Challenge Savings Month #5: $2,954.14 [+$900]

Well that’s been a fast 5 months! Just the other day it seems like I was bitching about my $170 cell phone (and cable!) bills, thinking I’d do exactly what I always do about it over the years – nothing ;) But for whatever reason J. Money 2.0 stepped up to the plate, and here we are with almost $3,000 in the bank that didn’t exist 5 months ago! Hot damn!

Here’s proof of my savings account I opened specifically for this new mantra:

challenge savings account

Not only have we saved $2,954.14 without sacrificing any quality of life, but even more exciting is that it’s $2,954.14 I can now do whatever the hell I want with! Because it’s all “extra” and unaccounted for!

This is the power of challenging all your bills and “stuff” – any actions you do only adds money to your pockets and opens up the options. And if you then throw on your patient pants and SIT on this money as we’re doing here for a whole 12 months (so that we really appreciate the magic of compound savings), it allows you to dream even more. What would you do with an extra $3,000 right now?? Or an extra $7,300 by the end of the year at this current rate?

A beautiful thing to think about friends, a beautiful thing…

Here’s how much we saved per category so far:

  • Cell phones: $562.90
  • Cable/internet/phone: $297.04
  • Car insurance: $152.95
  • Craigslist sales: $550.00
  • Random money: $1,390.86
  • Interest earned*: $0.39

Look at that “random money” one – almost $1,400 that came in either out of the blue or out of my mind (like cash back rewards, USAA dividends, and other things that occur yearly I never pay attention to). Where would this $1,400 have gone if not safely stashed away? How much would my lifestyle have crept up playing with this “fun money?”

(If you’re more emotional than logical w/ your money as I am, chances are you think of money differently depending on how you received it. For example, money from paychecks are hard earned and I’m way more conservative with. Money that comes from birthday gifts or found on the ground is always “free” and thus Splurgy McSplurgypants comes into action ;) Not that this is always a bad thing, but just something to be aware of with how you see money)

Something else that’s interesting from that breakdown is the Craigslist section. It’s almost in 2nd place there right next to cell phone savings, but it takes the longest time by far to earn compared to all other categories. I’m still gungho and listing one item every sexy Friday, but compared to the 3 bills we’ve slashed that passively pay dividends every single month it’s a whole other story. One time actions for one time pay vs one/two time actions for recurring monthly pay! Still, I haven’t been happier offloading so much stuff in my life… Feeling lighter as every week passes :)

Here’s how January broke down:

challenge everything - January

Cell phones — A solid $110+ every month since switching from Verizon to Republic Wireless – one of the best moves we’ve made. (Or, should I say *I* made. My wife is really starting to hate her “Crappy Motorola” and keeps threatening to go back to her iPhone. The only reason she hasn’t yet? That $500+ we’ve saved so far! :))

Cable/internet/phone — We wrapped up the last of this whole debacle last month, dropping our bill by $80/mo when all was said and done (I thought I had dropped it to $90 total but turns out pro-rated stuff happened so we’re now settled on a $90/mo bill. Something we’re more than happy with as we still love our cable and isn’t that much more had we chopped everything off and kept internet only.)

Car insurance — Haven’t lifted a finger since our 15 min phone call which resulted in $30 savings each month. Not everyone will have the same luck, but even if you only saved $10/mo from 15 minutes you’d have $100+ every year going forward!

SOLD: Gold ornate mirror — This guy I bought on a whim for $20.00 a few years ago, and then realized it was made entirely of plastic. Oops. I should have known when it was only $20 and saw the “made in China” sticker on the back :) Still, it had the exact gaudiness I was going for and it proudly hung on our wall until the kiddos came around… Now we have a painting of Noah’s Arc and all these colorful animals our boys would much rather see than a reflection of themselves, haha… So instead of looking for another wall to put it on I decided to list it for the same $20 I paid and figured I’d just keep it if it didn’t sell. A local photographer picked it up a few days later to be used as a studio prop – perfect!

gold ornate mirror

Cashed in change! — Every night I throw all my spare change into a jar, and then whenever the jar get’s filled I head to the bank and either deposit it or get it back in dolla dolla bills for splurging. This time it went straight into our Challenge savings.

