Storm Door Sliding Screen eBay

How I Paid for New Doors using Part-Time eBay Money!

Dollar Flipper Musings 8 Comments

When I started out this blog, my goal was to talk all about eBay. Well, after almost 2 years, I’ve realized that I’ve expanded that a bit. I’ve broadened my scope with some of my “musings” which can still be applied to eBay, as well as to other parts of life.

As with most things though, your first pass will evolve over time. You’ll want to make adjustments as you get new information or change your perspective and goals.

Be flexible with your goals

Now though, I want to talk about why I even re-sell on eBay (other than it being ridiculously fun and productive).

The profits from re-selling online were first geared towards fully funding my Roth IRA ($5,500).

Then we moved to another state and bought a house. With this big life change, we re-directed the funds towards replacing our water heater, furnace, and HVAC. Life happened, and we rolled with the punches and tried to fit into our new role as homeowners.

As time went by in our new house, we realized that our home warranty which was included in the sale was about to expire. There were a couple things that had been on our “to look into” list.  So, we figured we might as well have a few nagging problems checked out.  If they turned out to be major issues, we’d still be under the warranty.

Two different technicians came out (for our warranty you had to pay $100 per trade visit and each item required a separate visit). One of the technicians was able to reprogram our washer and told us that the large vibrations were actually normal.

The 2nd technician was able to give us a new thermostat.  He also looked checked out our HVAC and furnace.  With these visits out of the way and our equipment tested for any major issues, we felt a bit more reassurance.

With all of these positive vibes, we took a small risk and decided to divert the funds we had been saving from eBay sales from HVAC replacements to new doors (which was also something we needed to do).

Storm Door Sliding Screen eBay

The glass can slide down to give you a great breeze!

Our old ones were drafty even with new weather-stripping (and we HATE drafty doors like the ones in our old apartment).  All said and done, we got a new storm door in the front, a new entry door and storm door on the deck, and a sliding door in the walkout basement.

But don’t throw those goals out

You’ll notice that I didn’t say “we splurged and went on vacation with all that money we saved up.” We made an investment into our home (which we’ll be able to deduct from our taxes), we’ll save money on heating, and we knocked off one of our “to do” projects. You know the big ones that you never have enough money for at the end of the month?

So now we’re back on the wagon and saving back up for our ancient furnace replacement. After that, who knows. Maybe the deck? New kitchen counter tops?

Although we re-directed our funds, we remained on-point in how we spent them (i.e., large, needed home improvement projects). We didn’t just throw the money away. Instead, we made a conscious decision to change where this money was going to be spent.

Finally, I just want to note how awesome it is that we got all of these improvements using ONLY re-selling profits. This hobby has let me translate our money into tangible assets that improve the value of our home and our experience living in it, all while not having to touch our regular income!

Comments 8

  1. That’s awesome! It feels good to pay for those things with the “extra” money of eBay. I don’t sell that much on eBay, but I do some substitute teaching around taking care of our home and family. In two years, I was able to save just under $5,000 so that we could completely gut and remodel our kitchen. We did everything ourselves (great IKEA kitchen), and it looks fantastic. It’s so good to know that nothing went on credit. Then I saved $1,000 to gut and remodel a bathroom. It really helps to have a goal and not just fritter those funds away.

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      Author

      That’s awesome! We didn’t do DIY for the doors but plan on doing the bathroom ourselves. Maybe the deck too, and who knows, it could be the kitchen after that!

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      Author

      Yeah! We love the breeze we get when we have both doors open. It reminds us that we put a lot of work in and are reaping the rewards.

  2. The only problem of home ownership is that the To Do List is never ending. There are so many things on my list: New front large window, new roof, more landscaping, a patio, a new deck (ours is tiny and I spend a lot of time outside), etc. Just to name a few off the top of my head! 🙂

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      Author

      I always laugh when people say that they are “throwing their money away” while renting. You mean you aren’t spending tons of money upkeeping a (most likely) depreciating asset? Such a bunch of malarkey. I mean, it’s nice to own a home but it’s also not all roses like everyone makes it out to be.

  3. This is great! I resell vintage on eBay and Etsy, but that money goes toward paying off my car loan early. Funny thing is we are now getting new doors too, but we’ve been budgeting for them for three months now. It feels good to be prepared either with a budget or extra funds. Thanks for your post.

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      Author

      That’s awesome that you’re paying off a loan! eBay is letting us throw some money at our mortgage and improve our house. Once your loan is paid off, you can use that money wherever you want!

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