tag:blogger.com,1999:blog-17209233.post6997791043318205867..comments2023-09-30T11:58:07.453-04:00Comments on The Frugal Duchess: Recovering My Frugal Groove: Sell the Coach Bag? What I'm Willing To Give Up for Financial SecurityFrugal Duchesshttp://www.blogger.com/profile/00505138013388396364noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-17209233.post-6585208652509901092009-07-31T11:08:54.566-04:002009-07-31T11:08:54.566-04:00Sometimes selling off things is something you need...Sometimes selling off things is something you need to do. I've sold 99% of my books and media when times got rough. Just last weekend, I sold the ONE physical possession that meant the most to me (my Macbook Pro) and downgraded to a lesser model - used the extra cash to pay off a short term loan that I had to take out or risk losing my car after a bought of unemployment. I've got a good job now, but that 500% interest wasn't going to help me get ahead. Now I can start saving slowing for a new MBP, without worrying about coming up with money for gas or groceries for the next few months.wenhaverhttps://www.blogger.com/profile/04571866668795146089noreply@blogger.comtag:blogger.com,1999:blog-17209233.post-17604727293185841822009-06-29T16:11:45.526-04:002009-06-29T16:11:45.526-04:00It's always reassuring to remember that your j...It's always reassuring to remember that your jewelry/wardrobe and collectibles, etc. can be turned into $ if needed - if you only PAWN them! I have paened some of my instruments (I have many) for a quick loan & then bought them back. I have also sold pieces of art I collected - one originally was $40 and I sold it for $1500 - not a bad return.pamelahttps://www.blogger.com/profile/06209495011702893392noreply@blogger.comtag:blogger.com,1999:blog-17209233.post-85650212595232532272009-06-23T22:15:25.329-04:002009-06-23T22:15:25.329-04:00I'm going to play devil's advocate here. ...I'm going to play devil's advocate here. I am not against selling things to make money to get by while unemployed, however, the resale value on a used purse, even a $300 purse isn't that much. Probably $50-$75 at the most. That is not going to buy much in the way of groceries. The big screen on the other hand... should bring enough to make it worth selling.<br /><br />In the interest of full disclosure, I own a coach bag. It is 4 years old, I use it everyday and I am hard on purses. Its a brick house. There is frugal and there is cheap. It may be a $300 purse but I am going to get a minimum 10 years use out of this purse. <br /><br />On the other hand, she could sell her purse, get $50 bucks for it and have to buy a $10 Kmart special that that might last a week or six months at the most. There is frugal, and there is cheap, and there are other ways to make money. <br /><br />I was unemployed for 9 months and I did just about anything, temped, did taxes for friends, sold quite a bit on Ebay, and it was enough to get by till I found a job. It comes down to doing whatever it takes to get by.<br /><br />The person in the article is going to have to scale back, learn to live within her means and that is a hard lesson to learn. She may have to hit rock bottom, and even then some people never learn.Mohttps://www.blogger.com/profile/09966720323240605927noreply@blogger.comtag:blogger.com,1999:blog-17209233.post-20008303186593560062008-08-19T12:57:00.000-04:002008-08-19T12:57:00.000-04:00from experience, pawn shops generally offer only 1...from experience, pawn shops generally offer only 1/3 what<BR/> gold jewelry is worth, not nearly what you pay for it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17209233.post-41013642003553704122008-03-31T10:56:00.000-04:002008-03-31T10:56:00.000-04:00BTW, various sources on the net say this house was...BTW, various sources on the net say this house was bought in 2002 for $202K from her husband's parents and continually refinanced until the balance hit $650K in 2006.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17209233.post-87926546994218561272008-03-29T19:34:00.000-04:002008-03-29T19:34:00.000-04:00The only thing we have of value is the gold jewelr...The only thing we have of value is the gold jewelry my wife got as presents for our wedding. With gold at $1000/oz, we could probably clear $15K-$20K from it. Certainly would pay a lot of bills.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17209233.post-42278210994040382902008-03-29T18:37:00.000-04:002008-03-29T18:37:00.000-04:00I hate to say it, but one of the things I'd have t...I hate to say it, but one of the things I'd have to give up is my monthly Sharebuilder investment, which is a little over $300. I'd also have to figure out ways to drive less, which will be pretty tough.Ryanhttps://www.blogger.com/profile/17336658967429749129noreply@blogger.comtag:blogger.com,1999:blog-17209233.post-33581648444021980492008-03-29T07:07:00.000-04:002008-03-29T07:07:00.000-04:00Wow marvelous!!! This shows that the woman living ...Wow marvelous!!! This shows that the woman living a luxurious life. Because of the loss of job she had to take credit from the bank. It would be better if she would have sold some of her house hold articles. This would relieve a bit of her crises.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17209233.post-72094763660484053872008-03-29T04:27:00.000-04:002008-03-29T04:27:00.000-04:00I don't think selling off personal effects (at pro...I don't think selling off personal effects (at probably 1/10 to 1/3 their initial cost) is the answer to this sort of problem. This woman ran through her "savings" a few weeks after losing her $70K job. At that pay rate she should have had a MUCH larger emergency fund, or else have build up substantial financial assets. She obviously bought more house than she could really afford, and then proceeded to purchase lifestyle accessories to suit.<BR/><BR/>Don't buy the expensive bracelets and bags in the first place!enoughwealth@yahoo.comhttps://www.blogger.com/profile/09371028394685288035noreply@blogger.com