Success StorySavvy Sellers and Bargain Hunters
Savvy Sellers and Bargain Hunters
Author: Laken Campbell
Planning Unit: Lee County CES
Major Program: Securing Financial Stability (general)
Plan of Work: Unrelated to a specified County Plan of Work
Outcome: Intermediate Outcome
A study released in December 2013, by the Kentucky Chamber of Commerce suggested that Kentucky cities are recovering more slowly than expected from the economic recession that began in 2008. Changes in the economy have forced many individuals to reduce spending in order to manage their finances. Buying and selling used materials is one strategy for earning money, while purchasing gently used items at reduced costs allows consumers to spend less. The National Association of Resale and Thrift Shops reports that resale stores in the U.S. are a multi-billion dollar a year industry.
Buying used items at local resale shops also helps maintain a healthy local economy. To increase consumer ability and confidence in buying and selling items through yard sales and consignment shops, the Lee County Family and Consumer Science Agent taught Savvy Sellers and Bargain Hunters financial workshop for the Quicksand Area counties. Educational emphasis was placed on:
- understanding the difference between yard sales, consignment shops and thrift stores
- identifying whether participants have personal items that could be sold
- determining the appropriate outlet in which to sell them
- learning helpful steps in planning a yard sale
58 consumers participated in the workshop(s). Participants were surveyed following the class and 81 percent intend on saving money by shopping at local consignment shops; 62 percent intended on hosting a yard sale to sell personal items; and 100% percent learned how to plan a yard sale. 53 participants indicated they planned to visit local resale shops.
“I have never had a yard sale, but the information I received today was very helpful. I certainly enjoyed the session” – Stated a participant
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