I have used this trick for years and was surprised how few people do it. For example, I just bought a new hard drive for my laptop. It arrived and I installed it and everything is working great! It cost me $125 for the new part. Most people stop here.
I take it one step further and sell my old hard drive on eBay or craigslist. I quick search on eBay shows that the going rate for my old hard drive is $40. I can assume that I will get close to that so the net cost of my new drive is $85.
Selling stuff right away, especially electronics, reduces waste, costs you less out of pocket, and goes a long way to prevent clutter. This extra hard drive would sit for ages before I use it or sell it for even less down the road. If you keep up with the "turnover" of your stuff then you will have a lot less in the long run to deal with and more financial flexibility.
You can win the battle against clutter and waste!
Cash out on old stuff when you buy new
Labels: saving, spending, tipby Frugal Backpacker on Monday, February 22, 2010
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