Day 4 of February wasn’t too crazy for me, here’s what went down financially:
1.) More “Investments” In Items to Resell - I am trying to make a point to get around to all the major retailers in my area since getting back to Fargo.
I am trying to get a good amount of inventory as I work towards making reselling my biggest source of income in 2020.
Now is actually a great time to be doing this I have found as most stores are running winter clearance trying to get rid of all the left over inventory from the holidays and make room for new items.
MONEY SAVING TIP: Take advantage of store clearance events in your area. If you can, research ahead of time to see when they will be running them and use those times to purchase items you need but can wait to get a deal on.
Since I know that most people reading this are not resellers, I still thought it is worth mentioning. I went to Bed Bath & Beyond today and found they were running a Red Dot clearance event which means you take an additional 80% off the lowest marked price. This also includes clearance priced items, if they have a red dot sticker!
By taking advantage of this, I was able to get for example an item on clearance for $7.50 for only $1.50!
2.) Free Lunch - Okay, so today II met with my former boss to discuss some things about digital marketing and he was so kind as to pay for my lunch today. Thanks Matthew!
All I have to say about this is obviously, one should never take advantage of someone to get something from them. However, at the same time, one should never be too proud to let someone else provide something for you.
Most of us feel really good when we give to others, and we should also remember to allow others to have the opportunity to do the same.
3.) Savings on Gas - Recently, a lot of gas stations have been competing with each other by offering rewards and incentives for purchasing gas from them. I like to take advantage of these as much as possible.
Today, I purchased $5 of gas from the Exxon Mobile as I have their app which gives me points for gas purchases which can later be redeemed for gas or other things. Gas was cheaper here than the station right next to it so I chose this one to save a little.
The reason I only got $5 was because I have some gas coupons to another gas station but I left them at home, so I decided to wait to fill up the tank until I can use those. Also, one of my credit cards currently is offering a 10% cash back on purchases from that same gas station so I figured I would maximize my savings by filling up there! (Will share the numbers with you when I fill up tomorrow)
FUN FACT: Totally unrelated but Tesla Stocks have risen over 100% since this time last month… so if you had invested just one month ago, you would have doubled your money.
LESSON LEARNED: Saving money is important no matter how small the amount. The actual savings on gas I made may only add up to pennies in actual value but over time pennies become nickels, nickels become dimes and before you know it you have saved dollars!
I am sure there are some other financial wins I am missing but I don’t want to bore you by making this post longer than it already is. So that will be wrap for today!
Did you make any decisions that had an impact on your finances today? I would love to hear about it in the comments!