Christmas money from the mother-in-law — She always gives us money every year, but this time it seemed a LOT more than usual. My wife says it was go cover both of our gifts as well as spoil our two children, so I just asked if we could bank it here into our Challenge Account since we had already paid for our kids’ Christmas gift on her behalf, and she said sure. So part of this $ was reimbursement, and the other gifts that my wife and I juts did without since we’d rather have the cash.

SOLD: Vintage JVC boombox — This is the best flip so far – a $2.00 yard sale find I never use for $50 smackaroos! And do you know how much this bad boy goes for on eBay? Anywhere from $100-$500, dayumm… I knew it was worth more than $2.00 but talk about the power of researching first. This is one solid “ghetto blaster” (a term I picked up from doing the research – never heard of that before?) and if anyone dared rock it on their shoulders a lot the 80’s they’d need a chiropractor the next day ;) The thing sure did shake our house though! I had it on maybe 10% of the volume and my whole kitchen table was vibrating – it’s a freakin’ beast! With tons of ports and nobs and gizmos to beat. Much better than the crap that’s made these days… So why sell for $50 instead of $100-$500 on eBay? Convenience. And I also hadn’t tested anything outside of the radio so wasn’t 100% everything worked correctly which I made note of in the listing. When the guy picked it up from me I asked what he was going to do with it and he said “You know what I’m going to do” haha… And I did – throw it on eBay :) (This guy was a radio freak and made thousands on eBay every year flipping stuff).

vintage boombox

Credit card rewards — These get automatically paid against our c/c bill every year, but instead of letting myself off the hook that easily I quickly xfered it into our savings here so that we can fully appreciate these rewards. What fun is it going straight to your c/c bill?? (We put all expenses on our card fyi and then pay it off in full each month. Simply to earn these hundreds every year (we have the USAA Cash Rewards World MasterCard – it doesn’t pay as much as other cards out there, but we prefer the convenience than playing the card hacking game)).

And that’s how we scored an extra $900 this month! Needless to say this challenge is the gift that keeps on giving…

Here’s what I’m realizing after a solid 5 months so far:

  1. Time keeps passing like a mother. Not so good for our boyish good looks, but very much so for compound savings!
  2. You get a lot more random money than you probably realize. That $1,400 up there consists of 21 separate times I received money for things I mostly wasn’t expecting. Where would that money have gone if you’re not paying attention to it?
  3. It’s crazy how you don’t ever miss your “stuff.” It is hard to get rid of my *cooler* stuff, I’m not gonna lie, but I hardly notice it’s gone once it is.
  4. I’m reminded of the times well spent with my stuff before it was sold. This sounds like the opposite of everything this mission stands for, but we rarely take into consideration all the joy some of our things actually did bring at one point – even if short lived. It’s not like we buy crap we initially hate, right? So I’m finding more appreciation of my stuff for however long it was under my watch, which is a nice extra on top of the money earned from offloading it years later.
  5. I get both envious, and relieved, each time an item of mine sells. The people buying all of that stuff from me? They’re now experiencing the joys I originally felt by owning it all myself – only with a hefty discount :) So I typically get kinda jealous at first with what a bargain they’re about to receive, but then I do a total mind flip and remind myself that I’m not a “sucka” anymore, haha… Not that these people necessarily are either – I mean, they’re buying used stuff on Craigslist! – but I’m finding I much prefer being on the side of receiving the cash than giving it away. So the jealousy subsides fairly quickly…

And, lastly, freedom > income > stuff. The stuff is nice sometimes,  the income is even better, but at the end of the day it’s all about more freedom in our lives. And every time I sit down to do these monthly updates it’s like a giant tsunami of joy crashing over me :) We now have almost $3,000 to improve our lives with! And it’s only month #5!

It’s time you start challenging your lives as well.

——-
*Not the point of this exercise.

