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« Posts of the Week -- December 5 | Main | The Proper Perspective »

December 10, 2005


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I tend to agree with Suze, though I'm glad many people obviously don't--I've gotten many a good deal at a garage sale. :)

I also agree with Suze on this one. However, my wife loves the social aspects of the garage sale. We live in a small town and she will sit out there all day and have people stop over. Personally, I don't like people going through my stuff, even though I really don't want it any more.

I don't know if Suze has actually been a yard sale but if she has she probably didn't notice that many of the people holding a yard sale aren't exactly in the upper tax bracket and thus most likely wouldn't receive much if any tax benefit from their meager goods. Maybe this is why you don't often see yard sales in the better neighborhoods?

In the past we've cleared somewhere around $500-$1000 for a days work. Not bad at all, and certainly better than we would have made in terms of tax deductions -- then again, we've been in a pretty low tax bracket in the past. Another suggestion would be to high-grade and sell the most valuable items on eBay, and donate the rest.

I like setting up garage sales. Money in hand is better than the promise of Uncle Sam not taking quite so much money later. You can't earn interest on promises.

It's also a safe "laboratory" for testing salesmanship, presentation, and negotiation for anyone who has even a little bit of an entrepreneurial streak. The garage sale might bring in only a few dollars, but it's practice for setting up a bigger business, and you can work out some of the kinks in your selling and negotiation style by hosting a garage sale. Plus, you get to see the tricks that other people use when they negotiate with you. It makes you a stronger buyer at other garage sales.

I really like your perspective on garage sales. I will keep this in mind for my children. I home school and this would certainly be a great lesson for them and me too.
Have a blessed day!
Jeremiah 29:11
"For I know the plans I have for you,
declares the Lord."

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