Private Party Sales - avoid retail

Try to get involved with private party sales whenever you need to buy something. They are a potential field of bargains because in many cases, the original owner has tired of their possessions and will part with them at a very reasonable price.

You have to be careful when examining items because there isn't a "store return policy."

If you know how to determine the condition of an item, you can make out very well with a private party.

I buy from private parties whenever possible. A car will cost much less when you buy it from a private party rather than from a dealership. Private parties don’t have employees or overhead.

Smart shoppers know it can be much cheaper and easier when you buy from private parties.

Private parties offer you several benefits. These include:

Buying from private parties is one of the characteristics in the profile of a smart shopper.

Of all the benefits of private party sales, the big one is avoidance of retail overhead. Here is a quick explanation of why that cuts down on the cost of things.

Once a private party has purchased an item at retail prices, they have paid for the manufacture, transportation, overhead and profit associated with the product. When you buy it second hand, there is no need to pay for those things again - you should only pay for the residual value of the product.

Expect residual value of a product to be somewhere in the range of 50% or less of it's original retail price, usually less. There is no sense reimbursing anyone for the overhead and profit that voluntarily paid the retailer.

Done with Private Party Sales, back to Frugal Shopping

There certainly is a broad scope of topics here at Frugal Living Freedom. When you think about it, money permeates so very many activities in our lives, therefore, being frugal encompasses a wide range of interests, from being employed to taking a vacation, and just about everything in between. Enjoy the variety, pick up some new ideas, and start making frugality a part of your signature.

I'm a big proponent of being debt-free, and I mean entirely debt-free - no mortgage payment. It's not essential for financial freedom, but you'll love the feeling once you get there. If you didn't have a rent or mortgage payment, how much more could you do for yourself with your current level of income? I suspect plenty.

If you ever hope to see an abundance of wealth, you need to plug the hole in your boat. The wealthy don't necessarily make lots of money, instead, they know how to hang onto what they make, and make it work for them.