[Photo by JD Hancock]

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70 Comments

  1. Nicola February 9, 2015 at 5:20 AM

    That’s another awesome month and just shows what you can do! I’m looking forward to seeing the final number after month 12 :) +$900 in a month is definitely something to be proud of :)

    Reply
  2. Emma | Money Can Buy Me Happiness February 9, 2015 at 5:25 AM

    What the? I had no idea old ghetto blasters (boom boxes) were worth so much. I have to tell my Dad, he’s got a few in his garage. That is some solid effort right there, well done you.
    Oh also – I totally bank everything my parents and in-laws give my son. They hand us cash to buy him something special and I’m like “Yeah, cool having a down payment on a house when you’re 18 is pretty special”. I take maybe $2-5 and buy him a toy from the thrift shop and put the rest in his savings account earning 4%. He doesn’t know the difference between a new and old toy. He’ll thank me when he’s older.

    Reply
    1. J. Money February 9, 2015 at 11:28 AM

      1) Excellent idea
      2) How the hell do you get 4% interest??? That’s incredible!

      Reply
      1. Muhammad Abdusamad February 13, 2015 at 3:16 PM

        You may not get 4%, but check out Kasasa. They have programs with banks where you can get 2 – 3%. But the banks and credit unions are not everywhere.

        Reply
  3. MyMoneyDesign February 9, 2015 at 6:28 AM

    Awesome work on this! Although I don’t know … I might have held on to that Boom Box. That thing was a beauty!

    Reply
  4. Stefanie @ The Broke and Beautiful Life February 9, 2015 at 7:37 AM

    I’m noticing how much the “random” and “fun” money really adds up too. I don’t have a dedicated account for it, but I do work it into my budget for the following month so that I’m forced to think about how I want to spend it rather than just blowing it all thoughtlessly.

    Reply
  5. Brian February 9, 2015 at 7:47 AM

    Do you report your capital gains from your yard sales to the IRS? I am just wondering because you have a very public website and technically you are supposed to report these gains.

    I’m not trying to get anyone in trouble I am just curious. Most people who are selling their old stuff aren’t really making a gain on it, but in this case (and several for you) you have. I am more curious than anything.

    Reply
    1. J. Money February 9, 2015 at 11:30 AM

      Are you sure you’re supposed to do what with your own personal items? I always thought that if it was a business you had to (since you’re intentionally buying stuff to re-sell them for profit) but if it was your persona stuff you didn’t? Or at least up to a certain amount? I could be way off though… I honestly have no idea.

      Reply
      1. Brian February 9, 2015 at 11:38 AM

        Got me there. I have no idea. Guess it would be a good question to ask a tax accountant as a “hypothetical situation” for a “friend.”

        Reply
        1. J. Money February 13, 2015 at 4:45 PM

          haha – I’ll do that :)

          Reply
  6. Gil February 9, 2015 at 8:25 AM

    “One time actions for one time pay vs one/two time actions for recurring monthly pay”

    this is an interesting comparison. from what i remember when we were selling furniture on craigslist (before moving), it also took a lot of time to arrange and conduct the transactions, etc.

    have you found that selling on craiglist is a big time-sucker, in addition to being less leveraged than slashing bills?

    have you looked at alternative places to sell stuff?

    Reply
    1. J. Money February 9, 2015 at 11:35 AM

      It does take more time listing stuff and then meeting people/etc, but not so much that it isn’t worth it. Plus I really enjoy meeting new people and getting away from the computer :)

      I haven’t tried anything outside of Craigslist for this particular mission, but I used to do eBay a bit back in the day. I know some of my stuff could sell for a lot more there, but just too much hassle for me so I stick to the quickest route – even if it means less money. If you have the patience though I definitely recommend using a variety of sites so you can maximize profit.

