was recently reminded what a great deal these places can be. Here's what happened.

In mid-January, my son broke the zipper on his winter coat. There was no way to get it to work, and since we live in the tundra region of the US (aka Michigan), we knew we needed to do something since there was still six months of winter left. (Ok, I exaggerate a bit, but it SEEMS like we have six more months of winter left.)

My wife called around to various clothing repair and cleaning places. They wanted anywhere from $16 to $35 to replace the zipper. Considering the fact that the coat cost us $20 in the first place (on sale last spring), she was not going to pay any of those prices.

So she checked a few local retailers to see if they had any deals on winter coats. She found that they either had their coats still priced at regular (translation: too high) price or were out of them altogether. No luck here.

Then she thought of the local second-hand store. She took my son down there, found a beautiful, barely used Columbia coat (better than the winter coat I wear and much "cooler" -- a key for my son -- in that it was yellow and stylish) for $6. Sold!

My son has since proudly worn his "new" coat everywhere and loves it. My wife loves it too -- but for a different reason. ;-)

Anyway, this whole incident got me to thinking why we don't use the second-hand store more often. Anyone out there have any thoughts on this issue?

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I don't shop in second hand stores because I like the experience of shopping, it's a great pastime for me even if I buy nothing and just browse. But the experience of shopping at a second hand store just plain sucks. There is no organization, it's cluttered and you have to dig through mismatched items to find anything good. There's no consistency in the types of items/colours/styles that are carried. It's aesthetically displeasing to shop there, and that's why I don't do it. Shopping is supposed to be fun!

That said, if I hated shopping in general and only did it out of necessity, then I would totally shop at consignment stores; I have nothing against them in principle. In fact I'm currently on a weight loss mission and intend to buy all my "in between sizes" clothing at consignment stores because I can't stomach paying full retail prices for clothes that will only fit me for a few weeks or months. But normally I accept the trade-off of paying higher prices for a pleasant shopping experience and shopping in branded stores where I know what to expect from the products.

Great question! I'm now a devotee of thrift stores, but I haven't always been. Dusty dirty stores just aren't appealing - and if you're a thrift store shopper, you've seen your share of places like this. But new shoppers have to realize that most stores, especially national chains like Goodwill, are clean, well-lit and somewhat organized. Not very different than discount stores like Ross or Marshall's. Most even have dressing rooms by now! Just get over your hesitation and give it a try. And remember, even when you buy something new in a store, it may have been tried on before - rendering it almost the same as used clothing if you think about it.

Another reason that I never used to shop thrift stores is because I figured I wouldn't find clothing in my size - I'm a plus-size woman. Wrong! BBWs get rid of their clothing, too, you may just have to look a bit harder for it. It's worth the extra time looking to save that $40 you would have spent at a "specialty" store on the same item.

I've sold my clothes (some really new clothes!) at consignment stores, but I don't like to shop there.

I just don't like the idea of wearing clothes some stranger wore before me. Maybe I'm just spoiled, I don't know. But it's a deep aversion with me. Nor do I want to go in the store and smell the used-clothes store smell (I HATE the smell of a used clothing store), or spend time rifling through the racks, or take it home only to find some flaw I missed at the store.

I don't enjoy shopping, though. I usually shop at a couple of stores online and end up returning half of it (so taking a hit on postage). I do try to limit myself to things on sale.

Not that my wardrobe is anything to get excited about just because it's bought new. My wardrobe is pretty sad actually -- and it's only getting sadder since I've bought virtually nothing for over a year. It's a good thing I have a job where I can wear nice jeans and nice tshirts every day -- and my work-quality tshirts are starting to show some wear.

db
www.debtblitzkrieg.com

I do shop at second-hand stores every now and then, but not regularly. For one thing, I like to be stylish, and while there are some great unique finds at second-hand shops, the flip side of this is that almost everything there is at least a few seasons old. Much of it is hopelessly out of style, and even the current stuff may be from stores I wouldn't shop at to begin with--I mean, I'm 28 and not ready to wear Talbots or Eileen Fisher yet. So there's a lot of sifting that needs to be done. Then, if you find something that's your style and happens to fit, you still have to inspect it VERY carefully for holes and stains. It's time-consuming!

so there is also another cost saver in your post: buy a sewing machine and learn how to sew. hemming pants, fixing zippers, etc will more than make up the cost of a sewing machine. get a basic machine that can sew threw denim. you don't need 100 function sewing machine.

I got a suit jacket at a goodwill once that has served me well. I wore it again recently for the first time in a couple years, though, and my wife laughed at me. She said it was something a 50 year old would wear because it is double breasted.

Just because you can get a good deal at a second hand shop doesn't mean that your fashion sense improves any, I guess. I still like it, though, even if it isn't the same shade as any of my pants anymore.

