Home > Archive: March, 2022

Archive for March, 2022

2021 Taxes Done - Turned out well

March 28th, 2022 at 12:14 am

We got our taxes back from our accountant last night. 2021 was complicated because we had to file our normal personal return, a final return for my late cousin, and an estate return. I had no idea what to expect. Our accountant didn't either, so he was extra conservative with our tax planning this past year. Back in December after we got some large investment distributions in taxable accounts, he had me pay a total of $9,400 in estimated taxes and he thought we'd likely owe another $1,500 or so before we were done.

Thankfully he greatly overestimated. Overall, we're getting refunds totalling $7,623. I was very pleasantly surprised by that. I've been sitting on extra cash in our checking account expecting to have to write a couple of large checks. Now that money, and the refunds when they come, can get put somewhere better.

Ebay update 3/27/22

March 28th, 2022 at 12:09 am
Time for my weekly ebay update.
My 90-day running sales total is currently $2,095.08 and $1,544.04 YTD.
YTD profit is $1,079.35.
Very happy with these numbers. I've sold several items that were in our garage and basement, along with a couple more estate sale purchases.
I'm now in the black with the estate sale stuff. Since 2/19/22, I've spent $92 at sales to purchase 12 items. I've now sold 6 of those items for $109.90 so I've made about $18 profit (before expenses) and still have 6 items left to sell.
I went to one sale on Friday but didn't get anything. I had to work this weekend so wasn't able to hit any estate or yard sales. I was bummed about that as it was the first weekend there were many yard sales around here and the weather was beautiful. I had to live vicariously reading all of the posts in the ebay Facebook group seeing all the great stuff others scored this weekend. Oh well, I'll be out there next Saturday for sure.

Ebay update 3/20/22

March 20th, 2022 at 07:35 pm
I had a good week. My GI Joe auction ended on Tuesday for $305! One of my best sales ever. And several other things sold too.
My 90-day running sales total is currently $1,852.54 and $1,397.20 YTD.
YTD profit is $960.56, so way above my goal of $200/month.
I went to estate sales on Thursday and Friday and picked up a few things. The Thursday sale was an extra day added to a sale from the previous weekend. Everything was 50% off, which was perfect for me. Unfortunately, two things I bought turned out to have damage that I didn't notice until I got them home. I need to check more carefully from now on. I should still be fine though. The other items should sell for enough to make up for it. I adjusted my costs to zero out the cost of those two items.
I only started hitting the estate sales last month. So far, I've spent $92 on 12 items (not counting the 2 damaged things). I've already made back $91 selling 5 of them so whatever I get for the other 7 is all profit.
I didn't bother with any sales yesterday. I went to two today but didn't get anything. The professionally-run sales seem to have sky high prices, at least when they first start. Later in the sale they're more willing to negotiate. I think I need stop going when they open and start going toward the end of the day, or on the last day if it's a multi-day sale.
Overall, I'm very happy with the numbers I've racked up. Definitely more than I expected. Now that it's spring, the yard sales should start popping up soon. I'm looking forward to checking those out as prices tend to be a lot more reasonable than they are at the estate sales, though finding quality items can be more challenging.

New freezer - ugh

March 20th, 2022 at 01:44 am

DW went down to get the laundry on Thursday and the freezer was beeping which generally means we left the door open... except the door was closed. So the temp was too high for some reason. She opened it and things were still frozen but a couple of things weren't as solid as they should be. I told her to just crank up the temp setting and leave it be (I was at work).

Of course, that didn't solve the problem. We moved some stuff into the upstairs freezer and the little freezer in the bar fridge but we will end up having to trash a bunch of stuff ($$).

I went online today to shop for a new one. Found one I wanted at Lowe's but the website showed it wouldn't be available until September. Fortunately, I knew that the website isn't always accurate, so I took a ride over to their nearest store. They didn't have one but their system showed that another area store did. I went there and sure enough they had one in stock.

I bought it right away. I even signed up for Lowe's credit card because it saved me $100. The soonest they can deliver is Wednesday but we're fine without it until then.

Just $700 we weren't expecting to be spending plus the cost of replacing the food that we lost.

It's always something.

Ebay update 3/13/22

March 13th, 2022 at 11:59 pm

I've been a collectibles dealer since 1986 and an ebay seller since 1997 but was relatively dormant for many years as work and life kept me busy with other things. It's been my plan all along for my retirement "job" to be getting back to my collectibles business. I started selling again toward the end of the summer with a lot of the stuff I got when I cleaned out my cousin's house, and I've moved on to a lot of the stuff we already had that needed to be sold.

My 90-day running sales total is currently $1,364.61 and $958.30 YTD.

My goal for now, while I'm still working, is to earn at least $200/mo. after expenses. Right now I'm at $687.89 YTD so already ahead of my goal.

Something I didn't really think I would do quite yet was to start buying items to resell again, but I've gone down that road, too. In the past 3 weeks, I've gone to several estate sales. I struck out at some but did buy several items at others. So far, I've bought 7 items and already sold 4 of them, so not a bad track record in a short time. I'm hoping that once yard sale season gets going, I'll find more merchandise at better prices as the estate sales tend to be more costly. I think some of those organizers price the stuff based on  the highest prices they see on ebay. Great if they can get it, but I certainly can't pay full retail price if I want to resell the stuff.

That's all for now. I'll update periodically with my progress. If you're an ebay seller too, I'd love to hear how you're making out.

New bed, Chili, and ebay update

March 5th, 2022 at 09:07 pm

We did something today that we haven't done for 25 years - bought a new bed. DW has been wanting a new mattress for ages but I've put it off because I'm cheap and sleep just fine on the one we have. However since she hurt her back in October, she hasn't been able to sleep in bed. She just can't get comfortable and it doesn't give her enough support. She's been sleeping downstairs on the loveseat propped up with pillows. Not a good long term solution. We were hoping she'd be better by now but since she's not, it was time to go another route.

She did a bunch of research and decided on a hybrid memory foam/spring mattress. The main thing would be an adjustable base so she could raise the head of the bed rather than propping up on pillows. Honestly, I'll like that too as watching TV in bed or even doing stuff on my phone means propping up awkwardly which tends to hurt my neck.

We headed off to a local shop today. They were still running their Presidents Day sale. We tried several options and agreed on one and placed the order. It should be delivered on Tuesday. We got split twin XLs since we have a king bed but need to be able to adjust them independently so she can sleep propped up and I can sleep flat. Of course, that raised the price, but it's the only workable solution.

After lunch, I made a pot of chili as we were out. That will be dinner tonight and 5 containers went into the freezer.

Ebay has been busy. I'm up to 82 active listings. My 90-day sales total is $1,039. My current goal is to make at least $200/mo after expenses and YTD I'm already at $505 so I should have no trouble passing $600 before the end of March. I already have $21 in bids right now.

Although the primary goal is to clear out the basement and garage, I've also started going to estate sales, being very selective in what I buy to resell. Two weeks ago, I went to my first one and bought 6 items for $14. I've already sold 2 for $40. Thursday I went to one and spent $3 for one item which I sold last night for $25. Not a bad track record so far.