      Reply
      1. Gil February 10, 2015 at 6:35 AM

        “Plus I really enjoy meeting new people and getting away from the computer :)”

        very good point – it’s not all about the money. do you find that most of the new people are from your neighborhood? or from out of town?

        one of the things i liked most about buying/selling on craiglist was in fact the personal stories connected to each item of furniture. the individuals, couples, and families all had pretty interesting stories. (i’m sure people who buy furniture at ikea also have interesting stories…but craigslist’s got way more of ’em.)

        where we live now, craiglist is very under-utilized for selling personal stuff (i think it’s a language thing)…but this post has got my curiosity piqued. i want to find out what other channels are available for selling the “priceless and invaluable artifacts” lying around our house! :)

        Reply
        1. J. Money February 12, 2015 at 12:29 PM

          Yes! The first thing I ask everyone is who it’s for and if they collect the items. I get all kinds of responses back like “I’ll be using it as wedding decorations!” or “I’m going to surprise my daughter with it as I know she’s going to love it” :)

          It’s really really cool.

          In fact, just last night I met with someone who rode up in a Mercedes convertible and “only had $20′” to pay for my $10 item – hah. I only had $6 in change so I ended up getting $14 instead :) I sold her a vintage decanter and when I asked if she collected them she said no, her husband is a big whiskey drinker and she was surprising him with this for Valentine’s Day :) I told her she needed to fill it UP with whiskey too and she said it would be too expensive?? Haha… So yeah, the people part is the best.

          Reply
  7. John @ Frugal Rules February 9, 2015 at 8:31 AM

    Nice work again J, $3k is an awfully nice number! :) I love the random or fun money – having just finished the holidays and both my wife and I have birthdays we usually get quite a bit of it. We noticed a few years back that we’d just spend it on stupid stuff mainly (well me more so than my wife ;) ). Now, we put it aside and use it to help towards something we want to do together or just save/invest it – either of which is much better than just more stuff.

    Reply
  8. Laurie @wellkeptwallet February 9, 2015 at 8:38 AM

    WOW – LOVE that boombox story!!! I’ll have to start checking garage sales more thoroughly now! Thanks, J$, for the Challenge Everything series. It’s motivated us and saved us TONS of cash!

    Reply
    1. J. Money February 9, 2015 at 11:36 AM

      I’m glad Laurie! Just make sure to look for the heavy SOLID boomboxes, not the plasticy crap you see a lot these days – big difference :)

      Reply
  9. Michelle Marcus February 9, 2015 at 8:39 AM

    I have not gotten any bites for any of my stuff on Craigslist. Any suggestions?

    Reply
    1. AJ February 9, 2015 at 9:48 AM

      Ooh not to butt in, but I had the same problem. Craigslist just doesn’t cut it anymore. Not sure of your area, but Facebook has local buy/sell/trade groups, and I’ve had a good amount of success unloading stuff there. :)

      Reply
      1. J. Money February 9, 2015 at 11:38 AM

        I would def. try Facebook or eBay for sure, but hard to say without knowing what items you’re trying to sell and how it’s listed. It’s quite possible there’s info lacking or the prices are too high, in which case it won’t matter where you try selling :) I lower mine a little each week more or less until it’s sold which def. helps. Then again, your area can just be bad for Craigslist so the other areas *would* help more.

        Reply
  10. Mrs. Frugalwoods February 9, 2015 at 8:44 AM

    Nicely done! I’m a big fan of wearing my patient pants and watching that compound interest do its thing. I also find that it’s easier to challenge everything rather than challenging just one category of things. We wholesale frugalized our lives with very few exceptions, which somehow is easier to stick to–I’m the queen of creeping exceptions (1 cookie always becomes 2 in my hot little paws…)

    Reply
  11. Fervent Finance February 9, 2015 at 9:40 AM

    Nice job so far! Also I need me one of those ghetto blasters, the $2 kind, not the $100-$500 kind though :)

    Reply
  12. AJ February 9, 2015 at 9:47 AM

    Awesome job! I just started doing this a couple weeks ago, and we’re already at $1,806. Just from getting rid of junk, I haven’t even started trying to haggle the bills (cellphone and internet). Hoping to make some dough on ebay this week too. Thanks for the motivational kick in the ass I’ve been needing. ;)

    Reply
    1. J. Money February 9, 2015 at 11:39 AM

      Wowww $1,800 is no joke! That’s 3x more than what I’ve earned, and I’ve been doing it for 5 months!! You’re killing it!

