The age old American tradition of purging of unwanted items that are someone else’s treasures is alive and well!

Despite the 90 degree weather with 80% humidity with no shade, we managed to make out with more than just a sun burn. More important than walking away with $171, we managed to declutter our lives and have a great time doing so. It feels good.

There are a few pointers that we would like to make, in case you are considering a yard sale:

1) Pricing is key. James & I have different ways of looking at this topic. On the whole, James would price things lower than I would see as reasonable, and my pricing was higher than James saw as reasonable. I believe that there has to be a balance, and both the buyer and the seller have to feel that they got a good deal.

2) Make an offer. As the day went on we took off the price tags and worked by negotiation, and found this to be quite good on the whole. The key is to get them to offer a price first. Or, you can leave price tags on and make them feel like they are getting a bargain. Either way, if they think they got a good deal they will be happier. Plus, you can bundle things that they seem interested in, just to move stuff.

3) Size it up. You’ve got to work the crowd and read what they might be interested in. For instance, we had several different sizes of clothing, and it was helpful to look at the person and recommend certain pieces based on their size and style. This was very helpful.

4) Join with friends. One of the best parts of our yard sale was that both a friend and friends of a friend brought their wares to add to the bounty. This is helpful, as people check it out when there is more stuff. Plus, they are more likely to find something they like and stay to check out more stuff. Beyond the sales aspect, it was helpful to have more people working the crowd and made it appear to be a happening place. Not only that, but it was plain and simple, a lot more fun!

5) FREE. F-R-E-E. FREE. Nothing sells like free. It’s a great way to start a conversation or move stuff that doesn’t seem to be going anywhere.

6) Bonus of bartering. Plus, we were lucky to bargain with the pizza man around the block who bought a bunch of stuff and threw in a couple of pizzas and sodas to boot!

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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