I'm tall, so I have a hard time finding clothes that fit even at retail stores. I've looked at consignment shops a few times, but I don't usually feel like pawing through hundreds of pairs of pants to find one pair that might fit and be long enough. It's the same reason I don't often go to the discount stores like Marshall's/TJ Maxx anymore - it's so unlikely that I'll find something that truly fits, it's not worth the effort.

I'm a 45 year old woman who has been shopping in thrift stores since High School. My mother was horrified that I liked Goodwill better than Macy's, but I didn't care. I can afford Saks now, but rarely, if ever, step foot in there. I'm a professional with a great deal of client contact in billion-dollar industries. 90% of my closet came from second hand stores. I live in a cool urban city, so there's a lot of options. I wear a cashmere Versace coat ($90); Tahari pants ($8); Italian shoes, silk shirts, vintage blouses, you name it. I laugh when my friends admire my clothing because I want to say, "This black and white cashmere sweater was in the dollar bin at ThriftTown." You start to get very good at spotting the right fabrics, lengths, styles and brands. When I'm through with them, they go back to Goodwill for the writeoff!

I find that most people have a balance for frugality. There are stores like TJ Maxx near me that sell things pretty cheap and they are always new. Could I save a more at a used show? Of course I could.

What would that cost me though? Finding something that's not worn down that's in the right style and size sounds difficult. Given that things can be disorderly the difficulty is multiplied by 100. I believe I would have to visit 4 stores to find one piece of acceptable clothing. Avoiding that annoyance and saving that time - probably a whole day on the weekend - is worth quite a bit to me.

And to finish it off, I definitely have a bit of an "ick factor" when I think about wearing strangers' clothes. How far away is that from using a used toothbrush :-)? Where do you draw the line?

I can't really see where Laura gets the idea that people who don't like shopping would go to thrift stores...thrift stores, after all, amplify a hundredfold all the WORST things about B&M shopping.

I mean, if digging through piles of other people's cast-off junk is something you count as "kind of fun to do", then by all means have at it...I'd never think of criticizing a stranger's taste in recreation. But if I were to decide to visit a thrift store, it'd mean basically losing a day of my life to the project...and since the experience would be not merely not enjoyable but so frustrating that upon departure I'd probably be ready to throw things at people, it just isn't worth it.

here is South Africa the clothing market is now dorminated by cheap Chinese Clothing. The nice trendy are the second hand ones coming from Europe. I love the clothes good quality and popular brands at reasonable prices. My friends are still puzzled about my source of clothing. Keep them coming this way. I like them and cant stop buying them. might go into business too.

I found this post via your 10 Most Hated Tips post, and I'm surprised to see buying used clothing described as something few people do. Maybe I hang out with an overly frugal crowd?

Anyway, on my blog I do reviews of thrift and consignment stores, so I'm usually preaching to the choir. I'm glad you wrote this post because I can see people's objections to buying secondhand in the comments. This gives me a better idea of what others might be looking for in a resale shopping experience.

Wearin used clothes is gross.

I sometimes buy from thrift stores, but not often because I really don't enjoy shopping much, and needle-in-the-haystack shopping even less. It seems that a person would have to do it often to get the most out of it. Same thing for garage sales. I am much more likely to buy used of almost anything else but clothing. Love craigslist!

I'll hit second hand store once in a great while, but usually I find them overpriced. I can usually get brand new, even sometimes namebrand clothes at regular stores by hitting the sales just right for the same price the consignment stores are selling them. One thing I do love is when the Goodwill by our house has discontinued Target stuff at prices you can't beat.

Here's the best way to get great used clothes. Find someone who's a clothes guru with great style and tell them you're interested in purchasing their clothes when they're sick of them. In my case, I'm lucky to have a sister who is close to being a shopaholic. She totally changes out her wardrobe like every six months or so and passes the clothes on to me. Also, my cousin, who has kids just a little bit older than mine, lets me have first dibs on their outgrown clothes before she puts them in her garage sale. I pay her what she thinks she would've gotten for them in the sale. She's thankful for an easy opportunity to get rid of her "junk", and I'm thankful for all the time and money it saves me.

I work at a thrift store. :) We do charity work, so we don't have the money to replace the flooring or the lights, or even repaint the walls. :(

We do try to keep the racks organized and neat, though shoppers hide things for later or just put things back 'wherever.' I do a LOT of reorganizing during the day.

I will say that there are some amazing deals. One lady bought a Ralph Lauren Polo purse that originally sold at Macy's for $300 + $400 for the strap. Her price? $10.99

I would plan to spend a few hours if looking for clothes, and always walk through the furniture section if you are looking for anything in that area. Our lamps come from thrift stores; college kids get rid of them after the year is over rather than take them home. Same with a lot of the furniture.

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