      Reply
  13. Shannon @ Financially Blonde February 9, 2015 at 10:02 AM

    Is that the boom box you mentioned on the podcast? I guess you can’t say you own one anymore unless there are more where that came from. And I love that instead of spoiling your children, you deposited money into your challenge everything savings account. Ours is up to a little over $700 from our auto drafts, which I am psyched about because I am sure that would have been lost money. Hubby and I plan to get better about selling stuff this year and it’s one of his to-dos over his spring break.

    Reply
    1. J. Money February 9, 2015 at 11:40 AM

      Hah – it probably is the same boom box as I only have/had one! :) It was a fine piece of equipment, but that $50 will compound much nicer over the years, hehe…

      Reply
  14. Alicia February 9, 2015 at 10:51 AM

    Huge chunks of change!! Um, I cannot believe you haven’t heard the term “ghetto blaster”. It must be regional because that’s way more common here than a Boom Box :)

    Reply
  15. Chris February 9, 2015 at 10:56 AM

    Would you mind telling what your wife doesn’t like about the phone? I am planning to go Republic Wireless and this would be interesting before I do it. Thank you.

    Reply
    1. J. Money February 9, 2015 at 11:47 AM

      My wife has the lower end model, Moto G, and says the camera is really slow (most pics come out blurry) and it’s just “not easy to use.” But keep in mind she’s coming from an iPhone which I believe is pretty much the best phone ever, technology wise, so in comparison it of course won’t be as nice. I use the Moto X and camera and everything works fine for the most part.. My wife also gets random people calling her all the time too which I’m sure adds to her dismay ;)

      Reply
  16. Barry @ Moneywehave February 9, 2015 at 10:56 AM

    Every time I see you’ve sold something on Craiglist I’m amazed. How much stuff do you have?

    No seriously, you’ve encouraged me to try and sell my crap before donating / throwing it out first.

    Reply
    1. J. Money February 9, 2015 at 11:49 AM

      I didn’t think I had that much stuff, but it’s amazing when you actually look around and see it all. I’m just impressed that I’m offloading some of the stuff I never really planned to! The other day I sold this dragon I’ve always liked just to keep upping my game and it’s such a rush! Haha… and it’s not like I’d ever grab any of these things in the event of a fire :)

      Reply
  17. Ashley February 9, 2015 at 10:57 AM

    Speaking of your cable bill…I just got invited (and then heard you didn’t need an invite anymore) to Swing TV. Seems like a great way to cut cable and still get the channels you want. Basically $20/month for ESPN, ESPN2, TBS, TNT, HGTV, Food Network, Travel Channel, Disney, and a few others. Add another $5/month for additional sports channels, $5/kids package, $5 for a news package. I’m not sure how to get the local channels, but I’d hope an antenna could get those. I currently have cable built into my rent/HOA fees so I don’t need it, but when I move to a place without cable, this will be very tempting.

    Reply
    1. Ashley February 9, 2015 at 10:57 AM

      Sling TV, not Swing TV. Sorry

      Reply
      1. J. Money February 9, 2015 at 11:50 AM

        Swing TV sounded a lot more risque, haha…

        Solid info though – thanks!

        Reply
  18. Kim February 9, 2015 at 11:00 AM

    My Mom and Dad sent some money for my birthday, and you are so right. Last year, I would have gone out to eat, but I stuck in my saving account right away and will enjoy it for something more meaningful than enchiladas. I should have kept my boom box from high school. It might have been that exact one!

    Reply
  19. CrystalH February 9, 2015 at 11:57 AM

    i just realized I have to take notes so I don’t forget anything in my comment!
    1. *gasp* you’ve never heard of a ghetto blaster? You’ve lived a sheltered life, my friend.
    2. I attempted the list 1 item on Fridays and failed miserably. Your post has motivated me to try again.
    3. (In my best mom voice), be careful with Craig’s List please!!!

    Thanks again for the motivation!

    Reply
    1. J. Money February 12, 2015 at 12:30 PM

      Haha… Your mission this weekend is to finally sell ONE THING! You can do it!! :)

      Reply
  20. Kayla @ Everything Finance February 9, 2015 at 12:11 PM

    Nice! What are you going to use that $3k on?

    Reply
    1. J. Money February 12, 2015 at 12:30 PM

      I haven’t decided all the way yet, but leaning towards maxing out a Roth IRA :)

      Reply
  21. Chris @ Flipping A Dollar February 9, 2015 at 1:13 PM

    That’s some awesome numbers man! The thing about the craigslist thing is that it isn’t savings like the other stuff. You actually created it! So basically, it’s just a bonus on top. Every dollar saved brings retirement one step closer!

    Reply
  22. Kim @ Money Under the Cushions February 9, 2015 at 1:39 PM

    I love reading these posts. I especially love the selling of something for as much as (or more than) you paid for it. It’s a good reminder and motivator to get back to it – the selling of stuff, that is. Alas, I am doing what I always do when the worst of the winter weather hits. Burrow until late March. It seems all of my energy goes to my primary money making venture. The rest is for enjoying time with hubby and going to the gym to work off comfort food (secret: I actually had the gym first when I first wrote this – lol). Every year I try to figure out a way to overcome my winter time inertia, but I have fallen into it once again. History tells me that I’ll have a thousand things posted to sell in about 45 days. :) I guess I’ll be happy with that.

    Reply
    1. J. Money February 12, 2015 at 12:39 PM

      at least you’re spending your time on quality stuff like your relationships and working out!! there could be worse ways to spend your winters :)

      Reply
  23. Tawcan February 9, 2015 at 2:16 PM

    Good looking numbers. That return for the ghetto blaster is awesome. Great stuff on dropping your cable/internet bill.

    Reply
  24. Emily @ Simple Cheap Mom February 9, 2015 at 3:24 PM

    It’s great that you’re tracking this all separately, it’s really adding up! We’re guilty of using gift money and found money for splurges. Not sure I’m ready to change that up yet though…

    Reply
  25. EL @ Moneywatch101 February 9, 2015 at 4:18 PM

    3 grand is nothing to sneeze at, you can almost max out the Roth right there. I wonder what your office looks like now that your selling and decluttering stuff? That mirror was hideous, good thing you got rid of it.

    Reply
    1. J. Money February 12, 2015 at 12:40 PM

      haha… you and my wife would get along ;)

      Reply
  26. writing2reality February 9, 2015 at 5:01 PM

    Joy is a two way street my friend.

    J. Money: Writing Monthly Updates = Giant Tsunami of Joy
    W2R: Reading Budgets Are Sexy = Giant Tsunami’s of Joy

    I smell a replacement for ol’ Ben up top! I mean, who doesn’t want a tsunami of joy? Amirite?

    Reply
    1. J. Money February 12, 2015 at 12:40 PM

      you might be on to something there, good sir.

      Reply
  27. Ben Luthi February 9, 2015 at 5:07 PM

    That’s some good progress, sir! I’ve been slacking on my own Craigslist plans.

    Reply
  28. Kate @ Money Propeller February 9, 2015 at 9:50 PM

    Another impressive month! I’m glad that I didn’t renew my cable because I think I was only wasting money on it, so now, I can save for almost $50 every month!

    Reply
  29. jestjack February 10, 2015 at 8:12 AM

    Thanks for keeping us informed…Got an idea … how about you take the savings from the cell phone switch away from Verizon to BUY Verizon stock. I battled with AT&T years ago and switched to Virgin Mobile,. But after some thought came to realize these guys have a license to print money! So I bought AT&T stock. Both the stock purchase and the switch to Virgin have proved to be smart moves. Both Verizon and AT&T have excellent dividends and continue to gobble up bandwidth. It would be cool to see the money grow from your Verizon holdings as you use the savings from not being a Verizon customer to become a Verizon owner….Just a thought…

    Reply
    1. J. Money February 12, 2015 at 12:42 PM

      Haha I like the way you think! If I weren’t so in love with indexing I might take you up on it :) (Though I am supposed to be learning more about dividends this year, aren’t I?)

      Reply
  30. Barry February 10, 2015 at 11:00 AM

    Just got off the phone with my insurance agent and knocked $30 a month off my rate thanks to this article. I had all of your notes there in front of me and we were able to cut the mileage driven, raise the deductible, and reduce the medical coverage to save some cash! Getting ready to cut the cable cord this week as well!

    Reply
    1. J. Money February 12, 2015 at 12:45 PM

      Holy crap man, way to go! That’s almost $400 this year you’ll save to go towards growing your wealth! Woot.

      Reply
  31. middle class February 10, 2015 at 3:42 PM

    I’m glad I came across your post. Even though I go through periods of cost-cutting, I often need a reminder to get going on selling stuff and making that yearly call to internet provider and auto insurance companies.

    Reply
  32. Pengepugeren February 10, 2015 at 6:51 PM

    Hey, Mr. Money. You should interview the “radio freak” for the side hustle series :-)

    Reply
    1. J. Money February 12, 2015 at 12:45 PM

      Not a bad idea ;)

      Reply
  33. Adam @ AdamChudy.com February 10, 2015 at 11:30 PM

    Enjoying the challenge J. I can’t quite bring myself to bite the bullet on the cellphone and trade in my Iphone 6+.

    Reply
    1. J. Money February 12, 2015 at 12:46 PM

      I’ll be honest, I wish I could have my iPhone back but keep Republic Wireless! I hear that Ting Wireless is similar though and you *can* keep iphones with them – so maybe that can be a middle ground?

      Reply
  34. Jayson @ Monster Piggy Bank February 11, 2015 at 4:08 AM

    That’s a lot J Money. Saving more than $100 from cell phones is very impressive. I think I am gonna use Republic Wireless so that I can enjoy such benefits. Thanks for giving me idea J.

    Reply
  35. Steve Kobrin February 12, 2015 at 10:42 AM

    I love the idea of challenging everything. Leave no stone on unturned. Challenge all assumptions! Uncovering extra and unaccounted for money is a thrill and big motivator to keep economizing.

    I especially like the use of Craigslist to monetize stuff. As far as that goes: is there anything that you did not consider suitable for Craigslist?

    Reply
    1. J. Money February 12, 2015 at 12:49 PM

      At this stage of the game I’m trying EVERYTHING I can on CL first and then if it doesn’t work I’ll go and try elsewhere or just donate it. 10% of the stuff I list I doubt has a standing chance, but it keeps me on track of weekly posting which is the important part – to keep the habit going. And sometimes like yesterday I get surprised and something I had listed 3 months ago sells!

      But overall yeah – I’m sure some stuff isn’t worth doing like books… I’m 1 for 3 so far with trying to offload those (older vintage ones, not modern ones).

      Reply
  36. Steve Kobrin February 13, 2015 at 11:01 AM

    Yep, makes sense. See what works and then pivot if it doesn’t. Thanks. Keep up the good work! You should teach a class in Real World Economics :).

    Reply
    1. J. Money February 13, 2015 at 4:46 PM

      “Street Economics!”

      Reply
  37. Steve Kobrin February 16, 2015 at 9:23 AM

    Yes! I like it. Seriously: write a book. Then get youself an adjunct teaching position at a local college. Or set up on-line courses. The students will learn more of value from you than any economics professor.

    Reply
    1. J. Money August 24, 2015 at 11:51 AM

      Appreciate that :)

      Reply
  38. Marjorie Whitney August 23, 2015 at 6:34 PM

    I have a nib medium green egg cooker to sell. Would CL be a good choice?

    Reply
    1. J. Money August 24, 2015 at 11:53 AM

      I have no idea what that is, but yes – Give CL a shot! You can sell anything there :) I’ve also been using the Offerup app too which works here and there if you want to check them out as well. Good luck!

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